By Gregg S. Reichman - CEO - Active Finance Group
As you know, in May of this year AFG imposed a moratorium on making new loans due to the high velocity of Investor demand and a need to re-engineer our internal process.
During this time we have re-tooled our administrative IT infrastructure and changed the work flow through the company. We have added several new features to increase Borrower convenience, and loan processing speed, including the ability to track your loans on-line, and make payments on-line.
We will be sending a complete detail of the changes over the next few days. The purpose of this e-mail is to let you know what AFG will begin accepting new loan applications on July 15th, 2008 with the intent to begin funding loans in the ordinary course of business on August 1, 2008 .
With the exception of loans inside the state of Arizona, AFG no longer utilizes local market Representatives, but instead we will be relying upon 3rd party appraisers for valuation of your properties, so in the event you submit an application with AFG be advised that the asset valuation process has changed and you will be contacted by a 3rd party to conduct asset due diligence.
In addition to this, AFG 's affiliate, Active Mortgage Group, LLC is now a licensed Mortgage Banker in the State of Arizona , with affiliates in all states where AFG does business. If you have a need for take out financing as a part of your business model, AMG 's President will be glad to discuss your needs. Applications for Take Out Financing are available on AFG 's website, at www.activefinancgroup.com. A more detailed e-mail will follow containing specific take out financing programs which will be offered by Active Mortgage Group, LLC.
We are very appreciative of your patience during this time, and we are excited to be able to once again provide for both your short term and permanent financing needs in all areas of your investment real estate business.
Please do not hesitate to contact any AFG staff Member in the event you have any questions. The live help link on our website is active during normal business hours and provides the most expedient method to have your questions answered.
Best regards,
Gregg S. Reichman
CEO / Managing Director
Active Finance Group, LLC
Active Mortgage Group, LLC
Active Finance Group has been an advocate of Real Estate Investing and a Platinum Vendor Member of SAREIA for 5 years.
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