Announced
Financials
Tags
United States
residential mortgage
Mortgage REITs: Residential
Acquisition
Domestic
Majority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
Proprietary Capital, an alternative investment manager, agreed to acquire American Financial Resources, a manufactured home lender. Financial terms were not disclosed. "With the Acquisition of AFR, we will build on our already strong mortgage platform. With the addition of AFR's robust operational platform, loyal customer base, long-term dedicated employees, and their breadth of products and services, we will catapult our growth for many years to come," Craig Cohen, Proprietary Capital Managing Member.
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