Eastern Union Launches Small Loans Division
Eastern Union launched a new Small Loans Division.
The new national division will focus primarily on multifamily deals valued at less than $1.5 million, with a minimum loan size of $150,000. The division will also arrange financing for portfolios of single-family rental or smaller multifamily properties whose combined value can reach tens of millions of dollars.
Transactions handled under the Small Loans Division will include office, retail, health care, hospitality, industrial and self-storage.
Heading up the new division is Sarah Steinhardt, who served as a processor and underwriter with Eastern Union since September 2019. Ben Schwartz will serve as lead broker for the new unit.
