Executive to oversee company's early-stage market expansion
Arrival Home Loans (AHL), a mortgage startup offering a new “private money-backed mortgage product”, has named Simon Chen (pictured below) as its president and CEO.
Launched in 2022, Arrival provides homebuyers with a loan of up to 100% of the purchase price of their next home, secured by the equity in their existing home. Chen will lead all aspects of the company’s growth from early-stage market expansion to establishing a national footprint and developing strategic partnerships, Arrival said in its press release.
Most recently, Chen served as a managing partner at August Hill, a global advisory firm for startups and capital providers. He will stay on as an advisor at August Hill, Milestones Lab, and Twenty Five Ventures, as well as managing partner at The Century Pacific Group. Before August Hill, Chen held various executive roles at Anywhere Real Estate, Realty ONE Group, and realtor.com.
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“We’re confident that Simon can guide Arrival through its next phase of growth and beyond. I can think of no-one better than Simon to lead Arrival,” said Nam Phan, COO and board member of parent company Pacific Private Money, Inc.
“I’m thrilled to be leading such a great organization with a shared passion to dramatically improve the home buying and selling processes through private money solutions,” Chen said.
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