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$1,325,000 First Mortgage – Kings Point, New York – Estate

Brick Capital Partners, through an affiliate entity, funded a $1,325,000 First Mortgage .  The borrower, an Estate, needed the funding in order to begin settling tax and real estate liens.    The collateral is comprised of  a 6200 square foot home on 1.5 acres of land and views of Manhasset Bay. According to Managing Partner Eric C. Roth, “though this type of collateral is not generally of the asset class that we tend to fund, the metrics of the deal made great sense for us to add to our mortgage portfolio.”