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.