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Eastern Union Funding.


Eastern Union Funding announced the following transactions:

* A $7.5 million first lien lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party.  mortgage for a retail/ residential condo conversion Generally stated, a condo conversion is a process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individual for sale units.  in Brooklyn Brooklyn (brk`lĭn), borough of New York City (1990 pop. 2,300,664), 71 sq mi (184 sq km), coextensive with Kings co., SE N.Y. , N.Y. Aaron Orlofsky and Ira Zlotowitz Ira Zlotowitz is the CEO of Eastern Union Funding, a large mortgage brokerage in New York City. He is the son of Rabbi Meir Zlotowitz.

Zlotowitz is also the creator of "Simple Remote"[1], a tracking software for the real estate industry. References

1.
 arranged the financing for this transaction;

* A $900,000 first lien mortgage, for a medical center in Lakewood, N.J. David Betesh and Motti Schwinder arranged the financing for this transaction;

* A $1.6 million first lien mortgage for an industrial building in Peekskill, N.Y. Meir Krengel arranged the financing for this transaction.
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Article Details
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Title Annotation:Finance: real estate
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 29, 2003
Words:83
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