Anchor Loans names new chief capital markets officer

Executive is the founder of Civic Financial Services and Aperture Real Estate Ventures

Anchor Loans names new chief capital markets officer

Fix-and-flip lender Anchor Loans has tapped industry veteran Matt Miles (pictured) to serve as its chief capital markets officer.

Miles’ 20 years of industry experience includes time spent as a fix-and-flip portfolio manager and head of capital markets at California-based brokerage Sundae Inc and partner at Wedgewood, a real estate investment company. Before Wedgewood, he spent 13 years at RBS Securities (formerly Greenwich Capital), most recently as senior vice president of investment banking and principal finance.

Read more: Capture the next great fix and flip opportunity

Miles also founded Civic Financial Services, Wedgewood’s fix-and-flip lending subsidiary, and a proptech company (Aperture Real Estate Ventures) that developed proprietary analytics and technology for fix-and-flip investing.

“Matt joins Anchor in the middle of what will be another record year for originations and at a time when our scale and financial performance are providing us with expanded funding capabilities,” said Anchor CEO Andy Pollock. “His track record as both an entrepreneur, who founded two companies in the fix-and-flip sector, and as a seasoned capital markets executive, who has led hundreds of securitizations, financings and debt deals, make him an exceptional addition to the Anchor team.”    

Since its inception in 1998, Anchor Loans has financed more than $9.5 billion to fix-and-flip entrepreneurs. Recognized as one of the fastest-growing privately held companies by the Inc. 5000, Anchor claims to have funded over $1 billion in fix-and-flip loans every year.

 

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