![MBA Newslink Logo](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/mba-newslinks-child-page-logo.png)
Dealmaker: Eastern Union Secures $8.8M for Baltimore-Area Office Complex
![](https://newslink.mba.org/wp-content/uploads/2023/08/Dealmaker-Eastern-Union-White-Marsh.jpg?w=700&h=466&crop=1)
(Image courtesy Eastern Union)
Eastern Union, New York, arranged $8.8 million in financing for the purchase of an office complex in Nottingham, Md., near Baltimore.
The buyer was Baltimore-based CityWide Properties. The company purchased the White Marsh Professional Center for $11.8 million.
Marc Tropp, a Senior Managing Director with Eastern Union, arranged the transaction with an unidentified lender. He secured a five-year mortgage with an interest rate fixed at 5.95%. The financing allows for one year of interest-only payments.
“In today’s credit environment, securing financing for office properties can often pose challenges,” Tropp said. “But when the transaction involves a well-located asset and an accomplished, reputable owner, banks will step forward.”