New York CityNew York City

$2,300,000 First Mortgage – Union Square Brownstone

Brick Realty Capital LLC, through an affiliated entity, provided a first mortgage in the amount of $2,300,000 to a private real investor.  Located in Manhattan near the corner of Park Avenue South and Union Square Park,  the collateral is comprised of a four story brownstone that contains 6000 square feet of residential space.   According to Eric C. Roth, a Managing Partner who arranged the loan, as the borrower required the use of these funds to complete a year end purchase of other real estate, we issued the Commitment Letter and closed the loan within a 14 day a time frame.