Au of Brick Capital finances four mortgages totaling $5.715 million
Jason Au, director of finance at Brick Capital Group LLC, arranged mortgage financing in the aggregate amount of $5.715 million?? for the following four properties:
* A new mortgage of $2.66 million that is collateralized by a retail strip center located on Liberty Ave. in Queens. The loan features a seven year fixed rate of interest at 4% with no pre-payment penalty.
* A new mortgage of $1.5 million that is collateralized by a four-story walk up apartment building, containing 16 apartments, located on 84th St. in Brooklyn. The loan features a seven-year fixed rate of interest at 3.625% and includes a five-year renewal option.
* A new mortgage of $1 million that is collateralized by a four-story mixed-use building, containing three units, located on Madison Ave. in Manhattan. The loan features a seven-year fixed rate of interest rate at 3.2% and self-liquidates.
* A new mortgage of $555,000 that is collateralized by a three-story walk-up apartment building, containing six units, located on 77th St. in Brooklyn. The loan features a five-year fixed-rate of interest at 4%.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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