Anchor Loans is the nation’s #1 direct lender for multimillion-dollar real estate investments. We regularly fund projects up to $10 million. Our minimum loan amount for fix and flip is $50k.
The preferred minimum credit score is 650, but it can be lower on a case-by-case basis.
Our loans generally do not exceed 70% ARV (After Repaired Value). This amount can include purchase price, rehab costs and closing costs.
Our risk-adjusted interest rates range between 9% and 12%. Points range from 0.5% to 3%.
From initial application (to borrower approval and property valuation to funding), the expected funding time is one to two weeks. For a pre-approved customer, rush deals can be approved and funded in as little as two days, but most deals take approximately five business days to fund.
Anchor does not have an owner-occupied loan program. We lend to experienced real estate investors for the purchase, improvement and construction of non-owner occupied properties, including rentals.
Anchor lends in 48 states. We currently do not lend in Vermont or South Dakota.
Log in to your account and click your deals tab.
If your exit strategy has hit a bump, please be sure to contact your Anchor team before your loan maturity date arrives. An extension can be granted if payments are current.
Please email your request to payoff@anchorloans.com. Turnaround time for a payoff request is 24 hours, but is often completed the same day.
Email your completed draw request form to your Anchor team and an inspector will verify work completed on-site within 24 - 72 hours. Approved draw requests are wired within 12 - 24 hours. Click here if you need detailed draw request instructions and forms.
Please visit our careers page and scroll down the page to click on the department you are interested in. Job openings are listed by department and you can apply online. Please do not call regarding job openings.
