THOUSAND OAKS, Calif., July 12, 2021 / PRNewswire / – Anchor Loans, the nation’s leading provider of finance to fix-and-flip entrepreneurs, announced today that Matt Miles joined the company as Chief Capital Markets Officer.
Miles has over 20 years of experience in the real estate capital markets with a particular focus on fix-and-flip loans and investments. Over the course of his career, he founded both a fix-and-flip lender (Civic Financial Services) and a proptech company (Aperture Real Estate Ventures) that developed proprietary analytics and technology for fix-and-flip investments.
He joins Anchor from Sundae, Inc. where he was fix-and-flip portfolio manager and head of capital markets for the company. Early in his career, Miles was a partner at Wedgewood, a diversified corporate / real estate investment company. While at Wedgewood, he founded Civic, his fix-and-flip loan subsidiary.
Prior to Wedgewood, Miles spent 13 years at RBS Securities (formerly Greenwich Capital), most recently as Senior Vice President of Investment Banking and Principal Finance. Miles began his career at GE Capital and is a graduate of Michigan State University.
“Matt comes to Anchor in the middle of another record year for origins and at a time when our size and financial performance give us expanded funding opportunities,” said Anchor Chief Executive Officer, Andy Pollock. “His track record, both as an entrepreneur who founded two companies in the fix-and-flip sector, and as a seasoned capital markets manager who has led hundreds of securitisations, financings and debt deals, make him an exceptional addition to the Anchor team.”
About anchor loans
Anchor Loans is the nation’s leading private lender to fix-and-flip entrepreneurs with total funding in excess of $ 9.5 Billion euros since 1998. Using advanced, intuitive technology, Anchor delivers fast, reliable financing and an exceptional customer experience – forging long-term customer relationships and helping customers meet and exceed their business goals. Over 85% of Anchor’s borrowers are repeat customers, and over 70% of the company’s new borrowers have been referred by an existing customer. Anchor was listed on the Inc. 5000 List of Fastest Growing Private Small Businesses in the United States for the past two years and is the first fix-and-flip lender to raise more than $ 1 billion in credit in a single year and has remained an industry leader, funding more than $ 1 billion in fix-and-flip loans every year since 2016. https://www.anchorloans.com.
SOURCE anchor loan