News:
Brokerage
Posted: January 13, 2014
Roth of Brick provides $3.5 million in financing
Brick Realty Capital LLC, through an affiliate entity, provided a Hypothecation Loan in the amount of $3.5 million to a private real estate investment group for the purchase of 3 non-performing mortgages and notes. The mortgages are secured by five retail buildings including a local shopping mall and a Harley-Davidson dealership. Eric Roth, a managing partner of Brick, arranged the financing for this transaction directly with the borrower. The loan, with an interest only 2 year term, was closed within two weeks of application in order to satisfy the borrower's time of the essence closing date.
Tags:
Brokerage
MORE FROM Brokerage
United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f
East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
Quick Hits
Columns and Thought Leadership
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.
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
.gif)