Michael Muller Of Eastern Union Funds $39M Loan For MultiFamily In Sunderland

The Cliffside Apartments, a 280-unit multifamily property located in Sunderland, Massachusetts, was refinanced with a $39 million Fannie Mae loan arranged by Eastern Union Funding. The property, built in 1976, features one-, two-, three-, and four-bedroom units, as well as townhouses, with an average size of 532 square feet.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $39,000,000.00
• Address: 248 Amherst Rd, Sunderland, MA, 013...
• Market: Sunderland
• Borrower's Rep: Michael Muller()
• Lender: Eastern Union Funding

Michael Muller of Eastern Union acted as the borrower's representative in securing the floating-rate loan for The Cliffside Apartments. The financing, part of a portfolio transaction, also included a $44.8 million loan for a 256-unit property in nearby Amherst, with Newmark originating the financing as a Fannie Mae Delegated Underwriting & Servicing (DUS) lender.