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Acquisition Financing Provided for Non-Performing Note Purchase in The Bronx

Brick Realty Capital LLC, through an affiliate entity, provided acquisition financing of  $500,000  to a private investor group for the purchase of  a non-performing first mortgage and note.   The collateral consists of a 16 unit apartment building that is located in the East Tremont section of The Bronx.   This transaction is representative of Brick’s continuing commitment to provide bridge loan financing for investors who wish to purchase non-performing debt