
Eastern Union Funding arranged approximately $14.2 million in acquisition financing for Hawthorne Gardens Associates LLC's purchase of Hawthorne Gardens in Lancaster, Pa.
Eastern Union senior managing directors David Metzger and Nate Hyman worked with Greystone on behalf of the New Jersey-based private investor, securing a 12-year, fixed-rate loan with six years of interest-only payments.
Located at 99 Dickens Drive, Hawthorne Gardens comprises six, three-story garden-style apartment buildings. All apartments are two-bedroom, two-bathroom units. The 144-unit community was built in 2014 and is 97-percent occupied.
Robert Holland, president of The Kislak Company, represented the seller in the transaction.

