Eric Gangloff

Summit Investment Services lends money to companies which have real estate to use as collateral for fast, efficient and cost-effective short-term commercial loans, ranging in length from six months to three years at competitive interest rates.

The Summit Companies started with Summit Alternative Investments, LLC, (SAI) founded in early 2007, which was initially created to match investors interested in consumer loans with a private investment fund we founded, the Summit Consumer Receivables Fund, L.P. (SCRF). SAI’s current focus is prime and near-prime credits for delivered products and services across a variety of industries including home improvement, elective medical, jewelry, appliances, and many others, acquired through both smaller to medium-size existing portfolios of receivables, and “forward flow” programs focusing on originating new consumer loans with our clients. Summit Investment Services, LLC (SIS) was founded in 2012 with the goal of matching larger, more sophisticated and typically institutional investors with larger portfolios of consumer receivables on a “managed account” basis, managing the sourcing, pricing and acquisition process, and also the loan servicing and collections of the portfolios. SIS has also helped our clients by performing consulting services in the consumer finance space, and has worked with multiple clients to help them source larger commercial loans and lines of credit. Most recent, SIS engages in private lending to companies with real estate holdings. Summit Investment Management, LLC (SIM) was founded in December 2010 when Atul Minocha, the inventor of the VIXEK model, met Eric Gangloff who conceived the idea of leveraging the VIXEK model by creating a trading algorithm to use VIXEK to generate above-market investor returns in a private investment fund format. SIM launched two private investment funds on January 1, 2013, and is building an exciting track record. At the end of December 2013, Summit Investment Services exercised an option to acquire AmeriFirst Home Improvement Finance Company, Inc. creating a loan servicing, collections and origination platform that increased Summit’s ability to add value for its consumer finance clients.

Sierra Angels (SA) is a prominent Angel Investment Group based in incline Village, Nevada. Former member of the SA Selection Committee which selects the companies which present their business plans to the Angels, and the SA Executive Committee which makes policy decisions impacting SA and selects new members.

In December 2016, SAF was founded as the holding company for both the Summit Consumer Receivables Acquisitions, LLC bulk consumer loan portfolio acquisitions business, and the AmeriFirst Home Improvement Finance, LLC loan origination and consumer loan servicing businesses. SAF is headquartered in Reno, Nevada. The origins of SAF and its family of Companies dates to 1979, with the creation of the consumer finance arm of the Pacesetter Corporation, which eventually became AmeriFirst Home Improvement Finance (“AmeriFirst”, www.trustamerifirst.com), which originated and serviced over $2 billion of consumer home improvement loans. SAF’s “bulk” consumer loan portfolio acquisition business took place under Summit Consumer Receivables Acquisitions, LLC (“SCRA”). SCRA was founded in 2016 to continue the Summit companies’ portfolio acquisition legacy from its predecessors Summit Investment Services, LLC and Summit Alternative Investments, LLC, which acquired consumer loan portfolios since 2007 and together have sourced well over $1 billion in acquisitions. SAF Holdings, LLC (“SAF”) delivered exceptional value to clients and partners by leveraging the experience gained from many years of sourcing, originating and servicing over $3 billion of consumer unsecured and home improvement loans and portfolio transactions. The SAF team had deep experience with developing consumer finance programs, servicing consumer loans, assisting in consumer loan portfolio acquisitions for a variety of product verticals, and performed financial data analysis and modeling. In July 2022, SAF Holdings, LLC and its subsidiaries were successfully sold to First National Bank of Omaha, the country's largest privately owned bank.

Summit Consumer Receivables Acquisitions, LLC (“SCRA” or “Summit”) was founded in 2016 to continue the Summit companies’ portfolio acquisition legacy from its predecessors Summit Investment Services, LLC and Summit Alternative Investments, LLC, which have been acquiring consumer loan portfolios since 2007 and together have sourced well over $1 billion in acquisitions. SCRA’s business model included the purchasing and divesting of consumer receivables from banks, finance companies, originators and other investment entities. Summit partnered with organizations that invest in or are interested in investing in pools of consumer receivables in a variety of asset classes. Summit had special relationships with traditional banks, both captive and third-party finance companies, seller-originators, and investment banks to name a few, which had either originated consumer loans, acquired ongoing new “flow” originations, or invested in existing “bulk” consumer loan portfolios of performing and/or non-performing consumer receivables. As part of its business model, SCRA also purchased assets for its book of business, co-invested on a syndicated basis, or sourced assets for clients. Summit also aided clients strategically to divest or invest in any class of consumer receivables, whether it be to exit an asset class or to rebalance a portfolio. Headquartered in Reno, Nevada, SCRA was part of the SAF Holdings, LLC family of Companies. SAF Holdings, LLC (“SAF”) also owned AmeriFirst Home Improvement Finance, LLC (www.trustamerifirst.com), which originates new home improvement loans, and services a wide variety of consumer loans. SCRA was a leader in the consumer finance industry in assisting clients with analyzing, purchasing and selling consumer loan portfolios. In July 2022, SAF Holdings, LLC and its subsidiaries (including SCRA) were successfully sold to First National Bank of Omaha, the country's largest privately owned bank.

AmeriFirst Home Improvement Finance, LLC was an Omaha, Nebraska-based company that provided “indirect” financing to consumers through a network of retail merchants. A forty-plus year-old company and leader in the home improvement finance industry, AmeriFirst was acquired from its founding family in 2013. AmeriFirst was a specialty finance company focused on leveraging the experience gained from over three decades of originating and servicing over two billion US dollars of home improvement loans. With its genesis as a captive finance company for a leading home improvement contractor, AmeriFirst had a unique understanding of the home improvement industry as well as other industries including retail finance such as furniture, appliances and jewelry, elective medical procedures, spas and other financed consumer products. AmeriFirst performed its financing one consumer application at a time, utilizing state-of-the-art credit approval mechanics, electronic “instant decisioning” approvals and e-signature technology. In sixty seconds or less, the transaction can be approved, executed and the documents delivered. In July 2022, SAF Holdings, LLC and its subsidiaries (including AmeriFirst Home Improvement Finance, LLC) were successfully sold to First National Bank of Omaha, the country's largest privately owned bank.

AmeriFirst offered innovative loan servicing and billing solutions. With over 40 years of experience as a company servicing consumer receivables, we thrived and expanded to include the servicing of second mortgages, home improvement loans, solar, HOA, business, timeshare, and other various asset classes. With cloud-based technology and experienced staff, we have been able to reach beyond client expectations. To provide client value, we offered loan servicing solutions that clients designed to meet their strategic objectives. Clients could choose from a variety of service options and reporting formats to meet their needs. With a growing client list, expanding assets classes and our drive for growth, we continued to capture the attention of the market for consumer loan servicing. As a tech-enabled loan servicer, AmeriFirst provided loan servicing solutions for a variety of assets classes by utilizing technology to exhibit portfolio insights to increase performance. With a secure and reliable cloud-based platform and a team of experienced professionals, AmeriFirst offered servicing solutions to meet the unique needs of each client. Whether timeshare, HOA, solar, home improvement, or other asset classes, talented professionals and technology combined to offer billing, processing, and analytics to enable clients to meet their strategic objectives. Our extensive experience in loan originations made AmeriFirst Servicing a more valuable partner vs. our loan servicing competition. In July 2022, SAF Holdings, LLC and its subsidiaries (including AmeriFirst Servicing) were successfully sold to First National Bank of Omaha, the country's largest privately owned bank.

Alternative Debt Portfolios, LLC manages a private investment fund (i.e., Hedge Fund), Alternative Debt Portfolios, L.P. which was closed to new inevstors in December 2006.

Magna Cum Laude