SAFE FINANCIAL PICKS UP ITI FINANCIAL’S PORTFOLIO
SAN RAMON, Calif.
SAFE Financial LLC, the sister company of Security Alarm Financing Enterprises LP (SAFE), announces it has acquired ITI Financial Corp.‘s loan portfolio, for an undisclosed amount. According to SAFE Financial, it is aggressively growing its loan portfolio and believes that the ITI Financial portfolio meets its standards for quality, asset-backed loans with future growth potential. “The ITI portfolio acquisition provides an exceptionally good fit for our lending platform and we are delighted to have the opportunity to bring these borrowers into the SAFE family of preferred dealers,” says Paul Sargenti, president and CEO of SAFE Financial. ITI Financial, an Interlogix company, is a designer and manufacturer of supervised security, life safety, and home automation systems. SAFE Financial provides custom-designed loans for maximizing alarm dealer cash flow.
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