New York CityNew York City

$400,000 Bridge Loan – Bronx Development Site

Brick Realty Capital LLC, through an affiliate entity, has provided a first mortgage acquisition bridge loan in the amount of $400,000.00 to a local real estate investor.  The collateral, located in The Bronx near Interstate 95 and Co-Op City, is comprised of a 19,000 square foot development site. Phil Ragone, of Brick Capital, arranged the financing for this transaction.