SAF Holdings, LLC (and subsidiaries SCRA and AmeriFirst)

Description

In December 2016, SAF was founded as the holding company for both the Summit Consumer Receivables Acquisitions, LLC bulk consumer loan portfolio acquisitions business, and the AmeriFirst Home Improvement Finance, LLC loan origination and consumer loan servicing businesses. SAF is headquartered in Reno, Nevada. The origins of SAF and its family of Companies dates to 1979, with the creation of the consumer finance arm of the Pacesetter Corporation, which eventually became AmeriFirst Home Improvement Finance (“AmeriFirst”, www.TrustAmeriFirst.com), which has originated and serviced over $2 billion of consumer home improvement loans. SAF’s “bulk” consumer loan portfolio acquisition business takes place under Summit Consumer Receivables Acquisitions, LLC (“SCRA”, www.SCRAfinance.com). SCRA was founded in 2016 to continue the Summit companies’ portfolio acquisition legacy from its predecessors Summit Investment Services, LLC and Summit Alternative Investments, LLC, which have been acquiring consumer loan portfolios since 2007 and together have sourced well over $1 billion in acquisitions. SAF Holdings, LLC (“SAF”) delivers exceptional value to clients and partners by leveraging the experience gained from many years of sourcing, originating and servicing over $3 billion of consumer unsecured and home improvement loans and portfolio transactions. The SAF team has deep experience with developing consumer finance programs, servicing consumer loans, assisting in consumer loan portfolio acquisitions for a variety of product verticals, and financial data analysis and modeling.

Financials