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Eastern Union: Loan Closings See Strong Uptick in Q2

NEW YORK CITY-Ira Zlotowitz, president of Eastern Union Commercial, talks with GlobeSt.com about what market factors are driving this trend, and why it’s a good time to refinance.

By Jacqueline Hlavenka | Updated on July 27, 2012

NEW YORK CITY-Over the span of a few short years, Ira Zlotowitz and Abraham Bergman has transformed their business – Eastern Union Commercial – into a nationally-recognized real estate mortgage firm. And during the second quarter alone, the firm experienced a 150% increase in loan closings compared with Q2 2011, GlobeSt.com has confirmed.

The boutique mortgage brokerage – with its corporate headquarters in Manhattan and local offices in Brooklyn, NY, Howell, NJ, Bethesda, MD and Philadelphia – finalized more than 100 transactions in Q2 alone, the highest number of loans the company has ever closed within a single three-month period – a sign that a pick up in lending is beginning to take place.

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