Anchor Loans | Private Direct Lender | First. Fast. Flexible.
Operating since 1998, and now lending in 44 US states (and counting), Anchor Loans is the first private lender to originate over $1 billion in loans in a single year. No private money lender has been around longer, or loaned out more money to the fix-and-flip market than Anchor.
When time isn’t on your side, we are. With superior customer service, proprietary technology and market expertise, Anchor moves quickly to close qualified deals within 7 days of borrower approval.
From single and multi-family residential to luxury and commercial, Anchor has the flexibility to structure financing for a variety of non-owner occupied property types.
- Loan Amounts: $50,000 to $20,000,000
- Where We Lend: All US States except ID, MN, MT, ND, UT, VT (as of 1/2018)
- Loan Types: Purchase, Refinance, Rehab, Construction, Rental
- Property Types: (Non-Owner occupied ONLY) Single-family residences, duplexes, triplexes, quadruplexes, apartments and other commercial properties
- LTC (loan-to-cost): up to 80% | up to 85% in California
- LTV (loan-to-value): up to 65% ARV | up to 75% in California
- Interest Rates: 9% to 13% | 8% to 12% in California
- Origination Fee: 2.0 to 4.0 points
- Loan Term: 6 to 12 months
- Lien Position: 1st only
- Payment: Monthly interest-only
- Minimum Credit Score: 620 minimum for rentals, No minimum for Fix and Flip loans
- No Pre-payment Penalty (except on rental loans)
- Brokers Welcome
Hard Money Loans Funded by Anchor Loans
Anchor Loans, LP (DBO Lic. No. 603K850) and its affiliate mortgage funds, such as Anchor Fund, LLC (DBO Lic. No. 6039679), Access Investment, LLC (DBO Lic. No. 6039678) and Anchor IRA Fund, LLC (DBO Lic. No. 603K851) are California finance lenders and brokers licensed by the Financial Division of the California Department of Business Oversight. Anchor Loans, LP’s General Partner, Anchor Capital Partners, Inc., is a real estate broker licensed by the California Bureau of Real Estate (BRE License #01980445). Anchor Nationwide Loans, LLC (License No. MLD1315) is licensed in Florida as a Mortgage Lender with Servicing Endorsement. Anchor Nationwide Loans, LLC (License No. BK-0932197) is licensed in Arizona as a Mortgage Banker. Anchor Nationwide Loans, LLC (License Nos. 4295 and 4296) is licensed in Nevada as a Mortgage Banker and Mortgage Broker.