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Purchase of Non-Performing Note – New Construction

Brick Realty Capital LLC, through an affiliate entity, recently completed the purchase of another non-performing Mortgage and Note.  According to Managing Partner Eric C. Roth, the collateral, which is located in The Williamsbridge section of The Bronx,  consists of a  newly constructed 5 story  apartment building  comprised of 6 apartments plus a retail/day care center on the ground floor.  There is a total 9200 square feet of rentable space within the property.