New York CityNew York City

$410,000 Mortgage – Nolita IMD Conversion

Brick Capital Partners LLC, through an affiliate entity, provided a second mortgage in the  amount of $410,000 to a private real estate owner. Located in the Nolita section of Manhattan, the collateral is comprised of three residential units and one commercial tenant. The loan proceeds are to be used for the renovation and conversion of the building out of IMD  status. The loan is interest only with a 2 year term.