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Anchor Loans

Anchor Loans

Anchor Loans is a leading nationwide private lender specializing in fast, reliable fix-and-flip bridge loans, short-term bridge financing, and ground-up new construction loans for residential real estate investors.
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Anchor Loans

One Baxter Way, Suite 220, Thousand Oaks, California 91362
888-719-5299
info@anchorloans.com
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Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$8B+
Capital Deployed
23,500+
Properties Funded
1998
Year Founded
Anchor Loans, LP is a Thousand Oaks, California-based nationwide fix-and-flip lender founded in 1998. With 23,500+ loans funded and over $8 billion in capital deployed, Anchor was the first lender in the industry to fund over $1 billion in fix-and-flip deals in a single calendar year (2016) and has continued to top that milestone every year since. Operating with 150 employees and deploying exclusively own-balance-sheet capital, Anchor specializes in residential fix-and-flip, rehab-and-hold, and ground-up construction loans on SFR and 2-4 unit properties nationwide.

Where They Lend

Nationwide
48 States + DC
Anchor Loans lends on residential SFR and 2-4 unit properties in 48 states and DC - excluding South Dakota, Utah, and Vermont. Primary lending concentration in California (1,129 loans past 12 months), Georgia, North Carolina, Florida, Nevada, Texas, Arizona, Tennessee, and Washington. No rural areas accepted.

Loan Types, Structures and Terms

$50,000 to $5,000,000
Typical Loan Amounts
6 to 18 Months
Typical Terms
8.00% to 13.00%
Typical Interest Rates
1.00% to 5.00%
Typical Points
Anchor Loans offers Fix-and-Flip bridge loans, short-term bridge loans, and ground-up new construction loans on residential SFR and 2-4 unit properties - up to 80% LTP with no credit check, no prepayment penalty, and closings in as few as 2 days.
Fix-and-Flip
New Construction
Short-Term Bridge
Anchor Loans Fix-and-Flip bridge loans fund SFR and 2-4 unit residential projects up to 80% LTP and 75% ARV with no credit check, no prepayment penalty, 3-day draw turnaround, and closings in as few as 2 days nationwide.
Fix & Flip FeatureStructure & Terms
Project TypesSingle-family residences and 2-4 unit residential properties. Non-owner occupied only. No rural areas. No commercial, multifamily, or specialty property types.
Loan Limits & Terms$50,000 to $5,000,000 | 6 to 18 months | Interest-only, first-lien | No prepayment penalty
Rates & Fees8% to 13% interest rate | Origination 1% to 5% | No credit check required | Appraisal required before funding (borrower pays) | Personal guaranty always required
Leverage Ratios (LTC/ARV)Up to 80% LTP | Up to 80% LTC for renovation costs | Max 75% ARV | 20% minimum cash down payment required | Interest on entire project costs (not draw balance)
Structural AdvantagesNo credit check. No prepayment penalty. Closes in as few as 2 days. 3-day draw turnaround. No cap on simultaneous projects. Proof of funds letters available. Industry leader - first lender to fund $1B+ in fix-and-flip in a single calendar year (2016), consistently funding over $1B annually since.
Anchor Loans Ground-Up Construction loans fund residential new builds on SFR and 2-4 unit properties nationwide at up to 80% LTC, with 3-day draw turnaround and no prepayment penalty - minimum 3 prior construction projects required, reviewed case-by-case.
Construction FeatureStructure & Terms
Project TypesSingle-family spec homes and 2-4 unit residential. Ground-up new construction evaluated on a case-by-case basis nationwide. Partially completed construction projects considered. No commercial, multifamily, or rural properties.
Loan Limits & Terms$50,000 to $5,000,000 | 6 to 18 months | Interest-only, first-lien | No prepayment penalty | Interest charged on entire project costs
Leverage Ratios (LTC)Up to 80% LTC of construction costs | Reviewed case-by-case based on project scope, location, and builder experience | Minimum 3 prior ground-up projects required
Experience RequiredMinimum 3 prior completed ground-up construction projects required. Partially completed construction projects will be considered. Personal guaranty always required.
Structural AdvantagesNationwide coverage with 3-day draw turnaround. No prepayment penalty. Builders can model ground-up project timelines and budget variances inside FlipperForce's construction scheduling tools before submitting to Anchor.
Anchor Loans Short-Term Bridge loans provide fast-close capital for residential purchase and rehab-and-hold acquisitions on SFR and 2-4 unit properties nationwide - with no credit check, no prepayment penalty, and closings in as few as 2 days.
Bridge Loan FeatureStructure & Terms
Use CasesPurchase (as-is acquisitions), rehab-and-hold (BRRRR-strategy projects with planned rental exit). No gap funding. No 2nd mortgages. No owner-occupied. No rural areas.
Property TypesSingle-family residences and 2-4 unit residential properties only. Non-owner occupied. Vacant properties accepted. No condos, multifamily, commercial, or rural areas.
Loan Limits & Terms$50,000 to $5,000,000 | 6 to 18 months | Interest-only, first-lien | No prepayment penalty | Interest on entire project costs | Borrower equity source: own cash, partner, or equity in another investment property
Leverage Ratios (LTV)Purchase: Up to 80% LTP | 20% minimum cash down payment required | No 100% financing | No auction purchases
Structural AdvantagesNo credit check. No prepayment penalty. Closes in as few as 2 days. Proof of funds letters available. BRRRR investors can model projected DSCR and cash-on-cash returns in the FlipperForce BRRRR Analyzer before committing to the bridge, validating their rental exit strategy before closing.

Borrower Qualifications (Are you qualified?)

Anchor Loans qualifies borrowers based on the property, deal structure, and experience - no credit check required on any program. Full documentation required including tax returns, bank statements, and financial statements. Personal guaranty always required.
Qualification ParameterLender Requirements
Experience LevelsNo experience required for Fix-and-Flip programs (0 prior deals accepted). Ground-up construction requires minimum 3 prior completed builds. First-time investors are welcome on bridge and fix-and-flip programs - Anchor is known for working with investors at all experience levels.
Credit RequirementNo Credit Check Required. Anchor Loans does not pull credit or evaluate credit scores on any loan program. Qualification is based entirely on the deal structure, property, and borrower experience.
Income VerificationTax Returns, Bank Statements, and Financial Statements required. Unlike some hard money lenders, Anchor requires full documentation including loan application, tax returns, bank statements, and financial statements.
Entity RequirementIndividuals, LLCs, LPs, Trusts, and Corporations all accepted. Personal guaranty always required on all programs. Does not lend to foreign nationals. No 2nd mortgages or junior liens behind Anchor's senior position.

Underwriting Process (How long will it take to get approved?)

Anchor Loans underwrites in-house with a dedicated account executive team providing fast turnarounds - typical close in 7 days, fastest close in 2 days. No credit check required. Full documentation required including tax returns, bank statements, and financial statements. Appraisal required before funding.
Stage / RequirementProcess & Timelines
Initial ReviewSubmit loan application with tax returns, bank statements, and financial statements. Each borrower is assigned a dedicated Anchor account executive who manages the deal through closing. No credit pull required. Property does not need to be under contract before applying.
Property ValuationAppraisal always required before funding on all residential properties. BPO never accepted. Anchor's appraisal requirement ensures accurate asset-level risk management across their high-volume national portfolio.
Speed to CloseTypical close in 7 days; fastest close in 2 days on qualifying deals. Proof of funds letters available for purchase transactions.
Document ChecklistLoan application, tax returns, bank statements, financial statements, and property appraisal. No credit report needed. Property does not need to be under contract before application. 20% minimum cash down payment required.

Draw Process (How long will it take to get draws?)

Anchor Loans processes draw requests in approximately 3 business days. Interest is charged on the entire total project cost amount from funding - not just on drawn funds. Investors should factor this carry cost into their FlipperForce project budget when modeling overall rehab holding costs.
Operational StepMethodology & Timelines
Draw SystemReimbursement-based. Investor funds each completed phase of the rehab budget upfront, then submits a draw request for reimbursement. Interest is charged on the entire total project cost from day one - not just on funds drawn - so factor full carrying cost into your FlipperForce Project Budgeter.
Inspection MethodProperty appraisal always required before initial funding. Draw inspections are handled through Anchor's streamlined process. BPO never accepted - appraisal required for all valuations.
Funding TurnaroundDraw requests funded in approximately 3 business days from submission - one of the fastest draw turnarounds among high-volume institutional lenders. Critical for maintaining contractor schedules built in your FlipperForce project timeline.
Draw FeesStandard origination fees range from 1% to 5% of loan amount at closing. Confirm per-draw inspection fee structure directly with your Anchor account executive at application.