Lakewood, NJ - While many are struggling with the difficult economic climate, a young orthodox entrepreneur expects to close $3 billion in commercial loan closings in the upcoming year.
Ira Zlotowitz, co-founder of Eastern Union Funding told commercial real estate news site GlobeSt.com that his company hopes to triple the volume of financing done in the 2012 calendar year.
According to Zlotowitz, commercial lending has strengthened over the past eighteen months and he expects the trend to continue. With $700 million in deals currently underway Eastern Union, which has offices in Flatbush, Howell, New Jersey and Bethesda, Maryland, is hoping to have a banner year.
Zlotowitz founded the Masmid Govoha program in 1995 in order to motivate older elementary school students, who typically may have lost some of their youthful enthusiasm for extra-curricular learning programs.
The program, which began in Lakewood with forty seventh and eighth graders, offering students incentives for learning in their spare time, has grown exponentially and Zlotowitz told Real Estate Weekly that last year Masmid Govoha had 2,700 participants nationwide.
"The biggest motivation is recognition and positive reinforcement and every kid has the same exact chance to succeed," said Zlotowitz. "Everyone wants to be recognized for their hard work."
Zlotowitz is also the co-founder of Lomdei Hadaf, an organization founded in 2012 to help Daf Yomi learners with the often difficult task of continuing their daily studies, in order to reach their ultimate goal of completing the entire Shas. Lomdei Hadaf hopes to make that objective a reality by allowing Daf Yomi users to network with each other and by sharing often underutilized resources including shiurim, CDs, apps, seforim, emails, websites and other study aids.
Source: VIN News