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Lakewood, NJ - Orthodox Businessman Takes Real Estate Funding And Torah Learning To New Heights

Published on: January 17, 2013 10:29 AM
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Ira Zlotowitz who began his career in the commercial mortgage business at the young age of 18 expects to close $3 billion in commercial loan closings in 2013.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.

The 37 year old Lakewood, NJ resident has been involved in the field of commercial finance for more than half his life, but the son of Artscroll Publications Rabbi Meir Zlotowitz has also invested his passion and his talents into perpetuating Torah study as well. 

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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.



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Read Comments (20)  —  Post Yours »

1

 Jan 17, 2013 at 10:56 AM TexasJew Says:

Kol Hakovod to him. There is a future for the frum community if only they can emulate him and not others that have been in the news lately.

2

 Jan 17, 2013 at 10:58 AM rationalsavta Says:

KOL HAKAVOD.

3

 Jan 17, 2013 at 11:25 AM JOTHEPROFESSOR Says:

It should be Govoah (consonontal heh) not govoha.

4

 Jan 17, 2013 at 11:40 AM Anonymous Says:

Reply to #1  
TexasJew Says:

Kol Hakovod to him. There is a future for the frum community if only they can emulate him and not others that have been in the news lately.

There are plenty of other frum Yidin in the news that it would be wise for us to emulate.
Your statement was only made because you are getting your "news" from the wrong web sites / newspapers.

5

 Jan 17, 2013 at 11:46 AM sane Says:

Good to see people having dreams and pursuing them.

6

 Jan 17, 2013 at 12:14 PM shredready Says:

good for him

7

 Jan 17, 2013 at 12:15 PM shredreday Says:

Reply to #4  
Anonymous Says:

There are plenty of other frum Yidin in the news that it would be wise for us to emulate.
Your statement was only made because you are getting your "news" from the wrong web sites / newspapers.

yeah some web/news sites like to hide stories do you mean those sites

8

 Jan 17, 2013 at 12:45 PM common-cense Says:

Reply to #7  
shredreday Says:

yeah some web/news sites like to hide stories do you mean those sites

Is the glass half empty or half full? It depends which side you "want" to see, v'hamaivin yovin...

9

 Jan 17, 2013 at 12:49 PM chaim Says:

I wish him much hatzlocha.

10

 Jan 17, 2013 at 12:51 PM cool masmid Says:

I did a stint at Eastern Union about 6 or 7 years ago. Ira Z is a heart of gold that's unmatched. His sole ambition to make money is so that he can be 'marbeh kvod shomayim' and he does it in so many ways. A very special and gifted individual. The RSO should continue to give him much hatzlocho.

11

 Jan 17, 2013 at 01:35 PM Shtarker Says:

So there may be some value to a secular education after all.

12

 Jan 17, 2013 at 02:03 PM mytaxguy Says:

Reply to #4  
Anonymous Says:

There are plenty of other frum Yidin in the news that it would be wise for us to emulate.
Your statement was only made because you are getting your "news" from the wrong web sites / newspapers.

What a silly thing to say...Are you saying "My frum Yid is better than your frum yid?" Ira is a wonderful frum yid who should be emulated period. No disparaging remarks necessary.

13

 Jan 17, 2013 at 02:07 PM Anonymous Says:

Reply to #11  
Shtarker Says:

So there may be some value to a secular education after all.

Perhaps it does, perhaps it doesn't.

But what does that have to do with this story? This story would seem to indicate quite the opposite.

14

 Jan 17, 2013 at 02:09 PM Anonymous Says:

Reply to #11  
Shtarker Says:

So there may be some value to a secular education after all.

There may be???????????? Stop being so "Shtark" and wake up to see there are those of us who do not sit and learn all day but support it. And yes SECULAR EDUCATED people can be just as frum and in most cases more honest ( section 8 and food stamps ring a bell?) than some kollel people

15

 Jan 17, 2013 at 06:15 PM Yanki Says:

Is he a Touro Graduate?

16

 Jan 17, 2013 at 06:33 PM MarkTwain2 Says:

Reply to #10  
cool masmid Says:

I did a stint at Eastern Union about 6 or 7 years ago. Ira Z is a heart of gold that's unmatched. His sole ambition to make money is so that he can be 'marbeh kvod shomayim' and he does it in so many ways. A very special and gifted individual. The RSO should continue to give him much hatzlocho.

Try inserting your notes to RSO in the kosel versus online

17

 Jan 17, 2013 at 06:41 PM Aron1 Says:

Reply to #12  
mytaxguy Says:

What a silly thing to say...Are you saying "My frum Yid is better than your frum yid?" Ira is a wonderful frum yid who should be emulated period. No disparaging remarks necessary.

#4's post was in response to #1's comment.

18

 Jan 18, 2013 at 10:30 AM BuckyinWisconsin Says:

Great, someone works, learns, and supports Torah institutions. This should not be big news, it should be the norm.

19

 Jan 18, 2013 at 03:04 PM tunabaygel Says:

He is a great guy who does chessed in many ways.. There is a yeshiva in New Jersey who he is close to and goes out of his way time and time again to do what ever it takes to make the bochurim happy! Ira much hatzlacha! keep on doing your great work

20

 Jan 19, 2013 at 07:15 PM Canadian Says:

Reply to #14  
Anonymous Says:

There may be???????????? Stop being so "Shtark" and wake up to see there are those of us who do not sit and learn all day but support it. And yes SECULAR EDUCATED people can be just as frum and in most cases more honest ( section 8 and food stamps ring a bell?) than some kollel people

if they're in Kollel is one thing...especially if making very, very little parnasah with a family. what bothers me are "business" people who are using programs they should not be & taking resources Kollel folks authentically need.

21

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