New York CityNew York City

$6,450,000 Acquisition Loan – East Village of Manhattan

Brick Capital Partners LLC, through an affiliate entity, funded an acquisition loan in the amount of $6,450,000 to a private real estate investor.  Located in the East Village of Manhattan, the collateral is comprised of a six story walk-up apartment building with 19 apartments and 2 retail tenants. The loan included  the funding of major capital improvements to performed within the building as well as apartment renovations slated to have condo-like finishes.  The interest only loan is for a 2 year term and was closed within two weeks of application.