Our Loans
Anchor's borrowers are experienced businesses or business people that purchase fixer uppers (rehab properties) below market value at foreclosure sales, from banks and other lending institutions, private parties, estates, etc. for the express purpose of repairing the property and reselling it for a profit. Our borrowers are experienced at sourcing real estate that can be purchased at a discount, fixing them up in a timely fashion and marketing them for resale. This level of experience is validated by the face that the typical time frame from purchase to resale is about 7-8 months. Most of our borrowers obtain loans from us on a repeated basis - using Anchor as their primary source of real estate related acquisition financing. Most borrowers are smaller company partnerships, such as a 2-3 person groups or a single developer with a crew.
Anchor Loans funds all types of non-owner occupied properties that meet our qualifications. The vast majority of our loans are on single family residences, duplexes and triplexes – but Anchor also lends on quadraplexes, apartments and commercial properties. Anchor Loans does not lend on owner-occupied properties.
Anchor's loans generally do not exceed 65% of the after repaired value (ARV) of the property securing the loan.
Anchor is one of the premier private money financiers in Southern California and borrowers come to Anchor because it has the ability to react quickly to loan requests and can underwrite and process a loan in a matter of days unlike a bank that often takes 45-90 days. Borrowers stay with Anchor because of the excellent service it provides along with other added value features that assist them in their business.