Investment firm Equity International (EI) announced the acquisition of an 8.5% stake in Brazilian Finance & Real Estate (BFRE), a São Paulo, Brazil private real estate finance company.
EI also has the option to acquire an additional 12.2% of the company.
The proceeds will enable BFRE to continue to execute its growth plans across a number of areas, including ongoing expansion of its residential and commercial mortgage business, construction financing, securitization and structuring real estate investment funds.
Founded in 1998, BFRE is the holding company for four wholly owned subsidiaries:
– Brazilian Mortgages,
– BM Sua Casa,
– Brazilian Securities
– Brazilian Capital.
Through the mentioned operating units, BFRE provides a wide range of real estate products and services, from mortgage origination and financing to securitization and asset management.