Calabasas, Calif. (PRWEB) April 13, 2016
Anchor Loans, LP (“Anchor”), a leading provider of quick bridge financing for non-owner occupied investment properties, announced today a sale of a $100 million bond offering. The transaction establishes a mortgage backed securitization financing structure backed by loans originated and serviced by Anchor Loans, LP and its affiliates.
The facility, which was spearheaded by and will be managed by Aalto Invest UK Ltd. and its US-based subsidiary, Aalto Invest US, Inc., provides Anchor with additional available capital to meet the needs of the private lending marketplace and facilitate Anchor’s ongoing expansion into new geographies nationwide. Anchor currently originates mortgage loans in about 20 U.S. states and is on track to fund more than $1 billion in loans this year.
“This was truly a team effort by everyone involved. We believe that this is the first of its kind type of offering in the fix-and-flip finance sector and should pave the way for needed access to capital to help drive the American economy,” said Stephen Pollack, President and co-founder of Anchor. Derrick Land, head of Aalto Invest in the US commented: "We are excited about the continued growth of the capital markets in this asset class and the Anchor Loans platform and we appreciate the opportunity to provide value-adding financing in this market segment.”
About Anchor Loans
Anchor Loans has been profitable every year since its founding in 1998 and has shown exceptional performance for its entire history – especially through the real estate downturn and housing crisis of 2008-9. To date, Anchor has originated more than 12,000 short-term loans totaling over $3.17 billion; this includes $713 million in originations in 2015 and a 2016 pace of $1 billion. Anchor Loans’ experience, relationships and proprietary Fintech platform set it apart from other lenders in its ability to rapidly evaluate, underwrite and fund loans, typically in as few as 5-10 business days. For more information please see http://anchorloans.com/about
About Aalto Invest
Aalto Invest is a value-focused investment firm with a deep fundamental approach to investing. With offices in Charlotte, NC and London, England, Aalto Invest manages $1.6bn of assets on behalf of pension funds, insurance companies and family offices. Alongside US residential debt investments, Aalto Invest manage a portfolio of over 3,000 high quality US single family home rentals in 14 MSAs. For more information please see http://aaltoinvest.com/about-aalto/ or contact investorsolutions(at)aaltoinvest(dot)com