Milo Funding is a residential lending company that provides financing to underserved families in working-class communities.
Our mission is to provide essential financing solutions to homeowners in underserved neighborhoods.

Milo Funding deploys capital to finance mortgages for single-family, owner-occupied homes in working-class communities. We are originating approximately $1 to $2 million in mortgage notes every month.

Overview

Milo Funding was founded to serve the Hispanic community in Texas, operating primarily in Houston, Dallas-Ft. Worth, and San Antonio. We offer accessible financial solutions that allow families achieve their dream of homeownership without becoming overextended. Diversity and economic inclusion are central to our business model. Our team leverages the power of relationships to meet borrowers where they are, providing the resources and support they need on the path to homeownership.

Experience

Our founders have been lending to this niche market for more than 25 years. We have extensive experience in finance and all aspects of the real estate industry. Our experience also includes working through strategic partnerships and affiliates in every aspect of the single-family home market, including fully-licensed residential mortgage loan origination and fully-licensed real estate brokerage.

Our Borrowers

Our target borrowers tend to be hard-working, middle-class families who are looking to achieve the American dream of homeownership. Historically, traditional financial institutions have overlooked lending to Hispanic communities due to cultural barriers, communication difficulties, and perceived lack of profitability.​ We believe that underserved communities should have access to affordable financing solutions.

Our Founders

Matt Donowho | Co-Founder

Matt has founded several successful real estate ventures, including Milo Funding. Matthew Donowho is also a founding partner of Ancorian, a real estate development company based in Houston, TX. Since 2015, Ancorian has $275M in projects completed or in development. He also brings two decades of experience in a variety of real estate ventures and private equity transactions in operating companies to the team. Matthew was a founder of, and remains a principal in, Morningside Funding, a residential investment fund that was vetted and approved by Fannie Mae to acquire residential real estate in bulk packages during the market shift in 2008. This led to an acquisition of over 1,400 homes in eleven states. Since inception, the initial equity investments in the fund have tripled with assets valued at over $110M. While many of the properties have been sold, there are still over 580 under management with a concentration in Arizona and Florida. Matthew’s real estate experience prior to Morningside Funding also includes the creation of Agile Funding, a lending company focused on assets in Texas.

Chris Thompson | Co-Founder

Chris is responsible for overseeing day-to-day operations as well as all financial functions of the business including accounting, financial planning, tax, and corporate strategy. He is committed to deploying sound financial practices that maximize long-term value for all stakeholders and promote business growth and continuity. In his more than 25 years of experience in global tax, accounting, and financial planning functions, Chris has established a reputation for building best-in-class teams and solutions that reduce overall tax expense and inefficiencies and achieve business growth. Chris was the Global Tax Manager for the Reservoir and Infrastructure Group at Schlumberger, leading global tax operations and planning initiatives for the more than $8 billion business in over 100 countries worldwide. He held similar leadership positions as Director of International Tax at Cameron International and Cooper Industries prior to this role. Before these positions, Chris became a CPA in 1996 and started his career in International Tax Consulting with Ernst & Young, LLP, advising many of the largest corporations in the world including General Motors, Ford, Caterpillar, Wal-Mart, and many others.