Miami, Florida-based American Real Estate Capital (AREC) is a commercial and multifamily mortgage lender, operating as the loan origination platform for the insurance subsidiaries of American Financial Group (NYSE: AFG). AFG is a $39 billion holding company based in Cincinnati, Ohio, whose primary business is insurance and investments. American Real Estate Capital lends on real estate throughout the United States, providing permanent commercial and multifamily mortgages, as well as servicing loan portfolios, and offering asset and portfolio management on a national basis.
AFG's major insurance division operates as the Great American Insurance Company, founded in 1872 and focuses on property and casualty insurance services. Great American Financial Resources is a wholly owned subsidiary of American Financial Group and supplies a range of annuities, life insurance products and supplemental insurances to individuals and enterprises.