Based in Bethesda, MD, the Eastern Union’s Mid-Atlantic Group secured more than $75 million in commercial financing within a 40-day period over May and June. Financing was delivered within the multifamily, single-family rental, retail, and industrial asset classes. Eastern Union is one of the country’s largest commercial real estate brokerage firms.
The largest transaction closed by the Mid-Atlantic office during this time span was a $49.5-millionconstruction loan provided to New York-based Hillcrest Acquisitions in support of a planned 288-unit multifamily property in Madison, AL, a submarket of Huntsville. The complex, called The Gabriel, will consist of ten three-story buildings and is scheduled for completion in July 2024. The financing, carrying a 36-month term, was provided by 3650 REIT.