Brick Realty purchases mortgage and note for portfolio

Brick Realty Capital LLC, through an affiliate entity, has added another non-performing mortgage and note to their loan portfolio. The collateral is comprised of a six-unit walk-up apartment building located in the Ridgewood section. According to Eric Roth, a managing partner at Brick, the note was purchased from a local savings bank and was closed within two days of the accepted offer. Phil Ragone, of Brick Capital Group, and Nadeem Haque, of Friedman-Roth Realty Services, were the brokers.