BRT Realty Trust provides a $31.5 million loan

BRT Realty Trust provided a $31.5 million loan allowing the borrower to purchase 12 multifamily buildings. The properties were purchased in an off-market transaction. Due to BRT's understanding of the importance of moving quickly to take advantage of this opportunity, the firm was able to perform its due dilligence and issue a commitment letter within a week and get the loan closed within three weeks.