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Purchase Non-Performing Note and Mortgage – Crown Heights Brooklyn

Brick Realty Capital LLC, through an affiliate entity, has added another non-performing Mortgage and Note to their  loan portfolio.   Located in the Crown Heights section of Brooklyn, the collateral for the mortgage is secured by a five story multi-family apartment building.  According to Eric C. Roth, a Managing Partner, “ we completed our due diligence and closed on the purchase of the note within 2 days in order to fulfill the requirements of selling Bank.  This swift execution is indicative of our ability to respond, analyze and to quickly close on these investment opportunities.”   Phil Ragone and Nadeem Haque, of Friedman-Roth Realty Services LLC, were the brokers in the transaction.