Eastern Union Funding has vetted and approved 750 investors for its growing equity division.
The division screens its user base heavily before introducing investors to clients offering investment opportunities in their real estate deals.
Under mortgage broker’s model, investors submit their criteria for deals in which they’d consider a stake, and are only notified when an Eastern client is raising money for an acquisition that matches the investor’s specific taste.
Since opening in May, the equity division has established a nationwide presence, making introductions for potential investment opportunities in Arizona, Maryland, New York, California, Texas, Florida, and New Jersey.
Managing director of equity placement Marc Belsky said, “This proprietary database is quickly becoming a powerful tool for both our brokers and their clients. The larger it grows, the more demand we see for access to it.”