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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | American Financial Resources, Inc. | - |
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