Brazilian Finance & Real Estate S.A. (BFRE) is a leading privately held real estate finance company. Founded by Moise Politi and Fabio de Araujo Nogueira, BFRE has long been recognized as a leader and innovator in the real estate finance sector, providing mortgages to individuals, development finance to homebuilders, securitization of real estate receivables, and real estate asset management. The Company is an integrated platform operating and providing its products and services under four brand names:
 | BM Sua Casa offers long-term mortgages in Brazil through a growing network of retail outlets targeting middle-income and affordable/entry-level homebuyers. |
 | Brazilian Mortgages is Brazil’s first independent mortgage company, offering mortgages to individuals as well as corporate loans to real estate developers. Brazilian Mortgages also provides structuring and management services to real estate investment funds (REIFs). |
 | Brazilian Securities is Brazil’s leading and largest real estate securitization company and has been a pioneer in acquiring, structuring, and selling Mortgage Backed Securities. |
 | Brazilian Capital is a leading institutional investment manager known for creating the first real estate-focused private equity fund in Brazil. It currently manages over R$2.5 billion of real estate-related funds on behalf of international and Brazilian institutions. |
MARKET OVERVIEW
A 7 million home housing deficit, combined with new housing stock being provided by a rapidly formalizing homebuilding industry, continues to fuel an expanding mortgage market in Brazil. In addition, declining interest and inflation rates coupled with strong employment levels and rising per capita income is making mortgages more accessible, particularly in the growing middle class segment of the population. Despite the positive demand dynamics and macroeconomic trends, and increasing availability of credit, mortgage lending in Brazil represents only 3% of GDP (compared to nearly 70% in the U.S.) indicating substantial long-term growth potential.
