PRESS RELEASE
Pretium Acquires Anchor Loans to Deliver Enhanced Capital Solutions for Homebuyers Furthers Pretium's Mission to Provide Solutions for U.S. Housing Market Through Diversified Platform Meets Growing Residential Real Estate Needs by Providing Loans to Upgrade Aging Homes Positions Anchor to Drive Innovation and Enhance Service Capabilities
NEW YORK, Nov. 2, 2021 /PRNewswire/ - Pretium, a specialized investment management firm with approximately$30 billion in assets, today announced that it has acquired Anchor Loans LP, the nation's leading provider of financing to residential real estate investors and entrepreneurs, from affiliates of Wafra Capital Partners Inc. and other owners. Terms of the transaction were not disclosed. Founded in 1998, Anchor Loans was the first institutional lending platform built to serve the diverse financing needs of professional residential real-estate investors. Over the last two decades, Anchor Loans has grown to become the nation's leading capital provider to experienced residential real-estate sponsors through its bridge and construction products. Anchor Loans serves a professional customer base where 95% of loans are made to established borrowers who have completed more than 40 projects. To date, Anchor Loans has originated more than $10 billion in loans – more than any other lender of its type. "As we continue to experience a dynamic housing market defined by a growing shortage of total housing supply and an insufficient stock of move-in ready homes, we are seeing a significant increase in the investments required to upgrade today's aging homes and modernize our infrastructure," said Don Mullen, CEO and Founder of Pretium. "Pretium was formed with the goal to solve the shortage of housing in the U.S. and, today, is contributing to our local communities by creating attractive rental homes, offering capital solutions to homebuyers, and now providing loans for residential realestate investors and entrepreneurs. Andrew Pollock and the Anchor Loans team are leaders in this industry, and we look More Information, Contact: forward to partnering with them to continueFor providing private capital solutions to the U.S. housing market."
info@arixacapital.com | (310) 905-3050 | https://www.arixacapital.com/
Pretium Acquires Anchor Loans: Continues on pg. 40
December 2021 Originate Report 39
