American Real Estate Capital LLC (AREC) is the Commercial Real Estate Lending platform for its parent, American Financial Group (NYSE “AFG”). AFG is a holding Company based in Cincinnati, Ohio whose primary business is insurance and investments. AFG’s major insurance division operates as the Great American Insurance Company, founded in 1872. With a focus on real estate lending in major metropolitan areas, AREC arranges permanent commercial and multifamily mortgages on a national basis. LOAN PRODUCTS Permanent, Fixed Rate AMORTIZATION Up to 30 Years LOAN AMOUNTS $5 million to $50 million LOAN-T0-VALUE Up to 80% LOAN TERMS 3 to 10 Years RECOURSE Non-recourse RESERVES Typically Required