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Eastern Union announces $21M in financing for N.J. properties

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Commercial mortgage brokerage firm Eastern Union Funding, of New York, announced Monday it has arranged approximately $21 million in financing for multifamily properties in New Jersey.

Among the notable deals:
 
– $9.5 million to refinance a 171-unit property in Somers Point on a 10-year term, at 4.04 percent, and 30-year amortization.

– $3.5 million to refinance a 45-unit Union City property on a three-year term, at 3.5 percent, and 30-year amortization.
 
– $2.2 million to refinance a 73-unit property in Trenton on a 10-year term, at 3.88 percent, and 30-year amortization.

Write to the Editorial Department at editorial@njbiz.com

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