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July 7, 2015: Top-ten commercial mortgage brokerage firm Eastern Union Funding, one of the fastest growing in the nation and a pioneer of capped-fee loan origination, announced today that it will be adjusting its fee cap to $135,000 on loans for stabilized properties, effective immediately on new originations.

The decision results from the firm�s success in the year since its president, Ira Zlotowitz, sent shock waves through the industry by rolling out a fee cap of $250,000 per transaction�making Eastern Union the first debt brokerage to offer a solution to the problem of exorbitant industry fees.

In the 12 months since the rollout of the $250,000 cap, business has more than doubled, with Eastern Union Funding closing 100 deals above $10 million.

�Not only did we pick up deals above $25 million, which directly benefited from the cap because the industry typically pays one percent of $25 million, but we also saw a surge in the $10 million to north of $50 million loans,� said Eastern Union President Ira Zlotowitz. �Clients are choosing to grow with Eastern, knowing that not only are they receiving best-in-class service; but as they get bigger, the fees on their larger loans will be capped.�

�We grew to $3 billion a year based on being trusted advisors, coupled with our certainty of execution,� said Michael Muller, Eastern Union Senior Managing Director and the top originator at Eastern Union Funding for the last decade. �We are now taking that trust to a whole new level. We truly feel that, in today�s market, advances in technology and data points warrant a new fee structure. We are now able to offer a cap of $135K, which we feel is in line with the progression of the market.

The company�s top producer also alluded to further changes in the company�s fee structure: �We are continuing to innovate, and are in the process of developing another industry-revolutionizing refinancing product to be rolled out by the end of the third quarter that will truly transform the CRE financing arena.�

�Our goal from the start has always been to foster efficiency in the marketplace. Borrowers have questioned for years why a $100 million deal warrants a fee five times the size of a $20 million deaI, and why a $20 million deal carries a fee four times that of a $5 million dollar transaction,� Zlotowitz said. �It doesn�t make sense. If anything, it�s easier for large deals. They are more appealing to lenders. We are confronting this issue directly and offering a value-added, fair fee for a service we know is top quality and inspires loyalty.�

About Eastern Union Funding: Founded in 2001, Eastern Union Funding is a top 10�commercial mortgage brokerage, according to Mortgage Bankers Association�s annual survey. Eastern Union�s sophisticated and reliable debt solutions are built on a foundation of trust, and complemented by�a one-of-a-kind Equity Division. As reported by Crain’s New York, Eastern Union is one of the top 50 fastest growing companies in NYC. Closing an average of $3 billion in annual transaction volume nationwide, Eastern Union is headquartered in New York, with offices in New Jersey, Maryland and Israel. For more on the country�s most trusted commercial mortgage brokerage visit www.easternuc.com.