BRT Realty Trust
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BRT Realty Trust is a mortgage real estate investment trust that's been around for over thirty years, starting in 1972. It concentrates on short-term acquisition financing and bridge loans for real estate around the United States.
BRT Realty Trust 30 Years of Lending
BRT Realty (NYSE: BRT) is a hard money lender making loans backed up by income-producing properties, and can them under 48 hours. They are based in Great Neck, New York. They can lend from $1 to $75 million, mostly to companies that wouldn't qualify for financing from traditional lenders.
They recently announced a net loss and therefore a suspension of its dividends. Given the rough credit market, this is not surprising.
BRT Realty Trust is a mortgage REIT that is having a tough time now just as all financial institutions that lend out are.
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