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Brokerage
Posted: April 14, 2015
Brick Realty Capital finances $2.5 million
Brick Realty Capital LLC, through an affiliate entity, arranged financing of a first mortgage on a 56-unit apartment building.
Brick Realty Capital, through an affiliate entity, originated the $2.5 million first mortgage. The collateral, located in the North Bronx, consists of a six-story elevator building with 56 apartments. The interest-only mortgage is for a two year term.
According to Eric Roth, owner and managing partner of Brick Realty Capital, "These loans are representative of Brick's continuing commitment to aggressively finance deals in the Bronx and throughout the Greater New York Area."
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