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Purchase of Non-Performing Mortgages – Greenpoint Multi-Family Apartment Building

Brick Realty Capital LLC, through an affiliate entity, has added another non-performing Mortgage and Note to their  loan portfolio.   Located in the Greenpoint section of Brooklyn, the collateral for the mortgage is secured by a five story multi-family apartment building with retail on the ground floor.   According to Eric C. Roth, a Managing Partner, “ we completed our due diligence and closed on the purchase of the notes all within 10 days.  This swift execution is indicative of our ability to respond, analyze and to quickly close on these investment opportunities.”   Phil Ragone and Nadeem Haque, of Friedman-Roth Realty Services LLC, were the brokers in the transaction.