Subordinated Debt Investment Opportunity
In 2016, SAF subsidiary AmeriFirst introduced a lower interest rate program for high-credit consumers, and in mid-2017 AmeriFirst closed a $500M 3-year asset purchase facility with major NY-based loan buyer.
In 2019, AmeriFirst secured a $100M, 95% percent advance rate credit facility.
The combination of our financing and purchase facilities, and the introduction of more competitive pricing across the credit spectrum resulted in a large increase in loan funding volume.
As a result, SAF has been raising additional “downstroke” capital in the form of subordinated debt to season new loan originations. All lenders to SAF’s companies and predecessors have been paid in full, even through the Great Recession.
On a first-come, first-serve basis, SAF subsidiary AmeriFirst is offering a 12% interest rate for 12 months, with interest paid monthly or quarterly. Principal will be paid back at maturity. This opportunity is guaranteed by AmeriFirst and secured by our loan collateral, subordinate to our senior lenders.