Eastern Union Sees Increased Activity In Real Estate Market

Despite the recent downturn in the real estate market-Lakewood based Eastern Union Commercial sees a brighter future. The month of August for Eastern Union has been the best month for the origination of new deals put together-since March of last year. On the closing front, Eastern Union has closed 41 deals since Memorial Day and currently has over 70 deals in process with 22 different lenders. The deals include multi-family, office, retail, notes, construction, single tenants and owner occupied. A large percentage of the deals originated, were through hires of the new Scoop division of Eastern Union. Last month alone, EUC closed two deals worth over $20,000,000.

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