New York CityNew York City

$3,500,000 First Mortgage – East Village Acquisition Loan

Brick Capital Partners LLC, through an affiliate entity, funded an acquisition loan in the amount of $3,500,000 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 that contains 12 apartments.  The interest only loan is for a 2 year term and was closed within 5 days of application in order to facilitate the purchaser’s time of the essence closing.