New York CityNew York City

Mortgage For Non-Performing Note Purchase

Brick Realty Capital LLC, through an affiliate entity, provided acquisition financing of  $575,000  to a private investor group for the purchase of a non-performing first mortgage and note.  Located within blocks of Rutgers University’s Newark campus, the collateral consists of a mixed use building that contains 9 residential units, 3 stores and a parking lot .   This transaction is representative of Brick’s continuing commitment to provide bridge loan financing for investors who wish to purchase non-performing debt.