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Purchase of Non-Performing Mortgage – Crown Heights

Brick Realty Capital LLC, through an affiliate entity, has added another non-performing Mortgage and Note to its loan portfolio.   Located in the Crown Heights section of Brooklyn, the collateral is comprised of a 12,000 square foot  walk-up apartment building that contains 16 residential units.   Brick, who purchased the loan from a local savings bank, closed the transaction within 7 days after the signing of a Contract of Sale.