News:
Brokerage
Posted: November 7, 2017
Brick Capital Partners provides two loans; $1.55 million by Hershberg of Friedman-Roth Realty
Bronx, NY Brick Capital Partners LLC has completed the following financial transactions through an affiliate entity:
Friedman-Roth Realty
Services LLC
• $1.5 million first mortgage: Located in the Mott Haven neighborhood, the collateral is comprised of a four story walk-up apartment building with 28 apartments and two stores. The interest-only loan was closed within 10 days of application.
• $1.55 million blanket first mortgage: Provided to a private real estate group, the collateral is located in the Boerum Hill section of Brooklyn, and is comprised of a vacant three-story walk-up apartment building as well as partially occupied four-story walk-up apartment building. The loan proceeds are to be utilized for the renovation of the buildings.
Marc Hershberg of Friedman-Roth Realty Services LLC arranged the financing on behalf of the borrower.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
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.
Artificial intelligence in lending - by Lindsay Mesh Lotito
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,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
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
.gif)
August Promotion
