Eastern Union Funding arranges $6.75m financing for purchase of office/retail space in Falls Church, VA

February 25, 2016

Falls Church, VA — Eastern Union Funding, a top-10 commercial real estate debt brokerage based in Brooklyn, NY, arranged financing for the $6.75 million acquisition of 7121 Leesburg Pike, a two-story office and retail center in Falls Church. The property consists of five ground-level retail condos and nine second-story office condos.

 Eastern Union Funding’s Marc Tropp, a senior managing director based in the firm’s Bethesda, MD office, negotiated a $4.25 million, seven-year deal fixed at 4.3% with six months interest only. Tropp brokered the loan with regional balance sheet lender Burke & Herbert Bank on behalf of 7121 Metrowest LLC. 
“We were able to broker an excellent deal by partnering with a regional lender and working in a timely fashion. That we could lock in such a competitive rate - literally within hours of the federal rate hike - made the final product that much more exciting for all parties involved,” said Tropp.

Please reload

Featured Posts

Horning and Lizzack of NAI Hanson negotiates lease to bring dental practice to retail suite

December 6, 2019

1/10
Please reload

Please reload

Recent Posts

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.