New York CityNew York City

Queens Commercial Building – $8,750,000 Acquisition Loan

Brick Capital Partners LLC, through an affiliate entity, funded a first mortgage in the amount of $8,750,000 to a private real estate investor for the acquistion of a Queens commercial building.  Located in Bayside,  the collateral is comprised of a three story commercial building that consists of ground floor retail tenants, office tenants and underground parking.  The interest only loan is for a 2 year term and was closed within eight (8) days of application in order the meet  the borrower’s closing obligations.