FrumWire

Eastern Union, one of the few select mortgage companies still actively closing commercial real estate loans – with more than 80 closings since Memorial Day, including 19 closings within the past 3 weeks -- has rolled out "THE SCOOP". A flat-fee service that is geared towards active investors and those with large commercial real estate portfolios, fine-tuned for the mindset of the new markets of today and tomorrow.

In this new market environment, commercial real estate investors have found themselves in a quandary adjusting to the current unrest and uncertainty. As lending options are drying up on a daily basis, they have come to the realization that professional assistance with their transactions is quickly becoming the only option. While in the recent past, some investors would process/close simple cash-flowing deals without any outside assistance, in this current market, they acknowledge the need for professional input from people within the lending industry who are always abreast of the current lending institutions and different options.

In short, investors are looking for guidance and sound advice for their purchases and refinances and realize the need to consult with an analyst/underwriter whom they can trust with unbiased advice. Not to neglect the value-added deals, for which the market now dictates the necessity for a regular mortgage broker.

Until now, investors had only one option: pay a broker 1%, or do the deals in-house without the benefit of a brokerage firm guiding them. Now with "THE SCOOP", for a monthly fee you can have the luxury of never paying more than ¼ of the 1% mortgage brokerage fee to finance stable and cash-flowing multi-family, office, retail, or industrial properties. In some cases you will not even have to pay a ¼ of the 1%, as part of “The SCOOP” flat monthly fee; you will be provided with an analyst/underwriter to run the deal from inception through closing. In addition, clients of "THE SCOOP" will have unfettered access to Eastern Union's banking relationships, industry knowledge and know-how.

Investors will have the peace of mind knowing they have the guidance, ability to consult, and strategize with a team of professionals within the lending arena. Ira Zlotowitz, President of Eastern Union, whose broad knowledge of the markets are well established, will be available as part of the exclusive investors membership with "THE SCOOP", as well as Eastern Union's top underwriters and Heads of Banking Relationships. If mid-stream an investor feels the need for more than just an analyst and would like to engage one of Eastern Union's Loan officers, Eastern Union will provide a loan officer for a fee of only ¼ of 1%. If the deal is not stable or does not fall under one of the four main property types, then Eastern Union will broker the deal with its normal brokerage fee.

“We believe this new concept will revolutionize and redefine the industry" says Ira Zlotowitz. "Investors need more options in today's market and we are at the forefront in understanding and interpreting this new market. One of the numerous new innovations that we have been actively pursuing is obtaining new sources of money in the U.S and abroad. This in turn will afford our clients, the ability to have their loans placed via "THE SCOOP", providing the flexibility investors need to navigate through these unchartered waters.”

For more information please contact Ira Zlotowitz directly at [email protected] or by calling 917-597-2197

Eastern Union is a New York based commercial real estate financing firm, closing over $1billion in loans in the past year. They focus on all property types, including multi-family, industrial, retail, shopping centers and all loan types. Despite current market conditions Eastern Union is consistently maintaining closings.

FOR IMMEDIATE RELEASE

October 1, 2008
Contact Person:
Leah Larson
781-784-3585
[email protected]

JEWISH TEEN FINALIST IN WELLS FARGO CONTEST  Leah Larson, age 17, editor and publisher of Yaldah magazine for Jewish girls, is a finalist in the Someday Stories Contest sponsored by Wells Fargo Bank.  Leah’s mother, Evelyn Krieger, of Sharon, MA, wrote the winning essay, “Dream Girl”, describing her ambitious daughter’s talents and dream of expanding Yaldah Magazine, which she started at age 13.  Krieger’s essay was one of 5 finalists selected from 10,000 entries and is the only Jewish finalist.

The mother/daughter team is now competing for the grand prize of $100,000, which will be invested in expanding the magazine and programs for Jewish girls.  Public voting is currently underway on the website, www.wellsfargo.com/somedaystories which features the winning essays and video interviews.  The finalist with the most votes by November 10, 2008 will be named the Grand Prize Winner.

Jews worldwide have voted, blogged about it, spread the word to their friends, and eagerly check the votes each day. Yaldah has been in first place since the contest opened, but recently slipped to second over during Rosh Hashanah. Anyone can easily support Yaldah magazine and Leah's dream by taking a minute to vote. 

Yaldah magazine’s mission is to celebrate Jewish girls and women, inspire creativity, leadership, and Jewish living.  Yaldah is a quarterly, full-color magazine available by subscription and at select bookstores.  For more information about the magazine visit: www.yaldahmagazine.com.