Calabasas, Calif. May 22, 2017 – Anchor Loans, the nation’s largest lender to the fix-and-flip industry, is now originating loans in over thirty states across the country. Since the beginning of the year, Anchor Loans has added Delaware, Kansas, Louisiana, Mississippi, New York, and Oregon to its portfolio, bringing the fastest and most reliable funding options to these new markets.
“We are exceptionally proud of our growth over the last several years,” said Stephen Pollack, Anchor Loans president, and CEO. “Recently, we’ve had some unprecedented success, including being the first company to lend over $1 billion dollars in a single year to the fix and flip market, and, this March, setting a company record by originating over 360 loans totaling more than $116 million dollars. It’s the perfect time for us to move into additional markets and expand our operations.”
The six additional markets bring the number of states Anchor Loans operates in to 35, and also include Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, Washington D.C. and Wisconsin.
Anchor’s experience, relationship and proprietary Fintech platform continue to set the firm apart from other lenders in its ability to rapidly evaluate, underwrite and fund loans, often in as few as 3 – 10 business days. All of this translates into what is now the nation’s premier direct-private lender to the fix-and-flip market with over 14,800 loans originated totaling more than $4.4 billion.
About Anchor Loans
At Anchor Loans, we bring borrowers and investors together to create mutually beneficial opportunities for all parties. We do this by specializing in the financing of rehab properties that contribute to the improvement of the neighborhoods where they reside. Because we know, understand and anticipate the needs of our clients, we offer the fastest and most reliable funding options on the market resulting in lucrative, honest and long-term relationships. By focusing our mission on these key areas, we continue to grow at a record pace, expanding into new markets and establishing ourselves as a leader in the lending sector for real estate investments.