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Purchase of Non-Performing Mortgage and Note – Bay Ridge Commercial Building

Brick Realty Capital LLC, through an affiliate entity, has added another non-performing Mortgage and Note to their  loan portfolio.   Located at the corner of a major shopping hub in the Bay Ridge section of Brooklyn, the collateral is secured by a 21,000 square foot retail building.  According to Eric C. Roth, a Managing Partner, “after being presented with this unique opportunity, we agreed to complete our due diligence and to contract/close on the purchase of the note on the same day.  This sort of swift execution is indicative of our ability to respond, analyze and to quickly close on this type of  transaction.”