News: Brokerage

Brick Realty Capital arrange multiple mortgages; two totaling $1.55 million

Brick Realty Capital LLC arranged the following mortgages; one undisclosed amount and two totaling $1.55 million: * Brick Realty Capital LLC, through an affiliate entity, has added another non-performing mortgage and note to their loan portfolio. Located in the Greenpoint section of Brooklyn, the collateral for the mortgage is secured by a five story multi-family apartment building with retail on the ground floor. According to Eric Roth, a managing partner, "We completed our due diligence and closed on the purchase of the notes all within 10 days. This swift execution is indicative of our ability to respond, analyze and to quickly close on these investment opportunities." Phil Ragone and Nadeem Haque, of Friedman-Roth Realty Services LLC, were the brokers in the transaction. * Brick Realty Capital LLC, through an affiliate entity, provided a first mortgage in the amount of $700,000 to a local real estate owner. Located on Adam Clayton Powell Boulevard in Harlem, the collateral is comprised of a two mixed use buildings that contain both apartments and ground floor retail tenants. The loan was closed within 7 days of application. Phil Ragone, of Brick Capital Group, arranged the financing for this transaction. * Brick Realty Capital LLC, through an affiliate entity, provided a second mortgage in the amount of $850,000 to a local real estate owner. Located in the Nolita section of Manhattan, the collateral is comprised of a mixed use building that contains both apartments and a ground floor retail tenant. Jason Au, director of finance for Brick Capital Group, arranged the financing for this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing