Anchor Loans LP is a private direct lender to fix-and-flip investors with over $6.4 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.
Lender Information
| Business Name | Anchor Loans LP |
| Business Website | anchorloans.com |
| Business Address | 5230 Las Virgenes Rd. Suite 105, Calabasas, CA 91302 |
| Business Phone | 888-412-6246 |
| Business Email | info@anchorloans.com |
| Business Established Year | 1998 |
| Social Media |     |
Anchor Loans LP Rates & Terms
| Types of Properties | Single-family residence Multi-family residence 5+ units Commercial properties |
| Loan Amount | Minimum loan amount is $50,000 and maximum loan amount is $20,000,000 |
| LTV | Up to 75% |
| ARV | 70% ARV |
| Interest Rates | 8% - 13% |
| Lender Fees | Origination fee of 2%-4% |
| Loan Terms | 6-12 months |
| Minimum Qualifications | New investors must have an LLC. Experienced investors are eligible for pre-approval. Investors are responsible to come in with at least 20% of acquisition and rehab costs. |
| Typical Time to Funding | 2-5 days |
| Other Financing Available | Purchase loan Refinance 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.
Popular Hard Money Lenders 2019
Lender | Best For |
|---|---|
Investors who want competitive rates and fast funding for residential fix and flips | |
Landlords wanting to refinance or grow their rental portfolio | |
Short-term investors looking for a good residential fix-and-flip hard money loan option | |
Investors who want great customer service with a local bank feel from a 44-state lender | |
Fix and flippers who want an alternative to LendingHome, but with a commercial component |
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
