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Direct Lender for Residential Real Estate Investors
With over $8 billion in total life-to-date loans funded, Anchor became the industry’s first to lend over $1 billion to fix-and-flip investors in a calendar year in 2016 and remains an industry leader, providing over $1 billion in fix-and-flip financing every year since.
Operating since 1998, and now lending in 47 U.S. states and D.C., Anchor Loans has become a leading fix-and-flip lender by providing real estate investors with quick, dependable and flexible financing options for their fix-and-flip investments.
We work with you to finance your investment whether you are going to flip it or build and sell a new construction project. Anchor Loans provides financing for single family or 1-4 unit properties. Our rehab loan terms are 6-12 months.
Please note: we do not offer loans for land or owner-occupied homes.
Property Geographic Area Details
We offer residential rehab loans nationwide except SD, UT, VT.
$50,000 to $5,000,000
8% to 13%
1% to 5%
6 months to 18 months
- Investment Acquisition
- Improve Subject Property
- Value Add Project
Property Types and Loan Types
- Residential Property
- 2-4 Units Residential
- Single Family Residence
- Hard Money
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
Max Loan-To-Purchase Price80%
Borrower Must Have Property Under Contractno
Will Provide Proof of Funds Letteryes
Will Consider Lending on Purchase from Auctionno
Allowed Source of Borrower’s Equity
- Own Cash
- Equity in Another Investment Property
Rehab Value Add Loan
Minimum Number of Value-Add Projects Completed by Borrower0
Will Provide Funds for Renovation Costsyes
Max LTC for Renovation Costs80%
Interest Charged for Renovation CostsEntire Amount of Total Project Costs
Typical Number of Days for Funds Draw3
Maximum After Repair Value75.00%
Development Experience Requiredyes
Minimum Number of Ground-Up Construction Projects Completed by Borrower3
Max LTC for Ground-Up Construction Costs80%
Interest Charged for Construction CostsEntire Amount of Total Project Costs
Will Lend on Partially Completed Construction Projectsyes
Details and Requirements
Typical Closing Time (Days)7
Fastest Closing Time (Days)2
- Interest Only
Pre Payment Penalty
Will lend to a foreign national
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgageno
Will Consider Collateralizing Multiple Properties in One Loanno
Will Consider Equity Joint Venture
Borrower Entity Types Considered
- Limited Partnership
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) RequiredAlways
Credit Check Requiredno
Appraisal Required for Residential PropertyAlways Before Funding
Broker Price Opinion (BPO) Accepted for Residential PropertyNever
$0 to $0
Additional Relevant Licenses: Anchor Capital Partners, Inc: California BRE Corporation License #01980445, Anchor Nationwide Loans, LLC National NMLS license # 1401101, ANI State NMLS Licenses : Arizona Mortgage Banker License #0932197, Florida Mortgage Lender Servicer License MLD1315, Minnesota Residential Mortgage Originator License MN-MO-1401101, Minnesota Residential Mortgage Servicer License MN-MS-1401101, Nevada Mortgage Banker License 4295, Nevada Mortgage Broker License 4296, Nevada Supplemental Mortgage Servicer License 4430, Oregon Mortgage Lending License ML-5527, Idaho Mortgage Broker/Lender License No. MBL-2081401101
With over $8.5 billion in total life-to-date loans funded, Anchor became the industry’s first to lend over $1 billion to fix-and-flip investors in a calendar year in 2016 and remains an industry leader, providing over $1 billion in fix-and-flip financing every year since.
Operating since 1998, and now lending in 48 U.S. states and D.C., Anchor Loans has become a leading fix-and-flip lender by providing real estate investors with quick, dependable and flexible financing options for their fix-and-flip investments.
At Anchor we work with you to finance your investment whether you are going to flip it or build and sell a new construction project. Anchor Loans provides financing for single family or 1-4 unit properties.
With Anchor financing comes the dependability of a reputable, experienced lender for fix-and-flip and related hard money real estate investment financing, as well as the experience and expertise of a team that can help you manage your projects and your business successfully.
Our Real Estate and Mortgage Licenses:
Anchor Capital Partners, Inc: California BRE Corporation License #01980445, Anchor Nationwide Loans, LLC National NMLS license # 1401101, ANI State NMLS Licenses : Arizona Mortgage Banker License #0932197, Florida Mortgage Lender Servicer License MLD1315, Idaho Mortgage Broker/Lender License No. MBL-2081401101, Minnesota Residential Mortgage Originator License MN-MO-1401101, Minnesota Residential Mortgage Servicer License MN-MS-1401101, Nevada Mortgage Banker License 4295, Nevada Mortgage Broker License 4296, Nevada Supplemental Mortgage Servicer License 4430, Oregon Mortgage Lending License ML-5527 . Anchor Nationwide Loans, LLC (License No. 11946075) is licensed in Utah as a Mortgage Entity License
NMLS ID #1401101, CA DRE #01980445
Company Size (Number of Employees)
- California Mortgage Association
Office LocationsAnchor Loans, LP
One Baxter Way, Suite 220, Thousand Oaks, California 91362
Primary Capital Source
- Own Funds
- Debt Fund We Manage
- Bank Credit Line
Loan Structure for Majority of Loans
- Own Balance Sheet
Percentage of Loans Secured by Residential Property
Percentage of Residential Property Loans Which are Fix and Flip
Percentage of Residential Property Loans Which are Ground-Up Construction
Total Number of Loans Funded to Date
Total Loan Volume Funded to Date
2017 Number of Loans Funded
2017 Loan Volume Funded
2018 Number of Loans Funded
2018 Loan Volume Funded
2019 Number of Loans Funded
2019 Loan Volume Funded
VP of Loan Originations
As Vice President of Loan Originations for Anchor Loans, Lance Spencer currently leads the Company in residential and commercial real estate loan originations. With seamless support from his stellar customer service team, Lance has originated over $1 billion in loans for Anchor since January 2015, representing more than 7,700 total loans funded. Bringing extensive experience in real estate acquisitions with him to Anchor, including in-depth knowledge of valuation, project management and all aspects of construction scheduling, logistics and compliance, Mr. Spencer also trains and mentors all Anchor loan originators. Lance has a B.S. in Construction Management from CSU Long BeachLicense Information
NMLS - 882379
VP Loan Originations
As Vice President of Loan Originations for Anchor Loans, Shane Lex oversees and directs the origination, valuation and underwriting of residential and commercial real estate lending. Shane Lex is licensed as a loan originator in the states of Arizona, Florida, Nevada and Oregon. He joined Anchor Loans in 2006 and has personally originated over $1.5 B in loans since 2012. Throughout his career, Shane has developed strong business connections with a wide range of real estate professionals, to include residential private money lenders, real estate wholesalers, residential and commercial real estate agents and brokers, loan officers and mortgage brokers, escrow officers, real estate attorneys, general contractors, REO brokers, asset managers, and individual residential and commercial real estate investors. His expertise includes in-depth residential and commercial real estate investment analysis, residential and commercial real estate evaluation, direct loan underwriting, loan origination and all aspects of residential real estate acquisitions. Shane has a Real Estate Finance Degree from CSU Fullerton, College of Business and EconomicsLicense Information
NMLS - 1042366
CA DRE - 01780363
Ching Yu has over 14 years of real estate experience, and has originated loans with Anchor since 2004. He brings in-depth expertise in commercial and residential property valuation, acquisitions, loan originations, underwriting and construction scheduling and management. Ching Yu is licensed as a loan originator in the states of Arizona, Florida and Nevada. Ching strategizes with borrowers to provide loans tailored to their specific needs, and is dedicated to providing excellent customer service and creating long term client relationships. Ching has a BA in Criminal Justice from CSU Fullerton.License Information
NMLS - 1178664
Tom Taylor has over 11 years of experience as a loan originator, and has been with Anchor since 2011. A licensed Realtor with extensive real estate investment and lending expertise, Tom is committed to excellent customer service and maintains long-term borrower relationships with multiple referrals from satisfied borrowers. In addition to his work for Anchor Loans, Tom is also a licensed professional boxing referee, and he travels the world refereeing world title fights. In his spare time, he enjoys spending time with his wife and son, and is also passionate about his role as a volunteer with Habitat for Humanity and Cops 4 Kids.
Gregg Kennedy brings over 20 years of experience in real estate and 10 years as a loan originator to Anchor Loans. As an Anchor Loans Account Executive, Gregg is responsible for originating residential and commercial real estate lending for developers, lenders and investors. For over 20 years Gregg was an institutional sales trader on the New York Stock Exchange and Prudential Equity Group, covering domestic hedge funds, insurance companies, REITS and international broker dealers. He has extensive experience in real estate financing with an excellent track record of helping clients meet and exceed their goals. Gregg is a licensed NJ salesperson with a niche in construction funding and portfolio management. His extensive relationships include real estate developers, lenders, and investors.
David has originated loans with Anchor since 2014, and has hit the ground running as the head of Anchor’s Northern California office. In addition to his expertise in residential property valuation and construction budgeting, David takes pride in forging long-term relationships with borrowers, and is committed to helping his clients succeed. David is a licensed California real estate agent and, he is licensed as a loan originator (NMLS# 1568611) in the states of Oregon of Arizona, Florida and Nevada. He earned a Bachelor of Arts degree from Miami University, a Juris Doctor degree from Harvard University, and holds two (now expired) licenses to practice law in California and Nevada.License Information
NMLS - 1568611
CA DRE - 01977299
Alex Fuentes has originated loans for over 12 years, and has over 20 years of experience in real estate, and as a business consultant and sales professional. Alex offers expertise and experience in a variety of verticals and he prides himself on being a top performer. He credits his longevity and success to a combination of management, sales marketing and development experience–along with a commitment to unmatched customer service. His focus is on delivering growth in highly competitive business markets and he is passionate about helping businesses grow their bottom line and thrive.
Malcolm Henry is a customer-focused sales executive with 5 years of proven success in optimizing sales, marketing, and service excellence. Malcolm builds immediate rapport with clients and prioritizes positive, results-driven communications to produce long-term partnerships.
Arnell Howard is a dynamic communicator who thrives on providing an exceptional customer service experience. He loves nothing more than to build strong long lasting relationships with his borrowers–and his primary objective is to see borrowers have total and complete success. Arnell resides in the Sunny state of Florida with his wife, 5 daughters and 2 sons where they own and operate a salon that provides free makeovers to homeless women and children, sex trafficked victims and women of domestic violence. The Howards also hold a back-to-school event for under privileged children and families–with free haircut for the boys, hair styles for the little girls, book bags, school supplies, food and much much more.
Derrell Johnson has over eight years of experience as a loan originator, with in-depth expertise in credit and finance. A dynamic communicator with a reputation for excellent customer service, Derrell takes pride in forging long-term relationships with borrowers, and is committed to helping his clients succeed. Derrell uses his excellent skills in marketing to meet skilled investors and connect them with the financing needed to help their businesses grow. In his spare time, Derrell plays trumpet, composing scores for short films. He also serves as a volunteer with a music advocacy group focused on peace-building and social change, and as a tennis team dad for his daughter’s U.S.T.A. tennis team. Derrell currently resides in Atlanta, GA. with his wife, three children and their Frenchton, Boss.
Rich Rano has over forty-two years of experience in real estate and real estate lending. A dynamic communicator with a reputation for excellent customer service, Rich takes pride in forging long-term relationships with borrowers, and is committed to helping his clients succeed. Rich has built up a five-star reputation over the years and was awarded the Five Star Professional Award for the last 8 years in a row, featured in Seattle Magazine. Rich currently resides in Edmonds, just outside of Seattle, with his wife and dog.
Garrick Richardson brings more than fifteen years of progressive experience and expertise in leadership roles as well as experience as a valued team member within banking and residential mortgage lending. Garrick is a consummate professional with a proven record of achievement who delivers excellent customer service and has a strong understanding of residential and commercial valuations as a certified appraisal trainee. Garrick is an active, devoted and committed father of two, and in his spare time he enjoyes spending time with family. He is a big Carolina Panthers and Charlotte Hornets fan, and enjoys his hobbies.
Joshua Thompson holds a loan originator’s license in the state of Florida and has served as a loan originator since 2012, with a dedication to providing excellent customer service, integrity and a focus on finding solutions. Joshua is a strong communicator, out of the box thinker and problem solver. Born and raised in southern California, he enjoys traveling, hiking, competing in sports, weightlifting, and spending time with family and friends at the beach.
Jamela Wilkes has over a decade of experience in inbound and outbound sales. She is excited about real estate financing and specializes in self branding and building large customer bases. Jamela is excellent at building rapport and customer service. She has won numerous awards for customer service and sales volume, including the 2016 AT&T Summit Award. Jamela is from Saint Louis, MO where she lives with her two kids Mariah and Jeremiah. In her spare time, she enjoys writing, going to events, and listening to music. She is also a BIG movie buff and enjoys comedies as well as current event documentaries. A fun fact about her is that she loves to ice skate and is originally from Saint Paul, MN.
Shawn’s love of family is one of the reasons he chose the mortgage industry as a career back in 2007, originating FHA, VA, USDA and Conventional loans, before transitioning into the small balance commercial and investment property originations arena. Understanding that like him, others have goals and dreams for their families, he wanted to help them achieve their dream as well, especially, real estate investors. Over the years, Shawn has gained the knowledge, experience and expertise investors need to have confidence in his ability to help. From the first conversation, it will soon be very clear that you are NOT just another number to Shawn, but a real person, with real goals, dreams and aspirations for yourself and your family. From the start, Shawn is seeking to get to know you and understand your real estate investment needs, wants and goals. Armed with this information, he is empowered to offer the most appropriate mortgage solution, because over 12 years now, Shawn has developed in-depth expertise and analytical experience in the commercial and residential investment property space. A dynamic communicator with a reputation for excellent customer service, Shawn takes pride in forging long-term relationships with his clients and is committed to helping them succeed. Shawn’s goal is to provide his clients with the “WOW” factor experience from start to finish and beyond. A Maryland native, Shawn grew up primarily in Baltimore City and has since moved to Southern MD, the “DMV”. Shawn is a happily married, homeschooling father of five awesome children and he loves family centered activities. Performance tuning cars & trucks is just one of his many hobbies. He is also an accomplished musician, as a percussionist for the last 44 years.
I feel like I found my dream team at Anchor. I have five projects with them and closing on two more in the next couple weeks. They have been responsive and helpful with helping create a smooth flow. I continue bringing my projects there as they have truly earned my business. Thanks guys!
Donielle De Leon
This is an incredible group of caring people. It is nice to see a company who truly wants to give back. Many companies are looking at their profit margin, however Anchor Loans looks at the big picture. Anchor Loans made a large donation to our Santa Clarita Veteran Enriched Neighborhood. It is easy for companies to write a check, but Anchor Loans put their employee power behind their donation and brought out a large team to help build the homes of the brave. Thank you for your philanthropy and incredible spirit of giving back to those who have served us so freely.
Anchor Loans has been a strategic and integral part of my renovation business. They continue to be a reliable resource for capital. Unlike many others in the same space, I truly feel that Anchor is a strategic partner in the success of my business. If you need capital for a fix-and-flip project, I wouldn’t hesitate to work with them.
I have completed many flip loans with Anchor over the past 3 years but they just completed a 7.5MM bridge loan for me on a large rental portfolio in less than 45 days. I could not be more pleased with the rate, costs and results!
I have done a series of loans with Anchor. I can't how please we were with the process. Regardless of whether it is a simple traditional loan or a complicated transaction the process was extremely fast, efficient and they delivered on each and every term proposed for our loans. I have used other capital sources but i can say without hesitation, Anchor Loans is a first class, business friendly lender.
I have been working with Anchor for the last 9 years and have closed close to 100 fix and flip loans with them. Lance, Stephanie and the team are awesome to work with and have been there when we have needed them. I have closed deals as fast as two days with them. They work really well with investors that know what they are doing. Like anything else in life, you need to invest in the relationship to get the rewards back. Keep up the good work!
I have worked with Anchor Loans on nine purchases since 2017. They have always responded to my requests immediately and have worked with me to get the best deal possible. They are always very professional and easy to work with. My deals have all closed quickly and with no hidden or unexpected costs. I have recommended them to fellow flippers and will continue to do so.
Anchor Loans is by far the best Private Lenders I have dealt with. David Rubin and Ashley Quadri are such a great team and always very responsive .. The best rates and their customer service is really on point. Deals with a tight closing date and difficulties they will get the job done. Anyone that’s an investor, builder, flipper etc... should be working with Anchor loans period.
Tom Taylor and Bernice Merino are truly professionals of the industry. The customer service level they provide at Anchor Loans is above all else. Consistency, service and flexibility are just some of the reasons we do business with Anchor Loans... give them a try!
Our company has worked with Anchor for several years and I have found them to be one of the quickest lenders to turn around loan requests with whom I have worked. And once you close on a construction loan, their draw processing is quick and seamless. We closed 5 loans with Anchor in the past year alone and have not experienced any problems. Everyone with whom we work at Anchor is incredibly responsive, especially Shane Lex and Stephanie Lee.
Anchor loans has been a great partner throughout the years, Shane and his whole team are great professionals to work with and their vast knowledge of the business is a great help to all type of investors.
I have been working with Lance, Lorraine, Kimberly and Kristina for 2 years now and couldn't be happier. they get it, they get the rush urgency and speed needs and deliver for us every time ! thank you Team Anchor!
Our Minimum Loan Amount Is
What We Do
- Fix & Flip, New Construction Loans
- Residential & Multifamily Properties
- LTP up to 80% + 100% LTC
- 20% Cash Down Payment Required
- NO Prepayment Penalty
- NO 100% Financing
- NO Gap Funding or 2nd Mortgages
- NO Owner-Occupied Homes
- NO Land Loans
- NO Rural Areas