New York CityNew York City

Second Mortgage $499,000 – Upper East Side of Manhattan

Brick Realty Capital LLC, through an affiliate entity, provided a second mortgage in the amount of $499,000 to a private real estate owner.  Located in the upper east side on Manhattan, the collateral is comprised of a two multi-family apartment buildings that contain both apartments and a ground floor retail tenants.  Eric C. Roth, a Managing Partner of Brick, arranged the financing for this transaction.  The loan, with an interest only 2 year term,  was closed within 8 days of application.