New York CityNew York City

$1,550,000 Blanket First Mortgage – Brooklyn, New York

Brick Capital Partners LLC, through an affiliate entity, provided a blanket first mortgage in the amount of $1,550,000 to a private real estate group.  Located in the Boerum Hill section of Brooklyn,  the collateral is comprised of a vacant three story walk-up apartment building as well as partially occupied 4 story walk-up apartment building. The loan proceeds are to be utilized for the renovation of the buildings.  Marc Hershberg of Friedman-Roth Realty Services LLC arranged the financing on behalf of the borrower.