New York CityNew York City

$499,000 – Acquisition Loan Bushwick Apartment Building

Brick Realty Capital LLC, through an affiliate entity, has originated a first mortgage in the amount of $499,000.00 for the acquisition of an 8 unit walk-up apartment building located in the Bushwick section of Brooklyn. According to Eric C. Roth, Managing Partner of Brick Capital who arranged the financing on behalf of a private investor, this loan is representative of our continuing commitment to aggressively finance smaller sized deals in the boroughs.  The 80% LTV loan features interest only payments and is for a 2 year term.