Eastern Union Funding Arranges $3 Million Loan To Refinance A Mixed-Use On Vanderbilt Avenue In Brooklyn, NY

[Jacob Neiman]

Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated $3 million to refinance a five-story condo building with one commercial tenant.

The seven-year loan was provided by a regional balance sheet lender and features a competitive rate of 3.75 percent without recourse. The transaction was arranged by Michael Muller, based out of the firm’s Brooklyn headquarters.

 

The property, in addition to the commercial portion, has eight residential units and is located on Vanderbilt Avenue.