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$700,000 First Mortgage – Jericho Turnpike, Dix Hills, New York

Brick Realty Capital LLC, through an affiliate entity, has provided a first mortgage in the amount of $700,000 to a Long Island real estate developer.  The collateral, located on Jericho Turnpike in Dix Hills/Huntington New York, is comprised of a development site that is slated to be a future home of  a Dunkin Donuts. According to Managing Partner Eric C. Roth, “this loan is representative of Brick’s desire and ability to expand our loan portfolio outside of the five boroughs”. The interest only mortgage is for a 2 year term.