New York CityNew York City

$2,000,000 First Mortgage – Bronx New York

Brick Capital Partners LLC, through an affiliate entity, funded a first mortgage in the amount of $2,000,000 to a private real estate investor.  Located on East 149th Street in The Bronx,  the collateral is comprised of a six story elevator apartment building that contains 39 apartments and 3 retail stores. The loan included  the funding for building-wide major capital improvements as well as for the renovation of 23 vacant apartments.  The interest only loan is for a 2 year term and was arranged by Brick Capital’s Phil Ragone.