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Jason Au – Arranges Mortgages in Excess of $11 Million

Jason Au of the Brick Capital Group reported the following six recent transactions:

 

-          $ 3.1 million new mortgage on a commercial building located on Third Ave in the Bronx. The loan features a rate of 4.5% fixed for five years on a 25-year amortization.

 

-          $ 2.5 million new  mortgage on a seven-unit,  four-story mixed-use building, located on Bond Street in Manhattan. The bridge loan featured a rate of 6.27% fixed for three years interest only.

 

-          $ 2.45 million new mortgage on a 16-unit,  four-story elevator apartment building, located on Newkirk Ave in Brooklyn. The loan features a rate of 3.75% fixed for seven years with a five-year option.

 

-          $ 1.987 million new mortgage on a retail strip center located on Glenwood Rd in Brooklyn. The loan features a rate of 4% fixed for 5 years, with no pre-payment penalty.

 

-          $ 800,000 new mortgage on an eight-unit, four-story walk-up apartment building, located on South 3rd Street in Brooklyn. The loan features a rate of 4.75% fixed for seven years.

 

-          $ 525,000 new mortgage on a six-unit, three-story walk-up apartment building, located on 60th Street in Brooklyn. The loan features a rate of 3.625% fixed for five years.