Anchor Loans LP is a private direct lender to fix-and-flip investors with over $5.3 billion in loan fundings since 1998. Their rates range from 8% – 13%. They can lend up to 75% LTV and 70% ARV, and they can fund loans in 2-5 days. They have generally positive reviews on Facebook and Yelp.
|Business Name||Anchor Loans LP|
|Business Address||5230 Las Virgenes Rd. Suite 105, Calabasas, CA 91302|
|Business Established Year||1998|
Anchor Loans LP Rates & Terms
|Types of Properties||Single-family residence
|Loan Amount||No minimum and maximum amount indicated|
|LTV||Up to 75%|
|Interest Rates||8% - 13%|
|Lender Fees||Origination fee of 2%-4%|
|Loan Terms||6-12 months|
|Minimum Qualifications||Proven track record of at least 5 flips in the last 18 months
Investors are responsible to come in with at least 20% of acquisition costs.
Good credit is an advantage
|Typical Time to Funding||2-5 days|
|Other Financing Available||Purchase loan
Rehab fix & flip loan
Non-rehab bridge loan
New construction loan
Rental property loan
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
States Currently Lending In
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming