New York CityNew York City

$800,000 Second Mortgage – Crown Heights Brooklyn

Brick Capital Partners LLC, through an affiliate entity, provided a blanket second mortgage in theĀ  amount of $800,000 to a private real estate owner. Located in the Crown Heights section of Brooklyn, the collateral is comprised of three apartment buildings that contain a total of 36 apartments. The loan proceeds are to be used for the renovation of the buildings and the apartments. The loan is interest only with a 2 year term.