Anchor Loans Fix-and-Flip Borrowers Guide is Now Available

 

Interested in faster loan closings, lower risk, and growing your fix-and-flip business?  Get our free step by step Fix-and-Flip Borrowers Guide for driving ROI and growth.

 

According to real estate data cruncher RealtyTrac, the average return on investment for U.S. house flips grew from 20% in 2011 to 35% in 2015—with many markets averaging well over 100% ROI.  While you’ve enjoyed success through multiple rehab projects, you may find it challenging to fund the expansion of your proven business model—especially if the bulk of your capital is already tied up in ongoing projects with competing demands.

 

Fix-and-Flip Guide

  • Find out how terms, setup and structuring of hard money loans can advantage your business.
  • Compare the advantages of hard-money lending over traditional bank financing.
  • Find out which borrowers and projects lend themselves to hard money financing.
  • Understand the financing application process and borrowing requirements for hard money lending.
  • Learn how interest rate, term, loan-to-value requirements, time to closing, and points, fees and closing costs can differ between hard money and bank financing.

 

This guide includes real-world examples on how to improve your profit margins by taking advantage of loan options while focusing on delivering great properties.

 

Learn how to improve speed and ability to scale to significantly increase profit margins by managing multiple projects with lower risk.

 

Get your free copy of our Fix-and-Flip Borrower’s Guide and learn how to improve speed, scalability, and increase profit margins by managing multiple projects with lower risk.

 

Anchor Loans Surpasses $4 billion in Total Loan Originations to the Fix-and-Flip Market

 

As the nation’s largest direct private money lender to the “fix-and-flip” industry, Anchor Loans is pleased to announce that we have surpassed $4 billion in total loan origination volume since our inception over 18 years ago.  This milestone is in addition to crossing the $1 billion dollar mark for loans in a single year in 2016, which as far as we know is a first for our industry.

The Nation's Largest Lender to the Fix-and-Flip Industry

 

Given the extremely fragmented nature of lenders to the fix-and-flip market, where substantial numbers of small local firms fund between $5 million and $50 million per year, our attainment of over $850 million in assets under management is helping to significantly expand the number of loans we’re making, which already totals over 13,800.

 

Since 1998 we’ve shown exceptional performance, and 2017 looks to be no different.  Our experience, relationships and proprietary Fintech platform set us apart from other lenders in our ability to rapidly evaluate, underwrite and fund loans, typically in as few as 3-10 business days.

 

About Anchor Loans

With over 18 years of experience and $4 billion in total loans originations, Anchor Loans is the nation’s largest fix-and-flip lender.  In 2016 alone we originated over $1.1 billion in loans to the fix-and-flip market.  Interested in applying for a loan or getting a quick quote?  Just click here.

 

Looking for a flip-worthy house? Here are 6 “must haves” to consider

Finding the right house to fix-and-flip requires a variety of strategies and tactics ~ researching and canvasing your target neighborhood, looking for foreclosed properties, and leveraging your network of real estate agents or contractors to name just a few.

 

But what should you start to consider once you find a potential opportunity?  Below are a few highlights from Forbes and Trulia on “must-haves” for important rooms in the property:

 

1) Basements and attics – give serious consideration to passing on homes with big anticipated costs (e.g. crumbling foundations or bad electrical wiring)

 

2) Dining rooms – Focus on versatility and utility (be careful not to close out certain buyers because of a “too focused” design)

 

3) Kitchens – think big, but feasible (for example, where can and can’t you cost effectively knock out walls)

 

4) Bathrooms – think about adding or enlarging (most want at least 1 and a half)

 

5) Living spaces – finishing touches and small updates in foyers, dens, or living rooms to create clean lines can be just what you need

 

6) Living rooms – look for hardwood floors, and note that it may be hidden under that old carpeting

 

To read the full article and get additional great advice, click here.

 

About Anchor Loans

 

With over 18 years of experience and $4 billion in total loans originations, Anchor Loans is the nation’s largest fix-and-flip lender.  In 2016 alone we originated over $1.1 billion in loans to the fix-and-flip market.  Interested in applying for a loan or getting a quick quote?  Just click here.

 

 

WSJ Says House Flipping Makes a Comeback as Home Prices Rise

According to the Wall Street Journal, this is a great time to be in the house flipping business.  That’s because the number of investors who flipped a house in the first nine months of 2016 has reached levels not seen since the “pre-crisis” 2007 days.

 

One great indicator of this momentum? A third of all deals are being financed with debt, a percentage not seen in eight years.

 

Recognized in the article as one of the beneficiaries is our own Anchor Loans, which has received more than $220 million in new credit facilities and is on track to originate $1.1 billion in loans to real-estate investors in 2016, up from $713 million in 2015.  Anchor’s accomplishment in eclipsing the $1 billion loan origination barrier in a single year is an industry first, and yet another strong sign of the times.

 

All of this is a big change from the early days of the financial crisis, when big banks were reluctant to fund house flipping opportunities.  But with today’s improved market conditions and housing pricing, our CEO Stephen Pollack put it best, “For the first time in our history, we actually have enough money to lend.”

 

To read the full WSJ article, click here.

 

 

Anchor Loans Surpasses $1 Billion in Loan Origination Volume for 2016

 

As the nation’s largest direct private money lender to the “fix-and-flip” industry, we are pleased to announce that Anchor Loans has become the first lender in our niche to surpass $1 billion in loan origination volume in a single calendar year.  And there is still December yet to go! The one billion dollar threshold is more than just a milestone for our organization, as far as we know it is a first for our industry.

 

Given the extremely fragmented nature of lenders to the fix-and-flip market, where substantial numbers of small local firms fund between $5 million and $50 million per year, our attainment of over $850 million in assets under management and $1 billion in loan origination volume in 2016 is a significant achievement for our industry.

 

Since 1998, we’ve shown exceptional performance and 2016 is no different. Over the last 18 years we have originated more than 13,800 short-term loans totaling over $4 billion. Our experience, relationships and proprietary Fintech platform set us apart from other lenders in our ability to rapidly evaluate, underwrite and fund loans, typically in as few as 3-10 business days. To see the full press release, click here.

 

About Anchor Loans

 

With over 18 years of experience and $4 billion in total loans originations, Anchor Loans is the nation’s largest fix-and-flip lender.  In 2016 alone we originated over $1.1 billion in loans to the fix-and-flip market.  Interested in applying for a loan or getting a quick quote?  Just click here.

 

 

Anchor Loans – Meet Our CEO

In August we announced Stephen Pollack as our new Chief Executive Officer.  In his short time as our CEO, Steve has already overseen an expansion in our capacity to offer loans in more U.S. states (now over 20), helped us become the first fix-and-flip lender to originate over $1 billion in loans in a single year, and put Anchor Loans in a position to soon surpass $4 billion in total loan originations since our inception.

 

Our Chairman and former CEO, Jeff Lipton put it this way, “Steve is a pioneer and visionary in the fix and flip space and his understanding of the private mortgage industry is unsurpassed.  His leadership in building the team that has expanded our operations nationwide, and has grown our loan originations to over $100 million per month, which makes him a phenomenal fit for the CEO role.”

Stephen Pollack, CEO

 

Prior to becoming CEO, Steve was our President and helped grow Anchor Loans from an entrepreneurial start up in 1998 to the number one private mortgage lender in the nation.

 

With over 30 years of experience in real estate, his extensive knowledge of loan servicing procedures and information systems has been integral to the development of our proprietary workflow software—which sets us apart from other lenders in our ability to rapidly evaluate, underwrite and fund loans, typically in as few as 3-10 business days.

 

About Anchor Loans

 

With over 18 years of experience and $4 billion in total loans originations, Anchor Loans is the nation’s largest fix-and-flip lender.  In 2016 alone we originated over $1.1 billion in loans to the fix-and-flip market.  Interested in applying for a loan or getting a quick quote?  Just click here.