SAN DIEGO, April 20, 2021 / PRNewswire-PRWeb / – Mortgage banker American Mortgage Network (AmNet), a 100% employee-owned company (ESOP), has acquired its first property to expand its real estate portfolio for employee retirement. The company acquired two 1800 square foot homes on the same land near downtown Phoenix. He plans to identify more assets in this growing neighborhood which is located at 1018 S 4TH Ave, Phoenix, AZ 85003.
AmNet is unique in that it is not heavily leveraged like other 100% ESOPs. The company does not invest in the maintenance of the tapes. Instead, he uses his profits to develop his real estate portfolio. This aligns with AmNet’s long-term strategy to create value for employee retirement. As an asset class, real estate has historically provided an important hedge against inflation while providing stable cash flow. The company continues to expand the real estate side of the business with a focus on the multi-family market.
“We are excited about the growth of the real estate side of ESOP,” said Joseph S. Restivo, President, CEO and Co-Founder of AmNet. “Our first purchase is an important step for our employee-owners and a big step forward in our strategy. It aligns with our goal of ensuring that we have income-generating assets for employees when they retire. We are extremely proud of what this represents and clearly demonstrates that not all ESOPs are created the same. “
In 2020, AmNet’s growth exceeded 900%, year after year. Starting with five employee-owners, it is now a team of over 125 professionals. AmNet is licensed in 32 states. The company’s web technology allows it to operate from anywhere United States.
About ESOP American Mortgage Network
American Mortgage Network (AmNet) is a 100% employee-owned company (ESOP) primarily engaged in providing primary residential mortgage loans. AmNet offers a full line of buying and refinancing products. It is a recognized leader in the VA market. AmNet targets all qualified borrowers for product offerings and is committed to fair lending practices. The company is now licensed in 32 states. Visit us to learn more about: https://amnetmtg.com/.
Corinne Forti, public relations and communications
Corinne Forti, American Mortgage Network, +1 8053688665, [email protected]
David Wallace, American Mortgage Network, 8584147293, [email protected]
SOURCE American Mortgage Network