From Anchor’s CFO: As Your Company Grows, Be Sure to Offer This Surprising Top Employee Perk

In one of the tightest labor markets in a very long time, companies are looking for ways to attract and retain employees. Therefore, it should come as no surprise that many of the most attractive employers are making substantial investments in expensive and thoughtful perquisites. Employers looking to hire and keep premiere talent would be well served to include in their benefit packages the most valuable and cost effective perk – encouragement.


In an effort to out-do one another, cutting edge employers have raised the stakes in creative and enticing perks. In an article from Business Insider, Rachel Gissett identifies 30 “Incredible Perks” including:


  • 5 months paid leave for mom and/or dad plus an additional 8 weeks of paid medical leave for mom (American Express)
  • 6 days PTO to volunteer for a charity of choice and an annual stipend of $1,200 to donate to charity of choice (
  • Employer match on employee contributions to 401(k) of up to 8% (USAA)
  • Global soccer tournament between offices from around the world (Bain & Company)

These are expensive employee benefits (maternity/paternity pay could easily exceed $100k for some higher level employees). Yet, they are also very strategic – designed to promote those things which are mutually beneficial to the employee and the employer (commitment to family, giving back to the community, savings, team building and fitness).


Perks like these are outstanding and those employers should be applauded. However, research has found that the things most important to employees are tied to encouragement. In an article in Inc., contributor Issie Lapowsky listed the 10 things employees want most in a job and two of them are related to encouragement, (#1 and #6) and only one of them had to do with pay and benefits (#10). Employees want to know that what they do at work and how they do it matters. It is important for them to be convinced that they are important.


The amazing thing about this perk is that it does not cost the employer a penny. It does require a commitment from the top and buy-in from all who manage to be fully engaged in the practice of specific, genuine and consistent encouragement. The word encourage means “to give courage”; courage to take risk, learn from mistakes, be curious and go the extra mile. Withholding encouragement works in the opposite way – it robs employees of the confidence and resolve to excel.


Managers who find it hard to encourage are usually dealing with some of their own insecurities. If they were never (or rarely) encouraged, doling it out in generous portions will not come naturally. Many of those who are stingy in this area feel that telling someone they are doing a great job will engender complacency. It has been my observation that employees will be much more inclined to work even harder if they are acknowledged for their effort and contribution. In the unlikely event that you have an employee who responds to encouragement by dialing down the diligence, you have the wrong employee and you should fix that.


Companies that make significant financial investments in employee perks are usually effectively encouraging their employees. There is a connection between the value management places on employee morale and a sincere commitment to encouraging employees – it is unusual to find one without the other.  Obviously there are a number of ways to employ a resolve to foster an environment of affirmation and each company needs to find those that work for them. At Anchor Loans, we have incorporated a number different tools to cultivate a culture in which employees are regularly reminded of how they are making a difference here. We encourage our employees to encourage one another publicly (we post on our Kudos wall, expressions of appreciation for a job done extraordinarily well). We honor an employee of the month publicly. We give managers a monthly budget to be spent on team building events.


It would be full-on naiveté to think that you can attract and retain exceptional employees with encouragement alone. It is just part of the compensation package. What you give employees sends them a clear message regarding how you value them. Think of words of encouragement as a safe. It helps ensure that the financial investment you have made in your employees is not taken by someone else.


Bryan Thompson, Anchor Loans’ CFO, has over 20 years of finance and operations experience, including with mortgage firms. His expertise includes analyzing projections, creating annual budgets, raising capital and creating robust financial modeling.

Anchor Loans Surpasses $1 Billion in Loan Originations in Q3 2018

Calabasas, Calif., Sept. 4, 2018Anchor Loans, the nation’s number one hard-money lender to the fix-and-flip industry, has again exceeded $1 billion in loan originations in a single year. This is the third consecutive year Anchor has provided over a billion dollars of financing to real estate investors, and sets a new Q3 record for the company. Anchor’s loan fundings for the month of August surpassed $150 million, setting a new monthly record for Anchor and putting them on track for projected annual originations of 1.5 billion for the year.


“We are proud to have set this record for the third year in a row, now exceeding over $6 billion in originations since 1998,” said Stephen Pollack, president and chief executive officer of Anchor Loans. “We have maintained our leadership position in the industry for loan volume and we are thankful that our customers continue to recognize our true partnership as they build their businesses and investments.”


Anchor’s experience, relationships and proprietary Fintech platform continue to set the firm apart from other lenders in its ability to rapidly evaluate, underwrite and fund loans, usually 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.


About Anchor Loans

At Anchor Loans, we have brought borrowers and investors together for more than 20 years 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.

10 Reasons Real Estate Investors Use Hard Money Loans

10 Reasons Lenders Use Hard Money Loans


When investing in real estate, using hard money loans can bring significant benefits to your negotiations with the seller. Our team at Anchor Loans has great experience offering hard money loans to our clients, and within this latest post, we’ll explain 10 reasons to use hard money loans as an investor.


1) Faster close


Since hard money loans are designed to cut through the red tape of conventional financing, using hard money loans gives investors the ability to negotiate shorter closing timelines with sellers. Providing sellers with proof of approved funds lets them know you can expedite the transaction, edging out any competitors waiting the 30-45 days conventional lenders take to approve and release funds.


2) Limit dependence on credit


Property value and borrower experience drive the loan amount and terms of hard money financing, meaning hard money lenders will not judge an investor solely on their credit history when considering a loan application. The value of the real estate will be the key consideration.


3) Secure more properties


Hard money loans allow the investor to reserve their own capital as they secure more properties—conserving cash on hand to complete other projects. With the added leverage of hard money loans, investors’ funds aren’t all tied up in one project.


4) Cash-out refinance loans available


Investors can use hard money loans to do a cash-out refinance on the properties they own. This provides additional capital to fund all-cash property purchases, or to apply down payments on additional properties.


5) Avoid focus on bankruptcy


Some investors have difficulty getting new loans due to past financial issues, such as bankruptcies. With hard money loans, a past bankruptcy will not automatically disqualify a borrower, since loan approval will be based more on the value of the property.


6) Lenders offer advice


A hard money lender can also offer expert advice on the borrower’s real estate project. Since the safety of their loan is tied directly to the subject property, hard money lenders will have a vested interested in the success of the project.


7) Hard money lenders provide solutions


Hard money lenders are also more likely to be flexible than traditional lenders and can offer solutions to challenges investors encounter in the process of improving and reselling or renting their investment properties.  Hard money lenders encourage regular communication and transparency while the project progresses, to avoid any surprises and to provide solutions as soon as issues arise.


8) Tailored Loan Options


Hard money lenders can provide investors with loan options tailored to their specific needs. Loan-to-Value (LTV), interest rate, points, and term lengths can all be adjusted on a case-by-case basis. Hard money lenders can also give investors the option to bring cross properties they own as additional collateral to meet LTV requirements.


9) Stronger negotiating position


A hard money loan gives the investor a stronger negotiating position when competing with other property investors. A hard money loan can be considered a more reliable source of funding than conventional bank financing.


10) Quick approvals


Hard money loans can be approved in as little as 3 to 5 days. Traditional loans can take up to 45 days to receive approval.



Our team at Anchor Loans is here to guide you in choosing your property financing options. To learn more, call us today!

Anchor Loans Recognized on 2018 Inc 5000 List

Calabasas, Calif., Aug. 15, 2018 – Anchor Loans has been selected for the 2018 Inc. 5000 list of the fastest-growing private companies in America. The magazine Inc. 5000 posts an annual list that recognizes the nation’s greatest and most inspiring entrepreneurs.


Each business selected is ranked from #1-5000 on the list. Factors such as 3-year growth and revenue determine ranking. This is Anchor Loans’ first year on the list, and the company is ranked No. 886.


Inc. 5000 honors U.S. entrepreneurs who are creating companies, value and jobs. This recognition provides nationwide exposure for Anchor Loans and broadens the public’s awareness of the financial services provided and the team of experts behind them.


Inc. 5000 was founded in 1979 and is based in New York City. The elite list has included companies such as Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle, and over the years.


About Anchor Loans

At Anchor Loans, we have brought borrowers and investors together for more than 20 years 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.

Three Market Indicators Fix-and-Flip Investors Should Watch


Fix-and-flip investing is no casual money-making scheme. It takes careful planning and foresight to succeed in every step, from purchasing your property, to renovation, to the eventual resale of your investment property.


Understanding the market conditions that help lead to a “sold” sign is key to getting the best return on your investment. Here are three market indicators that will help you better assess whether it’s the right time to start your fix-and-flip investment project.


1) Population Movement


It’s critically important to understand population trends in your target market. After all, the end goal of every fix-and-flip investment is the “flip” — selling your renovated property to a new buyer.


Finding a buyer depends greatly on the number of potential home buyers in your area, and understanding how many people are entering or exiting your market will help you determine whether or not it’s a good time to invest.


The U.S. Census Bureau offers in-depth information on population trends around the country, including a recent study on the fastest growing cities in the United States.


2) Economic Strength


A second indicator of the potential quality of your fix-and-flip investment is economic strength. If your local economy is going strong, there is a good chance potential home buyers will be more willing to make a home purchase in the near future. A shrinking economy, however, likely means a weaker real estate investment market will follow.


A related indicator is the relative economic diversity of an area. A city or region’s local economy will tend to be much stronger if it includes diverse industries, but cities that bank on one industry tend to be very vulnerable. WalletHub recently explored the most and least economically diverse economies in the country. Examining their data could help you determine if your area is ripe for investment.


3) Construction Trends


Construction and construction spending represent the third indicator fix-and-flip investors may want to monitor. Increased construction spending can mean a short supply of housing in a given market, and closely monitoring construction trends can give fix-and-flip investors a better understanding of the true inventory available in their markets.


The U.S. Census Bureau supplies detailed information on both new construction permits and how much construction companies are spending on new residential construction on a quarterly basis. Keeping an eye on this data could give you a better idea of what sorts of houses your potential buyers are looking for and whether they may be interested in a new home or a newly renovated property.

9 Questions About Hard Money Loans

Anchor Loans FAQs about hard money loans


Hard money loans are an ideal option for successful real estate entrepreneurs who might not meet the requirements for traditional bank loans. Anchor Loans has more than 20 years of experience in fix-and-flip and rental property financing, and with our latest post, we’re highlighting nine questions real estate investors may have about hard money loans.


1) What makes hard money loans unique?


While conventional loans are based on the borrower’s income, credit, and other assets, hard money loans are based mainly on the value of the property to be renovated. This real property value (a “hard” asset) gives hard money loans their name.


2) Will I need to put money down?


In most cases, you will be required to have a cash down-payment as part of the loan structure. Your prior experience with fix-and-flip properties and the individual project will affect the amount of your down payment.  The down payment requirement typically ranges from 15-20 percent.


3) What is the interest rate for a hard money loan?


As with most real estate loans, the interest rate for hard money loans varies according to the lender and the current market conditions. Anchor Loans’ interest rates generally fall between 8.00% -13.00% depending upon the property location and type, and the borrower’s level of experience.


4) What is the typical loan-to-value ratio?


Typically, the loan will not exceed 70% of the “after repaired value” or ARV. Anchor’s in-house valuation team determines a property’s ARV.


5) How long is the loan term?


Most loans provided by Anchor Loans are for less than one year with an option for paid extensions at Anchor’s discretion. Anchor Loans also offers three- and five-year term loans with our rental loan program.


No matter how long the term is, it’s generally best to pay back your hard money loan as quickly as possible to fully realize the value of your investment. Anchor does not charge a prepayment penalty on fix-and-flip loans, but rental loans may have a prepayment penalty.


6) What is the origination timeline?


For approved borrowers, loans on single family homes can be approved within 72 hours of application. Anchor Loans can fund rush loans in is as little as 48 hours, but the normal expected funding time is 5 to 10 business days.


7) How important is my credit rating?


While your credit rating will be considered during the loan application process, it won’t be as important as if you were applying for a traditional bank loan. Anchor Loans prefers a minimum 620 credit score, but it can be lower on a case-by-case basis.


8) What are the costs to consider?


Lender costs include an origination fee (typically 1-3 points), loan fee, and evaluation fee.  Third party costs may include title and escrow fees.


9) Is financing available for repairs?


When financing repairs, Anchor Loans establishes a “holdback” account from which money is dispersed to cover repair costs. If a borrower chooses to fund their own repairs, Anchor Loans will verify that the borrower has the funds to do so.


In a holdback situation, Anchor Loans will fund the money for repairs into an escrow account. The borrower completes the repairs, then submits a request for reimbursement. Anchor Loans will inspect the property and confirm the work has been done, disbursing the money for the repairs once verification is complete.


Do you have more questions about hard money loans? Our team at Anchor Loans is here to answer your questions about real estate investment financing, fix-and-flip lending, and how you can get involved. To learn more, call us today.

Five Book Recommendations from Anchor Loans


Reading is one of the most beneficial things you can do in your free time. Sitting down with a good book reduces stress, expands your vocabulary, improves your memory, boosts your writing skills, and generally makes you a stronger, more well-rounded person.


Here are five recommended books, which members of the Anchor Loans staff have found to be useful in their business and personal lives.


Deep Work by Cal Newport


“Newport’s book opened my eyes to more efficient and productive ways to create more meaningful project results.” – Steve Pollack, CEO/President and Co-Founder


Good to Great by Jim Collins


“My whole approach to management changed after reading this book more than 10 years ago. Good to Great identifies what distinguishes great companies from good ones. The common qualities found in great companies centered around the character of their leaders and employees.” – Bryan Thompson, Chief Financial Officer


Who Moved My Cheese by Spencer Johnson


“This book is a great read about how to deal with change.”  – Maya Levin, Director of Financial Operations


Getting to Yes: Negotiating Agreement Without Giving In by Roger Fisher and William L. Ury


“I use this book virtually every day in my day-to-day life and business activities. It is about negotiation and is applicable in any scenario, not just legal or transnational matters.” – Pouyan Zivari, Legal Counsel


Man’s Search for Meaning by Viktor E. Frankl


“This is a really great motivational read on finding and fulfilling your purpose.” – Brittany Goodchild, Capital Markets Manager

5 Fix-and-Flip Basic Tips


If you’re thinking about getting into the fix-and-flip real estate game in the Santa Rosa Beach, Florida area, then the following pointers should help you get started.  In every market there are some different variables as well as some fundamentals that remain constant.  We are going to cover a few of each in the following paragraphs.


1)  Fix-and-flip is not a get rich quick scheme

There are many TV shows on cable today that make flipping homes seem like a very simple and extremely lucrative business or hobby.  This could not be further from the truth.  There is nothing easy about a successful fix-and-flip.  It takes knowledge, connections, hard work, and a little bit of luck for a successful house flip. One of the problems with some fix–and-flip investors in Santa Rosa Beach is they think that just because it’s beautiful and there are lots of investment properties, their place will sell quickly and for profit.  Do not expect to be able to find a property being sold way below market value that’s going to be simple to bring up to standard and sell for a huge profit.  There is more involved.  But, if you do your homework and plan properly, you can make a very good living flipping homes or condos.


2)  Work with a knowledgeable realtor

The Santa Rosa Beach, Florida real estate market has many different types of properties in a small geographic area.  Within 2 miles you can find a $10 million beachfront mansion, a  20-year-old double wide, and a torn up 3-bedroom single family home with good bones ready to be fixed and flipped. Working with a knowledgeable local real estate agent is key. An excellent local realtor will know precisely what is for sale, what has sold, and what will likely be selling in the future.  Your Santa Rosa Beach real estate agent can tell you how much they feel a property can sell for when fixed, and how long it should take to sell.  They will be able to find properties for you that meet your criteria the day they hit the market. Many times, well-experienced realtors will also come across “pocket listings” that do not get listed on the MLS.  Furthermore, realtors will know of listings before they hit the market and be able to relay this info directly to you.  Do not underestimate how valuable a qualified and experienced real estate agent can be.


3)  Understanding market trends and inventory

Just because you have found a quality realtor you like and trust, doesn’t mean you do not have to keep up with the real estate market yourself.  At the least, you should have a good understanding of the current real estate inventory.  This will also help you understand the market trends.  It is not uncommon for an investor to flip properties in numerous markets. Therefore, it is extremely important to realize that though they are relatively close to each other, the Santa Rosa Beach real estate market is different from the Seaside Florida market. Knowing the best times of year to sell in your market will help you plan the best times to purchase.  As you will see over and over, the more you read about the timing of flipping homes, owning the property for the shortest amount of time is crucial to your bottom line.


4)  Have more than one good contractor

The reason you should have more than one contractor is simple.  Every single day matters when doing a fix-and-flip.  If you purchase your property and you are ready to get started on the “fix” portion and your one and only contractor is busy, you’re going to have a problem.  It is possible for builders and contractors to be busy year-round, but they are likely to be swamped late winter and early spring because they’re getting ready for the busy season in Santa Rosa Beach, which is summertime.  Just picture if your contractor is going to need weeks or months before he can start work on your project.  This is why it’s crucial to have numerous relationships with contractors and subcontractors you can call on when needed.  When a few days can take a big chunk of your profits out of your pocket, you need to have things planned out and have backup contingency plans.


5) Have a good hard money financing option

Now you have found a property, have a contractor (more than one) and are working with a qualified local realtor.  However, there’s one more step missing.  Without being able to pay cash yourself, you will need a loan.  Typically, when you are doing a home flip, you get a different type of loan than when you’re purchasing your primary residence.  What you need is a hard money loan or a fix-and-flip loan.  You want to work with a lender that has been focusing on hard money loans for quite some time and processes many of them every year. The number one lender in the fix-and-flip space is Anchor Loans. Anchor has been lending for more than 20 years, funds over $1 billion to real estate entrepreneurs annually, and can fund loans within 5 to 10 days of borrower approval—even  faster for a rush project.


In conclusion, you should be starting to get an idea of what it will take to get started and successfully complete a  fix– and-flip.  Although this article merely breaks the surface, these tips should stay relevant for as long as you are flipping homes.  As was stated at the beginning of the article, some of these tips will help you get started, and some are fundamental.  Ultimately, the two work side-by-side.  Don’t forget things that you learn in the beginning and never get too smart to take advice from professionals about their niche.


Danny Margagliano is a Realtor and guest blogger and from in the Emerald Coast of Florida, more specifically, South Walton Beach. If you are in the market for your first fix-and-flip, vacation home or retirement home in the Santa Rosa Beach area, you can reach Danny at 850-830-4747.

Three Key Questions for Evaluating Fix-and-Flip Property

Evaluating Fix-and-Flip Property


Maximizing the return on investment is the goal of every fix-and-flip project. But how do you give yourself the best chance of making that happen? It comes down to picking a property that buyers will like while avoiding breaking the bank on improvements.

Here are three important questions that will help you make the right call on properties you’re considering for your next fix-and-flip investment.


1)  What does the property offer home buyers?


Visiting a property in person will give you the most accurate answer to any questions you’ll have about a given property’s condition, but you can also learn about these things online. If you have access to the local Multiple Listing Service (MLS), you can find detailed information there. If not, sites like and can be excellent sources for similar information. Other sites like Google Maps,, and can help you learn more about the neighborhood.


2)  What do recently sold comps reveal about what buyers want in a home and what they are willing to pay?


The MLS can be a great source of information on comparable properties recently sold in the area, as can other sites that aggregate MLS information for free public access. Take a close look at nearby properties that were sold in the past three months to get a good idea what buyers are looking for in terms of square footage, features, age and other amenities. Collect this information in a central location for easy reference as you consider a property.


3)  How does the subject property compare to comps?


Once you’ve compiled detailed information on the comparable properties in your area, compare the property you’re considering to that information. What needs to be done to bring your prospective property in line with the others in the area? Will you still be able to turn a profit after making improvements? If the project looks profitable on paper, prepare to visit the property in person so you can more accurately estimate its value.


To learn more about evaluating a property as a potential fix-and-flip investment, download our guide Evaluating Fix-and-Flip Property Value and Condition today. And when you’re ready to pursue your next fix-and-flip investment, contact us for fast, reliable funding for your project.


Three Reasons to Switch

Three Reasons to Change Your Fix-and-Flip Loan Provider


If you’re a fix-and-flip veteran, chances are you’ve worked with the same lender for most or all of your projects so far. But what if choosing a new lender could supercharge your fix-and-flip investments and increase your ROI?


Here are three reasons to consider making a switch to Anchor Loans for your next fix-and-flip project:


Anchor Loans is the nation’s number 1 fix-and-flip lender


If you’re going to get a fix-and-flip loan, why not go straight to the top of the industry? Anchor Loans is the first private direct lender to fix-and-flip investors to fund more than $1 billion in loans in a single year. We provided more than $1 billion in loans in 2016, more than $1 billion in 2017, and more than $5.5 billion since 1998.


A big reason for those eye-popping numbers is our commitment to providing unmatched customer service. More than 85% of Anchor’s customers are repeat borrowers who appreciate the seamless approval process, fast funding and decades of expertise that come with Anchor financing. Our clients are so happy with Anchor they refer friends and family. As a result, more than 70% of Anchor’s new borrowers are referred by one of our clients.


Anchor Loans Lets Data Drive Our Decisions


Every loan originated by Anchor Loans is carefully analyzed and considered from all angles, weighing data on market conditions, housing costs, cost of living, and a host of other factors. In short, we rely on numbers, never luck.


This data-driven approach leads to a high success rate for loans we originate and a very low default rate. Though real estate investing is never a guaranteed win, reading the data as well as we do definitely tilts the odds towards success.


Anchor Loans is Fast


Flipping properties is as much about speed as anything else, and with Anchor Loans, speed is on your side. We’re confident in our ability to turn loans around quickly. While a timeline of one to two weeks is typical, it’s not uncommon for our loans to be approved in as little as 72 hours.


Our fintech supports an easy-to-use portal where you can sign up for an account in under a minute and apply for fix-and-flip and rental property financing through a secure, guided process. With a few button clicks from an Anchor processor, your submitted loan request then goes into the approval queue. When all requirements are met, funds are wired within 24 hours.


If working with the best, most reliable, and fastest lender in the business sounds like the right move for your fix-and-flip investment, check out Anchor Loans. We’re excited to work with you.