Native Smart Properties Secures Credit Facility With Alarm Financial Services
Technology integrator Native Smart Properties of the greater Dallas area recently secured a $500,000, 3-year line of credit with Alarm Financial Services (AFS).
The credit facility sets up Native to meet their growth objectives and to deliver customized security and smart home automation to the multi-dwelling properties market.
The relationship with Native marks AFS’ first venture into financing integrated smart security in the multi-dwelling property space. “Native Smart Properties is a leader in this market and we are excited to be working with them as AFS expands its reach beyond non-traditional security and fire alarm companies,” says AFS Founder Jim Wooster.
As one of the largest providers of Alarm.com’s PointCentral smart home offering, Native has been able to meet an increasing demand in the multi-dwelling market in the Dallas/Fort Worth metro area, according to an announcement.
“This loan will allow us to accelerate our growth strategy and continue to evolve and innovate our unique business model,” stated Mike Harrison, president of Native. “Jim and his team at AFS have been great to work with and really took the time to understand Native’s vision.”
Since 1987, AFS has been providing financial services to the alarm industry. In 2023, the company announced advisory services aimed at security or fire alarm dealers who are considering an acquisition, either as a seller or as a buyer.
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