Brick Capital Partners closes three first mortgages

Bronx, NY Brick Capital Partners LLC, recently closed the following transactions:

• A first mortgage in the amount of $2 million to a private real estate investor. Located on East 149^th St., the collateral is comprised of a six story elevator apartment building that contains 39 apartments and 3 retail stores. The loan included the funding for building-wide major capital improvements as well as for the renovation of 23 vacant apartments. The interest only loan is for a 2 year term and was arranged by Brick Capital’s Phil Ragone.

• Through an affiliate entity,Brick Capital Partners has provided a first mortgage in the amount of $800,000 to a local real estate investor. The collateral, located in the Brownsville section of Brooklyn, is comprised of a 2 Three Story mixed use walk-up apartment building that contain 6 residential units a 2 retail tenants. The interest only loan is for a two year term and was closed within seven days of application in order to facilitate the borrower’s time of the essence closing.

• Through an affiliate entity,Brick Capital Partners has provided a first mortgage in the amount of $550,000 to a local real estate investor. The collateral, located in the Greenpoint section of Brooklyn, is comprised of a four story walk-up apartment building that contains 8 units. The interest only loan is for a two year term and was closed within three days of application.

Tags: Brokerage

Reprint

Previous Story Next Story

Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27^th floor of 1270 Avenue of the Americas at

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

Developing Westchester: Opal 115 - Mount Vernon West Mixed-use Multifamily Development

Columns and Thought Leadership

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.