Brick Capital Realty arranges $10 million in financing

Eric Roth, Brick Capital Partners

New York, NY According to Eric Roth of Brick Capital Partners, the firm has arranged a total of $10 million in financing for the following three deals:

• Brick Capital, through an affiliate entity, funded an acquisition loan for $6.45 million to a private real estate investor. Located in the East Village of Manhattan, the collateral is comprised of a six story walk-up apartment building with 19 apartments and two retail tenants. The loan included the funding of major capital improvements to performed within the building as well as apartment renovations slated to have condo-like finishes. The interest only loan is for a two-year term and was closed within two weeks of application.

• Brick Capital, through an affiliate entity, funded a $2.5 million first mortgage. The collateral, located on 8^th Ave. in downtown Manhattan, consists of a three-story, mixed-use building. The interest only mortgage is for a two year term and was closed within two weeks of application.

• Brick Capital, through an affiliate entity, has funded a first mortgage for $1.1 million to a local real estate investor. The collateral, located in Atlantic Beach, Long Island, is comprised of a one-story retail building as well as an ocean-front vacation home. This loan is an example of Brick’s ability to provide debt for a multitude of asset types.