New York CityNew York City

$500,000 Hypothecation Loan for Non-Performing Mortgage and Note Acquisition

Brick Realty Capital LLC, through an affiliate entity, provided a Hypothecation Loan in the amount of $500,000 to  a private real estate investment group for the purchase of a non-performing mortgages and notes. The mortgage is secured by a a one story retail building that is slated for redevelopment.  Eric C. Roth, a Managing Partner of Brick, arranged the financing for this transaction directly with the Borrower.  The loan, with an interest only 2 year term,  was closed within two weeks of application in order to satisfy the borrower’s time of the essence closing date.