Eastern Union Funding secures $4.5 million acquisition financing

37 Charter Oak Place and 29 Charter Oak Avenue - Hartford, CT

Hartford, CT Eastern Union Funding, one of the nation’s leading commercial real estate debt brokerage firms, has arranged $4.5 million in acquisition financing for two neighboring multifamily properties close to downtown. Respectively, 37 Charter Oak Place and 29 Charter Oak Ave. comprise 70 residential units and 10 residential units with two ground-floor retail spaces. Working on behalf of the borrower, Hartford-based Aria Legacy Group, Eastern Union’s Joshua Novoseller and Adelle Ross secured the loan with CBRE Capital Markets.

Aria Legacy Group is a privately held, fully integrated real estate firm that acquires value-add, multifamily and mixed-use properties on the east coast. Aria recently closed on two Waterbury, Conn., multifamily assets in November 2015, also with the financial assistance of Novoseller.

Founded in 2001, Eastern Union Funding is a leading commercial mortgage brokerage according to Mortgage Bankers Association’s annual survey, and one of the top 50 fastest growing companies in NYC as reported by Crain’s New York Business the past two years straight. A trusted advisor to its clients and innovation leader in the commercial mortgage marketplace, Eastern Union closes an average of $3 billion in annual transaction volume nationwide. The firm’s sophisticated debt solutions are complemented by a one-of-a-kind Equity Division. Eastern Union is headquartered in New York, with offices in New Jersey, Maryland and Israel.