Brick Realty Capital LLC, through an affiliate entity, has reported the following transactions:
Brick provided a first mortgage in the amount of $2.3 million to a real estate investor. Located near the corner of Park Ave. South and Union Sq. Park, the collateral is comprised of a four story brownstone that contains 6,000 s/f. According to Eric Roth, a managing partner who arranged the loan, as the borrower required the use of these funds to complete a year end purchase of other real estate, we issued the commitment letter and closed the loan within a 14-day time frame.
Brick also provided a first mortgage in the amount of $200,000 to another real estate investor. Located in the Little Italy district of The Bronx, the collateral is comprised of a two story building that contains both a retail tenant and professional tenants. Joel Radmin, a managing member, arranged the financing for this transaction. Tags: