Eastern Union’s new CRO speaks on role

Bergman buttressed Charlap’s qualifications in his new post: “Jack Charlap has quickly proven that he’s well-qualified to help boost the productivity of Eastern Union’s senior brokerage staff,” said Abraham Bergman, the company’s president and CEO. “He has a solid record as a broker and a strong record of success in sales, and he knows how to motivate brokers to elevate their level of performance.   

“Jack is always ready with fresh ideas and has the kind of people skills that enable him to help individual brokers tailor their own individual formulas for professional success. I’m confident he’ll exert a positive influence on our entire brokerage team.” 

Founded in 2001, New York-based Eastern Union is a national commercial mortgage brokerage firm. It employs more than 90 real estate professionals and closes an average of $4 billion in transactions annually. Eastern Union leverages its relationships with lenders and its marketplace knowledge to secure the best available rates and terms.

Eastern Union secures financing for transactions of all sizes across the United States. Transactions – which can include multi-state and multi-site portfolios – encompass conventional commercial mortgages, structured debt, healthcare, hospitality, mobile home parks, self-storage, single-family rentals, investment sales, and – handled in conjunction with company affiliate Eastern Equity Advisors – equity placement.  

The move comes after the company set a new record last July, generating 321 new loan submissions from prospective borrowers. The commercial real estate finance firm said that this marks the second consecutive time it has experienced this accelerated pace of deal flow. Eastern Union also claims to have increased its number of mortgages under application to 93 loans in July.