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.