With $200 million of committed capital and growing, 1803 Capital will be a strong player in the auto finance space.
NEW ORLEANS (PRWEB) March 23, 2018
National Auto Finance is becoming 1803 Capital, LLC. It is led by the five principles of the company: Patrick Ghere - Chairman/CEO; Eric Wallis - COO; Richard Boyce - EVP, Director of Risk and Servicing; Scott Friedman EVP, Director of Capital Markets and Banking; and Larry Verges - CFO. With $200 million of committed capital and growing, 1803 Capital will be a strong player in the auto finance space.
The company is headquartered in New Orleans, LA and plans to grow from the 7 states that they are in now, to 40 states through controlled growth over the next 18-24 months. 1803 Capital will also be a third party servicer for other asset managers, Credit Unions, Banks, and other originators. The principals are veterans of each of these industries and have major backing. 1803 Capital looks forward to supporting the market and the roll out.