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Purchase of Non-performing Mortgage and Note – Chelsea Apartment Building

Brick Realty Capital LLC, through an affiliate entity, recently completed the purchase of another non-performing Mortgage and Note.   Located in the heart of the Chelsea section of Manhattan, the collateral consists of a 5 story walk-up apartment building.  According to Eric C. Roth, a Managing Partner, “this transaction is indicative of our ability to quickly analyze and execute the acquisition of non-performing debt. We completed our due diligence and closed on the purchase of the note and mortgage all within a 5 day period.”