Brick Capital buys $10.6M note secured by Chinatown commercial property

Brick Capital Group bought a note from Santander Bank with an original principal of $10.6 million secured by Chinatown commercial property owned by Yi Keung Lam.
The property is an office building (O5) at 39 East Broadway in Chinatown. The deal closed on March 12, 2021 and was recorded on March 19, 2021.
The property contains a total of 21,302 square feet of built space.

The owner entity is Wing Hing East Broadway, Inc., which acquired the property in 2000.

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