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A Busy Week for Brick Capital – 3 Transactions Closed

According to Eric C. Roth, a Managing Partner of Brick Realty Capital LLC, it was a very active week for the private investment group.   Through affiliate entities, Brick funded a second mortgage of  $3,000,000  to a private investor in order to assist in the acquisition of  a 55,000 square foot retail shopping mall located in Flushing, Queens.   Additionally, Brick provided acquisition financing of $400,000 to a local investor for the purchase of a 6 unit apartment building in the East Williamsburg section of Brooklyn.  Finally, in the third transaction of the week, Brick purchased its 21st non-performing mortgage and note of 2011.  The collateral for the note and mortgage consisted of a 16 unit multi-family apartment building that is located in the Flatbush section of Brooklyn.