New York CityNew York City

$1,350,000 Second Mortgage – Brooklyn, New York

Brick Capital Partners LLC, through an affiliate entity, provided second mortgages in the aggregate amount of $1,350,000 to a private real estate owner.  Located in the Williamsburg and Bushwick sections of Brooklyn,  the collateral is comprised of three five story walk-up apartment buildings.  The loan proceeds are to be used for the renovation of the buildings and apartments.  The loan  is interest only with a 1 year term.