Eastern Union Sets New Productivity Standards

Eastern Union, the real estate finance firm, set new productivity standards in June, reflecting both broker enthusiasm and post-covid recovery. 

The firm’s brokers closed on 71 commercial mortgages, reaching the highest monthly total for 2021. Additionally, Eastern Union’s 312 new loan submissions from potential borrowers represented the highest monthly total for the year. 

Ira Zlotowitz, president and co-founder of Eastern Union, said, “June's record-high number of closings and new loan submissions reflects the commitment and the client-centered mindset of our brokers. These results also reflect our company's ability to capitalize on business opportunities in a post-pandemic environment.”

Eastern Union’s special brokerage team, the Multi-Family Group, secured four of the largest June closings. The Multi-Family Group’s high volume of deal flow closed on hundreds of millions of dollars worth of transactions since its launch. 

"In less than a year's time, The Multi-Family Group has emerged as one of Eastern Union's most creative and energetic components,” Mr. Zlotowitz added. “The group's first-class performance in June is consistent with the strong pipeline of high-value transactions the Multi-Family Group has been delivering throughout 2021 and before.”

Mr. Zlotowitz also cited the newly introduced proprietary technology, “AskQTS,” that helps accelerate the pace of mortgage closings and identifies projected rates and terms banks would offer. 

For more information about Eastern Union and the technology they offer, visit www.easternunion.com.