New York CityNew York City

$800,000 First Mortgage – Washington Heights Acquistion

Brick Capital Partners LLC, through an affiliate entity, provided a first mortgage in the amount of $800,000 to a private real estate investor.  Located in Washington Heights,  the collateral is comprised of a vacant lot that is slated for a 9500 square foot residential redevelopment.  The loan proceeds were utilized to fund the acquisition of the site and meet  the purchaser’s time of the essence closing date.  George Niblock, a Managing Partner of Brick Capital, arranged the financing.