New York CityNew York City

$6,200,000 First Mortgage Acquisiton Loan

Brick Capital Partners LLC, through an affiliate entity, funded an acquisition loan in the amount of $6,200,000 to a private real estate investor.  Located in the Inwood section of Manhattan, the collateral is comprised of a five story walk-up apartment building with 49 apartments.  The interest only loan is for a 2 year term and was closed within two weeks of application in order to meet the borrower’s time of the essence closing requirement.  According to Eric Roth, “this transaction is simply another example of our ability to complete  due diligence and close loans on a highly expedited basis.”