Investment in Technology and Affiliate Broker Division Triggers the January Outlier

Eastern Union Funding, one of the nation’s leading commercial real estate mortgage companies, announced today it has achieved 5,000 listings on its app and received 500 new debt and equity deals in January. A characteristically slow month for the industry, these early numbers are indicative to an even stronger first quarter at Eastern Union.

Eastern Union attributes the velocity to its Affiliate Broker Division and its industry leading app. Ira Zlotowitz, president of Eastern Union Funding said, “We regularly update the app and set up the Affiliate Broker Division with planned quarterly benchmarks, in-line with our 2018 business objectives. Month one and we’ve exceeded our expectations in every category.” Mr. Zlotowitz continued, “Deals are originating throughout the country. Our sophisticated data analysis system and in-house banking division positions Eastern Union to recommend the ideal lender for every deal.”

The Affiliate Broker Division provides an unparalleled platform for independent investment sales brokerage firms to market their listings to a large and diverse pool of active commercial real estate investors. Based on a unique set of buying criteria per investor, the Eastern Union app pairs each opportunity with the ideal buyer(s). Additional complimentary services provided by the Affiliate Broker Division include underwriting, research and real time financing options.

In just three months, the Eastern Union Affiliate Broker Division has established over 6,500 relationships with commercial sales brokers from over 3,600 companies across the country and is actively promoting more than 5,000 real estate opportunities.

Eastern Union opened its first office in Florida to support the consistent growth of its Affiliate Broker Division. The new 4,000 SF office, based in Orlando, opened its doors with approximately 40 salaried employees to help onboard the affiliate brokers.

Eastern Union first quarter goals are to engage 10,000 affiliate brokers, amass 10,000 property listings and close $1.1 billion of loans.

ABOUT EASTERN UNION FUNDING:

Eastern Union Funding (Eastern Union) is among the most active commercial real estate mortgage brokerage firms in the United States. Founded in 2001, Eastern Union is a trusted advisor to real estate owners and capital sources, with office locations in New York, New Jersey, Maryland and Florida. Vertically integrated, with specialized divisions in banking, healthcare, equity and debt, Eastern Union provides a full range of financing products covering the entire capital stack. Services include traditional mortgages, bridge and structured lending, and equity capital for all major property types including multifamily, office, retail, mixed-use, healthcare and industrial. Eastern Union is a pioneer in applying technology solutions to real estate finance. The Eastern Union app is used by thousands of real estate professionals to manage real estate transactions in real-time, from origination through closing. For more information about Eastern Union, please visit easternuc.com.