New York Real Estate Journal

Au of Brick Capital finances four mortgages totaling $5.715 million

February 24, 2014 - Brokerage
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%.