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Purchase of Non-Performing Mortgage – Upper Westside of Manhattan

Brick Realty Capital LLC, through an affiliate entity, has purchased another non-performing Mortgage and Note.   Located in the upper west side of  Manhattan, the collateral is comprised of a  5 story walk-up apartment building that contains  12 residential apartments and 2 retail stores.   This is Brick’s 16th purchase of a non-performing mortgage and note in 2011.