#USA #Grand Prairie #Pretium #JPI #Anchor Loans

Anchor Loans Takes a Bold Step into Multifamily Lending

Anchor Loans, a prominent name in private real estate lending and majority-owned by Pretium, has officially stepped into the multifamily lending sector with a noteworthy $94.6 million construction financing deal. This breakthrough comes from a partnership with well-regarded multifamily developer JPI and targets the construction of a 439-unit Class A residential community in Grand Prairie, Texas.

This partnership signifies not just a transaction, but also Anchor's strategic entrance into a new market segment that aligns with Pretium's commitment to expanding its investment portfolio. The development is nestled within the flourishing Dallas-Fort Worth metropolitan area, an area known for its robust real estate growth, making it an ideal location for such an enterprise.

The financing secured will fund not only the construction but also the stabilization of the project, referred to as the Jefferson Southwest Parkway. Anticipated to be completed by 2027, this multifamily community will include a variety of living spaces ranging from studios to three-bedroom apartments. An impressive suite of amenities is also planned, which will include a resort-style pool, fitness center, community clubhouse, and even a dog park for residents' convenience and enjoyment.

Located strategically between Dallas and Fort Worth, this community aims to provide easy access to major highways while also offering proximity to scenic walking trails at the northern edge of the site. This dual accessibility is expected to make the new properties appealing not only to future residents but also investors looking to capitalize on the growing demand for housing in the area.

JP Ackerman, the Chief Revenue Officer at Anchor Loans, remarked, "This financing reflects our commitment to supporting best-in-class developers who are delivering much-needed housing across this country. Launching our multifamily lending platform is a natural evolution of Anchor's business and aligns with Pretium's broader strategy to scale proven operating capabilities across new residential asset classes."

The partnership with JPI, a nationally recognized multifamily developer with over 35 years of experience and more than 120,000 units delivered in significant U.S. markets, further solidifies the strength and reliability of this venture. Anchor’s decision to enter into this sector not only provides a much-needed boost to local housing markets but also illustrates a broader trend within the real estate lending landscape where opportunities are evolving alongside demographic shifts and economic needs.

About Anchor Loans: As a Pretium-owned company, Anchor Loans has funded over $22 billion in loans to date, catering to the needs of professional real estate developers, investors, and homebuilders. Their services span direct, broker, and institutional lending channels, supporting various facets of housing development from renovations to new construction.

About Pretium: Founded in 2012, Pretium is a dynamic investment firm, focusing on residential real estate and credit markets in the U.S. With around $60 billion in assets and a dedicated workforce across multiple global offices, Pretium is well-equipped to leverage investment opportunities that arise from economic changes and market inefficiencies. Together with Anchor Loans, they aim to make impactful strides in the housing sector.