“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 Loans.
The transaction will provide Anchor with additional capital to meet the needs of the private lending marketplace and facilitate Anchor’s ongoing expansion into new geographies nationwide. Currently, Anchor originates mortgage loans in about 20 states and is on track to fund more than $1 billion in loans this year.
This week, Anchor Loans, provider of quick-bridge financing for non-owner occupied investment properties, announced the sale of a $100 million bond offering that will be managed by Aalto Invest US, the state-side subsidiary of Aalto Invest UK.