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Industry

Mortgage

Company Type

Mortgage Bank

Size

$50 Million

Investment Type

Equity


Overview


American Pacific Mortgage (APM) is seeking $50 million of equity/debt for strategic roll-up acquisitions of distressed mortgage banks to grow their platform originating, selling, and servicing residential mortgage loans  in the US.

APM has originated over $143 billion of home loans, including conventional, federal housing administration, jumbo, first time homebuyers, USDA, Section 184, CalHFA, VA/CalVet, manufactured housing loans, and refinancing options


Founded in 1996; based in California; licensed in 49 states plus the District of Columbia


Approved as a Title II, non-supervised direct endorsement lender with the US Department of Housing and Urban Development (HUD)


Approved issuer with the Government National Mortgage Association (GNMA), as well as an approved seller and servicer with the Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC)


Opportunity


The mortgage banking industry is extremely distressed (perhaps the worst ever) and there are many strong platforms that are struggling to survive


APM expects to expand its market reach through strategic acquisitions


The current shake out in the mortgage industry has created a once in 40-year opportunity to consolidate the industry


Legacy owners of independent mortgage banks have substantial balance sheets as a result of the massive years of 2020-2021, yet today they cannot become profitable, nor can the owners harvest their entire balance sheets


The only means to harvest their balance sheets is to close or roll up under an APM entity


Solution/ Strategy


APM expects to expand its market reach through strategic acquisitions


By rolling up into APM, target platforms can:

  • dramatically reduce operating costs and perpetuate and monetize their valuable salesforces
  • wind up of their companies and harvest their substantial balance sheets

Ripe Environment


There are roughly 500 independent mortgage banks in the industry


Management expects that less than 400 will remain by mid-2024


Today the environment is highly competitive with not enough business to go around


High rates have decimated the normal refinance market and historically low inventory has limited the ability for qualified borrowers to get into contract

WE ARE
A national lender licensed in 49 states with more than 350 branches & 1,800 loan advisors
Consistently ranked a Top Retail Lender  Most Loved Employer
OUR PURPOSE
Remain 100% Focused on making our branches & originators look good
We serve our producers treat them as our customers
Create Experiences that Matter
Operate our company under the values of Respect, Transparency & Scrappy
To care for our employees & our communities through our non-profit APMCares
OUR REPUTATION
Over 360,000 customers served
More than 130k reviews with 4.9+ average rating
World Class NPS scores from our employees

Meet Our Leadership Team


Kurt Reisig

Founder & Chairman


Responsible for:

Overall company performance, ESOP management, APMCares & strategic opportunities

Bill Lowman

Vice Chairman


Responsible for:

Company direction, balance sheet & P&L management & key counter-party relationships

Ned Payant

CEO


Responsible for:

Strategic plan & direction for the company, risk management, operational efficiency & preserving the culture of APM

Dustin Sheppard

President


Responsible for:

Growth & expansion, revenue & sales goals, success of our producers & branch officer across the country

Learn More About American Pacific Mortgage
Thank you for your interest in American Pacific Mortgage.Please fill out your information and we will contact you shortly with more information on this opportunity.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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