Summit Consumer Receivables Acquisitions, LLC
Financial Services - Reno, NV, US
Summit Consumer Receivables Acquisitions, LLC Employees
Summit Consumer Receivables Acquisitions, LLC Details
Summit Consumer Receivables Acquisitions, LLC ("SCRA" or "Summit") 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. SCRA's business model includes the purchasing and divesting of consumer receivables from banks, finance companies, originators and other investment entities. Summit partners with organizations that invest in or are interested in investing in pools of consumer receivables in a variety of asset classes. Summit has special relationships with traditional banks, both captive and third-party finance companies, seller-originators, and investment banks to name a few, which have either originated consumer loans, acquired ongoing new "flow" originations, or invested in existing "bulk" consumer loan portfolios of performing and/or non-performing consumer receivables.As part of its business model, SCRA may purchase assets for its book of business, co-invest on a syndicated basis, or source assets for clients. Summit also aids clients strategically to divest or invest in any class of consumer receivables, whether it be to exit an asset class or to rebalance a portfolio. Headquartered in Reno, Nevada, SCRA is part of the SAF Holdings, LLC family of Companies. SAF Holdings, LLC ("SAF", www.safholdingsllc.com) also owns AmeriFirst Home Improvement Finance, LLC (www.trustamerifirst.com), which originates new home improvement loans, and services a wide variety of consumer loans. SCRA is a leader in the consumer finance industry in assisting clients with analyzing, purchasing and selling consumer loan portfolios.
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