Eastern Union.Eastern Union announced the following transactions: * An $8,240,000 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 the purchase of two office buildings in Cleveland Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and , Oh. This transaction was arranged by Esther and Joe Fettman. The loan featured a rate of 6.3% l0 year term 28 year amortization. * A $4,392,000 first lien mortgage for the refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. of two multi families in Harrisburg, Penn. This transaction was arranged by Shaya Ackerman. The loan featured a rate of 6.2% 10 year term 30 year amortization. * A $5,875,000 first lien mortgage for the refinance of a 121 pad mobile home park in Crownsville, Md. This transaction was arranged by 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. and Jack Coopersmith. The loan featured a rate of 6.3% 10 year term 30 year amortization. * A $1,458,000 first lien mortgage for the construction of four multi family properties in Bronx, N.Y. This transaction was arranged by Yossi Gelbman and Aron Stern. |
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