New York CityNew York City

Financing For Non-Performing Debt Purchase

Brick Realty Capital LLC, through an affiliate entity, provided acquisition financing of $617,500.00 to a private investor group for the purchase of a non-performing first mortgage and note.  The collateral consists of a 24 unit multi-family apartment building.  According to Eric Roth, a Managing Member of Brick, “this transaction is representative of our desire to provide bridge loan financing to investors who wish to purchase non-performing debt on a expedited basis.  We closed this loan within 10 days of the issuance of a commitment.”