New York CityNew York City

$5,000,000 First Mortgage – Brooklyn Commercial Building

Brick Capital Partners LLC, through an affiliate entity, provided a first mortgage in the amount of $5,000,000 to a private real estate investor.  Located in the Bushwick section of Brooklyn,  the collateral is comprised of a 14,000 square foot  commercial building that is undergoing a gut renovation.  The loan proceeds were utilized to pay off an open mortgage and to the fund the balance of the proceeds required to finish the conversion.  The interest only loan is for a two year term.  George Niblock of Brick Capital arranged the financing.