New York CityNew York City

$1,300,000 – Second Mortgage – Brooklyn, New York

Brick Capital Partners LLC, through an affiliate entity, provided second mortgages in the aggregate amount of $1,300,000 to a private real estate owner.  Located in the Williamsburg and Bushwick sections of Brooklyn,   the collateral is comprised of two vacant four story walk-up apartment buildings.  The loan proceeds are to be used for the gut renovation of both buildings.  The loan  is interest only with a 1 year term.