American Financial Resources, Inc.

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American Financial Resources, Inc. - overview

Established

1997

Location

Parsippany, NJ, US

Primary Industry

Financial Services

About

Founded in 1997 and based in New Jersey, US, American Financial Resources, Inc. , also known as AFR, operates as a wholesale residential mortgage lender that offers solutions for home purchases, new construction, and renovations. In August 2023, Proprietary Capital, LLC, agreed to fully acquire American Financial Resources, Inc. As of 2023, the company is led by its CEO, Richard Dubnoff, and offers services across 20 states in the US.


AFR offers various lending solutions that include residential mortgage services and specialty products like single close construction, renovation, manufactured homes, down payment assistance, and non-qualified mortgage loans. The company’s mortgage process services include loan origination, underwriting, funding, post-closing, servicing, and construction project management, along with web and mobile applications. The company generates revenue through its various financial services and products.


Current Investors

Proprietary Capital

Primary Industry

Financial Services

Sub Industries

Mortgage Banking

Website

www.afrcorp.com/

Verticals

FinTech, Mobile Apps

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

American Financial Resources, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedAmerican Financial Resources, Inc.-

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American Financial Resources, Inc. - employee data

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