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Brokerage
Posted: February 24, 2014
Bruck of Time Equities closes $2.1 million first mortgage
Stuart Bruck, director of mortgage brokerage of Time Equities, Inc., has closed a $2.1 million first mortgage loan with a N.Y.-based bank for a major retail store with a 10-year term and the rate floor of 4.1%. The property is located on McLean Ave. The loan allowed the borrower to sub-lease the space to another major retail tenant.
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