Au of Brick Capital finances four mortgages totaling $5.715 million
Jason Au, director of finance at Brick Capital Group LLC, arranged mortgage financing in the aggregate amount of $5.715 million?? for the following four properties:
* A new mortgage of $2.66 million that is collateralized by a retail strip center located on Liberty Ave. in Queens. The loan features a seven year fixed rate of interest at 4% with no pre-payment penalty.
* A new mortgage of $1.5 million that is collateralized by a four-story walk up apartment building, containing 16 apartments, located on 84th St. in Brooklyn. The loan features a seven-year fixed rate of interest at 3.625% and includes a five-year renewal option.
* A new mortgage of $1 million that is collateralized by a four-story mixed-use building, containing three units, located on Madison Ave. in Manhattan. The loan features a seven-year fixed rate of interest rate at 3.2% and self-liquidates.
* A new mortgage of $555,000 that is collateralized by a three-story walk-up apartment building, containing six units, located on 77th St. in Brooklyn. The loan features a five-year fixed-rate of interest at 4%.
St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.