In spite of the COVID-19 pandemic, 2020 has been a busy year for Eastern Union. In May, the company launched a distressed notes initiative to identify investors interested in purchasing lenders' troubled mortgages. In June, the firm hired 75 new brokers to accommodate the demand that greeted the launch of its quarter-point fee for refinancing multifamily properties backed by Fannie Mae or Freddie Mac. And with a newly announced hiring initiative, Eastern Union shows no signs of slowing down.

The Brooklyn-based firm says its new program will train new hires as commercial mortgage brokers, paying as much as $500,000 in yearly income within two to three years of joining the company.

The initiative offers job opportunities for both the seasoned sales professional and the workforce amateur. Eastern Union says it aims to on-board ten new brokers a week.

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Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.