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Brokerage
Posted: November 7, 2011
Brick Realty Capital arranges two loans totaling $3.4 million; Also acquires its 21st Ânon-performing loan of the year
According to Eric Roth, a managing partner of Brick Realty Capital LLC, the private investment group, through affiliate entities, funded a total of $3.4 million. The deals include:
* A second mortgage of $3 million to a private investor in order to assist in the acquisition of 150-24 Northern Blvd., a 55,000 s/f retail shopping mall located in Flushing.
* Acquisition financing of $400,000 to a local investor for the purchase of a six-unit apartment building in the East Williamsburg section of Brooklyn.
Brick also purchased its 21st non-performing mortgage and note of year. The collateral for the note and mortgage consisted of a 16-unit multifamily apartment building that is located in the Flatbush section of Brooklyn.
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