Brick Capital Partners finances $10.05 million for three properties

Manhattan, NY Brick Capital Partners, through an affiliate entity, funded the following totaling $10.05 million: • An acquisition loan in the amount of $6.45 million to a private real estate investor. Located in the East Village of the borough, the collateral is comprised of a six-story walk-up apartment building with 19 apartments and 2 retail tenants. The loan included the funding of major capital improvements to performed within the building as well as apartment renovations slated to have condo-like finishes. The interest only loan is for a 2-year term and was closed within two weeks of application. • Funded a $2.5 million first mortgage. The collateral, located on 8th Ave. in the downtown, consists of a three-story mixed-use building. The interest only mortgage is for a two year term and was closed within two weeks of application. • A first mortgage in the amount of $1.1 million to a local real estate investor. The collateral, located in Atlantic Beach, Long Island, is comprised of a one-story retail building as well as an ocean-front vacation home. This loan is a prime example of Brick’s ability to provide debt for a multitude of asset types.