New York CityNew York City

$750,000 Second Mortgage – Williamsburg – Brooklyn

Brick Capital Partners LLC, through an affiliate entity, provided a second mortgage in theĀ  amount of $750,000 to a private real estate owner. Located in the Williamsburg section of Brooklyn, the collateral is comprised of a five story walk-up apartment building that contains 6 apartments and 1 retail store. The loan proceeds are to be used for the gut renovation of the building and the apartments. The loan is interest only with a 1 year term.