Investment firm Pretium has acquired the leading fix-and-flip lender Anchor Loans LP from affiliates of Wafra Capital Partners Inc. and other owners. The terms of the deal were not disclosed.
California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. To date, it has originated more than $10 billion – 95% of them to borrowers who have completed more than 40 projects, the company claims.
Don Mullen, CEO and founder of Pretium, said the deal improves the investment firm’s private capital solutions to the U.S. housing market during a shortage details ⇒
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