New York CityNew York City

$8,500,000 Loan For The Purchase of Non-Performing Debt – Queens Retail Shopping Mall

Brick Realty Capital LLC, through an affiliate entity, provided acquisition financing of $8,500,000.00 to a private investor for the purchase of a non-performing mortgage and note. The collateral consists of a first mortgage that encumbers a 55,000 square foot retail shopping mall located in Queens, New York. The interest only loan is for a 2 year term and was funded within 5 days of application. This transaction is representative of Brick’s continuing commitment to provide bridge financing for the purchase of non-performing debt and exemplifies its ability to act in a swift and resolute manner.