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New American Funding has acquired Edina, Minn.-based Marketplace Home Mortgage. Marketplace Home does business in 14 other states.
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New American Funding has acquired Edina, Minn.-based Marketplace Home Mortgage. Marketplace Home does business in 14 other states and provides start-to-finish mortgage services to real estate.
New American Funding has announced that it has acquired Edina, Minn.-based Marketplace Home Mortgage.
National Mortgage Professional, Dec. 19, 2018–Phil Hall The transaction will increase New American Funding’s presence in the Minnesota market, where Marketplace has been operating since its founding 1995. Marketplace also has locations in Florida, Michigan, New Hampshire, South Dakota and Wisconsin. The terms of the acquisition were not disclosed.
AHI acquires both mobile homes and mobile home parks offering an alternative to traditional housing. Their mobile home business is a popular option for a homeowner wishing to avoid large down payments.
New American Funding has acquired Marketplace Home Mortgage, a regional lender that does business in 15 states. "Becoming part of New American Funding accelerates the growth plans we put into place several years ago," said Keith White, president of Marketplace Home Mortgage.
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