Who is Eastern Union Funding?

Who is Eastern Union Funding?

Founded in 2001 by visionaries Ira Zlotowitz and Abe Bergman, Eastern Union is a leading national commercial mortgage brokerage firm employing more than 175 brokers and professionals, and closing $5 billion in real estate transactions annually.

Is Eastern Union a legit company?

Eastern Union has some of the best training and a great company culture. Eastern has a great work ethic and it is a humane workplace with great people.

How much do commercial loan brokers charge?

The most reputable broker gets paid by the lender for successfully matching them with a borrower. A broker who charges you doesn’t do anything different from one who charges the lender. Most loan brokers earn an average commission of 1-6% of the amount of your commercial loan or working capital agreement.

How many employees does Eastern Union have?

How many employees does Eastern Union have? Eastern Union has 51 to 200 employees. Where are Eastern Union headquarters?

How much is Eastern Union worth?

Headquartered somewhat incongruously in the Flatlands neighborhood of Brooklyn, Eastern Union is one of the larger commercial brokerage players in New York City with 60 brokers and an average of $5 billion in transactions annually. The company also has offices in New Jersey, Maryland and Florida.

Are commercial loans more expensive?

The main reason is that commercial loans are more expensive. They usually come with higher interest rates and a shorter loan term (e.g., amortized over 20 years instead of 30 years), which raises your monthly mortgage payments significantly.

How do I become an independent commercial loan broker?

How to Become a Business Loan Broker in 5 Steps

1. Research on Different Loan Broker Training Programs.
2. Apply for an Employer Identification Number (EIN)
3. Apply for a Local Business License and Open a Business Bank Account.
4. Establish a Relationship with Reputable Lending Companies.

How old is Ira Zlotowitz?

Mr. Zlotowitz, 38, is the founder and president of Eastern Union Funding, a private real estate mortgage brokerage business that specializes in small to midsize commercial borrowers.

Do I need a license to be a commercial loan broker?

In fact, you do not need a commercial license to become a commercial mortgage broker in many cases. Most states do not require commercial licensure, but 20 states require a license. Example: In California, commercial mortgage brokers must take at least eight college courses in real estate and/or finance.

What states require commercial lending license?

Alabama, Arizona, California, Colorado, Florida, Idaho, Illinois, Louisiana, Michigan, Minnesota, Nevada, New Jersey, North Dakota, Oregon, Rhode Island, South Dakota, Texas, Utah, and Vermont. Here are excerpts from some of the states laws regarding commercial mortgage licensing.

Who is Eastern Union?

Eastern Union, one of the country’s largest commercial real estate finance firms, took the industry by storm and reset traditional industry pricing with The Multi-Family Group. We created a bold fee structure with 1/4 point refinancings on multi-family deals, with no backend fees.

Is Eastern Union a good broker for Fannie Mae?

The Mortgage Bankers Association’s recently ranked Eastern Union as the second-most-active broker nationwide as an intermediary for loans backed by Fannie Mae or Freddie Mac.

Why choose Eastern lenders?

With years of experience dealing with Mez and structured loans, Eastern has aggressive leverage and pricing available. Our lenders we work with understand your plan and believe in your deal. We’ve Helped Thousands of Clients Secure Billions in Loans… Experience. Service. Closings

What is curated real estate news on Eastern Union?

With Eastern Union’s curated commercial real estate news feed you can get all the latest news you need to stay current, without sifting through hundreds of articles. Access all the comps and listings in your area of interest. Search a specific property and view a map of all the data around that specific address.