New York CityNew York City

$800,000 First Mortgage – Brooklyn Acquisition Loan

Brick Capital Partners, through an affiliate entity, has provided a first mortgage in the amount of $800,000.00 to a local real estate investor.  The collateral, located in the  Brownsville section of Brooklyn,  is comprised of a 2 Three Story mixed use walk-up apartment building that contain 6 residential units a 2 retail tenants.   The interest only loan is for a two year term and was closed within seven days of application in order to facilitate the borrower’s time of the essence closing.