Jack Adler Joins Eastern Union

Brooklyn, NY—In a move that appears focused on strengthening its relationships with banks, Eastern Union Funding has tapped Jack Adler—former VP at Meridian Capital—to become a SVP.

Adler has more than 600 commercial loans totaling approximately $3.7 billion under his belt. While at Meridian, he  acted as the primary point of contact for several clients of one of the senior partners and managed commercial loan processes from preliminary stages through closing.

In his new role, Adler will run underwriting and placement for Eastern's Brooklyn-based New York office. He also will oversee the efforts of brokers, he tells GlobeSt.com. “I'm wearing two hats, but they go hand in hand.

“After 10 years at Meridian,” he continues, “I developed not just client relationships but also banking relationships and knowledge of industries. I will use my experience to help brokers underwrite deals more efficiently, help them determine what deals make sense and which banks have an appetite to lend to which property types. It's important in our business to know banks' flavor of the week.”

Adler also plans to strengthen Eastern's existing bank relationships, noting that there are “enough banking relationships to solidify by using relationships I might have [within those institutions] that they don't. “I see opportunities there.” He declined to name names.

Managing partner Abraham Bergman, who will work with Adler, adds,  “Jack puts things in perspective in terms of what we are capable of doing. Having people like Jack around is a natural step for our firm as we continue our growth. We're bringing him in because we trust his instincts.”