New York CityNew York City

$415,000 First Mortgage – Brooklyn Apartment Building

Brick Capital Partners LLC, through an affiliate entity, provided a first mortgage in the amount of $415,000 to a private real estate investor.  Located in the Lefferts Gardens section of Brooklyn,  the collateral is comprised of a three story walk-up apartment building that contains six apartments and a detached garage.  The loan proceeds were utilized to pay off an open mortgage and to fund building wide renovations.  The interest only loan is for a one year term.  Anthony Lekanides of Brick Capital arranged the financing.