Carlile Investments today announced the completion of the purchase of All Fund Mortgage, a privately held mortgage banking company headquartered in Tacoma, Washington. The transaction was finalized on September 12, 2007. Terms of the transaction were not disclosed. Carlile Investments is a major stakeholder in Royal Capital Group (), who will also provide marketing and management. All Fund Mortgage will be held as a sister company to Royal Capital Group.
Taylor Greer, a seasoned executive in residential lending with Royal Capital Group, will take over as All Fund Mortgage's President. "We are excited to work with all of the All Fund Mortgage branches across the nation to establish a major force in residential lending," said Greer. "The All Fund acquisition will significantly increase the mortgage banking and related capabilities of Royal Capital Group nationwide. We feel now is the right time for such an initiative as we build a foundation to support an immense wave of refinances coming. As we build together, we lay the foundation to take Royal Capital Group and All Fund Mortgage to the next level in 2008."
"I am very excited to have Carlile Investments as the new owner," said Chris Dunn, the previous owner of All Fund Mortgage. "They bring a powerful retail loan origination program with Royal Capital Group and have solid management experience in the mortgage industry. This is a great opportunity for the existing All Fund branches, as the Royal Capital Group model can really help them increase their loan volumes and bottom line profits."
All Fund Mortgage funded over $1.4 billion in volume and $69.7 million in revenue in 2005 and 2006. All Fund Mortgage has over 90 retail offices and is licensed in 46 states. All Fund Mortgage has been an Inc. 500 Company for two years running. The Inc. 500 is a list of the nation's fastest growing private companies.
About Royal Capital Group
Royal Capital Group (RCG) is a Full Service Residential and Commercial Specialist with over 50 years of combined experience and familial relationships with some of the nation's top banks. Royal Capital Group has divisions for Residential, Commercial, and Hard Money Lending. RCG has recently begun building a team for Land Development and REO Purchasing, leading the industry into new marketplaces.
About All Fund Mortgage
All Fund Mortgage is a mortgage banker providing high quality financial services to homeowners throughout much of the United States. The company's mission is to deliver outstanding financing products at the most competitive rates in the industry. All Fund Mortgage's experienced staff offers expertise in every area of mortgage lending, from purchase to refinance to construction lending. All Fund Mortgage is a DBA of Amerifund Financial, Inc.
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