Anchor Loans, who provides financing to fix-and-flip entrepreneurs, welcomes Matt Miles, who will be the company’s chief capital markets officer. Miles brings more than 20 years of real estate capital markets experience to the position, according to a company release.
The newly appointed executive has a special focus on fix-and-flip lending and investment. Over the course of his career, Miles 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 investing, according to the release.
Miles joins Anchor from Sundae, Inc., where he was the firm's fix-and-flip portfolio manager and head of capital markets. Earlier in his career, Miles was a partner at Wedgewood, a diversified operating/real estate investment company. While at Wedgewood, he founded Civic, its fix-and-flip lending subsidiary.
“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,” Anchor Chief Executive Officer Andy Pollock said in the release. “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.”