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BRT is a hard money commercial real estate lender that specializes in the use of short term mortgage bridge loans. Our creative financing capabilities allow us to develop alternative financing solutions for commercial bridge loans and hard money loans. We are capable of providing real estate financing solutions in as little as 48 hours.

BRT will finance up to 85% on a bridge loan. Loan rates vary depending on the structure of the deal. All rates float over prime. Points generally range from 2-3% and there is never a prepayment penalty. Loan terms vary as well (usually one to three years) and amounts range from $1,000,000 to $75,000,000.

In September 2003, Derek Vago of Nomura International completed within 6 weeks of initiating due diligence the €433 million multi -jurisdiction sale and leaseback of seven CenterParcs Europe sites located in the Netherlands, Germany and Belgium for Pierre & Vacances. AFG underwrote and financed €350 million of senior debt, €30 million of senior mezzanine, €30 million of junior mezzanine and €23 million of equity. AFG pre-sold the equity to a consortium represented by St. James Capital. The senior and senior mezzanine debt facilities were fully syndicated within 4 months of closing with a 0.25 per cent. margin, and part of the junior mezzanine with a total margin arbitrage of 5 per cent. A brief description of some of the other transactions in which Derek Vago was either actively involved or oversaw whilst Managing Director and Co-Head of AFG is set out on the left.