New York CityNew York City

$600,000 First Mortgage – Washington Heights Vacant Lots For Development

Brick Realty Capital LLC, through an affiliate entity, has provided a first mortgage in the amount of $600,000 to a private real estate investment group.  The collateral, located in the Washington Heights section of Manhattan, is comprised of  two adjacent lots that are to be developed into residential town houses.  Phil Ragone, of Brick Capital Group, arranged the financing on behalf of the borrower.