Brick Realty Capital finances five commercial properties throughout New York

Brick Realty Capital LLC, through an affiliate entity, completed the financing of the following commercial properties: * A first mortgage in the amount of $660,000 for the acquisition of a two-story mixed-use building located in the Red Hook section of Brooklyn. The loan features interest-only payments and closed within two weeks of the application in order to meet the borrower's Time of the Essence closing requirement. Brick Realty Capital's George Niblock, managing partner, arranged the financing on behalf of a private investor. * A first mortgage in the amount of $400,000 located in the Bedford-Stuyvesant section of Brooklyn. The collateral property is a four-story apartment building with eight units. Brick Realty Capital's Phil Ragone arranged the financing on behalf of Brick Realty Capital for this transaction. * A first mortgage in the Clinton Hill Section of Brooklyn in the amount of $585,000. The collateral property is a three-story mixed-use building with ground floor retail and two residential floor-through loft style apartments. Anthony Lekanides arranged the financing on Brick Realty Capital's behalf for this transaction. * The purchase of a non-performing mortgage and note on a five-story multifamily apartment building located in the Crown Heights section of Brooklyn. Brick Realty Capital completed their due diligence and closed on the purchase of the note within two days in order to fulfill the requirements of selling by the bank. Phil Ragone of Brick Capital Group and Nadeem Haque of Friedman-Roth Realty Services arranged the financing for this transaction. * A first mortgage on four commercial buildings located in Port Chester, New York in the amount of $1.45 million. The interest only loan is for a two-year term. Frank Vena, of Laissez-Faire Capital Group, was the broker in this transaction. According to Eric Roth, owner and managing partner of Brick Realty Capital, "These loans are representative of Brick's continuing commitment to aggressively finance smaller sized deals in the boroughs and throughout the Greater New York Area." "The swift execution of these transactions is indicative of our ability to respond, analyze and to quickly close on these investment opportunities," Roth said.