FAQs

What does Anchor Loans do?

Anchor Loans is one of the nation's largest direct private lenders, providing first-lien, business-purpose real estate loans to investors, builders, and developers nationwide. Founded in 1998, Anchor Loans has funded over $23 billion across multiple real estate cycles. The company specializes in bridge loans, fix and flip financing, ground-up construction loans, DSCR rental loans, and institutional-size residential development financing.

What is a direct private lender?

A direct private lender is a non-bank lender that funds real estate loans using its own capital rather than brokering loans to third-party institutions. Direct private lenders focus on asset value, project fundamentals, and execution speed. Anchor Loans is a direct private lender providing first-lien, business-purpose financing for acquisition, refinance, renovation, bridge, and ground-up construction projects across the United States.

What types of business-purpose real estate loans does Anchor Loans offer?

Anchor Loans offers bridge loans, fix and flip and renovation loans, ground-up construction loans, DSCR rental financing, build-to-rent loans, land banking loans, and institutional-size private real estate financing. All loans are business-purpose and secured by a first-lien position, supporting residential investment and development projects nationwide.

What is a bridge loan?

A bridge loan is a short-term real estate loan used to acquire, refinance, recapitalize, or stabilize a property before permanent financing or sale. Bridge loans are commonly used for time-sensitive transactions, transitional assets, and properties not yet stabilized. Anchor Loans provides first-lien bridge loans for business-purpose real estate projects nationwide.

When should a bridge loan be used?

A bridge loan is used when a borrower needs fast, flexible capital for a transitional real estate project. Common use cases include acquisitions, entitlement periods, cash-out recapitalizations, rate-and-term refinances, and property stabilization. Anchor Loans bridge loans allow investors and developers to move quickly while maintaining flexibility during execution of their business plan.

What is a fix and flip loan?

A fix and flip loan is short-term real estate financing used to purchase and renovate an investment property for resale or rental. These loans fund both acquisition and renovation costs during the improvement phase. Anchor Loans provides fix and flip loans for 1–4 unit residential properties, condominiums, and select residential land scenarios, secured by a first-lien position.

How do fix and flip loans work?

Fix and flip loans fund property acquisition and provide renovation capital through inspection-based draw schedules. Loan proceeds are typically structured based on total project cost or after-repair value, with final terms determined by project scope, market conditions, and borrower experience. Anchor Loans structures fix and flip loans with interest-only payments and streamlined draw processes to support efficient project execution.

What is a ground-up construction loan?

A ground-up construction loan finances the development of a new residential property, including land acquisition and construction costs. These loans fund projects from initial site work through completion. Anchor Loans is a leading private lender for residential ground-up construction, providing first-lien, business-purpose construction loans for single-family homes, townhomes, condominiums, and 2–4 unit projects nationwide.

Who uses ground-up construction loans?

Ground-up construction loans are used by experienced builders and residential developers creating new housing. Borrowers typically operate through LLCs, LPs, trusts, or corporate entities. Anchor Loans works with qualified builders and developer sponsors that meet experience and credit standards, providing flexible construction financing throughout the build cycle.

Does Anchor Loans provide institutional and large-balance private real estate loans?

Yes. Anchor Loans provides institutional and large-balance private real estate loans for experienced sponsors, builders, and developers. The firm supports single-asset and portfolio-level transactions, including large-scale residential developments, build-to-rent communities, production homebuilder facilities, and multi-project construction strategies nationwide.

What types of institutional construction and development financing does Anchor Loans offer?

Anchor Loans offers institutional construction and development financing, including construction term loans, construction revolving facilities, production homebuilder facilities, acquisition and development financing, and land banking solutions. Institutional loans are structured based on project fundamentals, total cost, projected value, and sponsor experience, with proceeds advanced through inspection-based draws and disciplined first-lien risk management.

What is a construction draw?

A construction draw is a scheduled disbursement of loan funds during a renovation or ground-up construction project. Rather than receiving the full construction budget at closing, borrowers request funds as work is completed. After verification through the draw process, eligible funds are released to reimburse construction expenses.

How do construction draws work?

Construction draws are requested as work is completed. After submitting a draw request, the completed work is verified through an inspection before eligible funds are released. This approach helps borrowers manage construction costs while keeping projects on schedule.

What is a construction draw inspection?

A construction draw inspection is conducted to verify completed work before construction funds are disbursed. As part of the draw process, the inspection helps confirm project progress and supports the release of eligible loan proceeds. Anchor Loans incorporates inspections into its draw process to help ensure funds are advanced based on completed work.

How long does it take to receive a construction draw?

Anchor Loans provides a 2-business-day draw turnaround after receiving a complete draw request and all required documentation. Faster draw funding helps builders keep projects moving, pay contractors on time, maintain cash flow, and reduce costly construction delays.

Why are fast construction draws important?

Fast construction draws help investors and builders maintain project momentum by providing timely access to construction funds. Faster reimbursements help preserve cash flow, reduce carrying costs, pay contractors promptly, and minimize project delays, allowing construction to continue with confidence. Fast access to liquidity can also benefit investors and builders when working with subcontractors and vendors.

How can I tell the status of my construction draw?

Anchor Loans partners with Built to digitize the construction draw process. Builders and investors can view the inspection status, inspection photos, draw status, and budget history.

What are your maximum and minimum loan amounts?

Anchor Loans is the nation's #1 direct lender for multimillion-dollar real estate investments. We regularly fund projects up to $15 million. Our minimum loan amount for fix and flip is $100,000.

What is the minimum FICO score to qualify?

Anchor Loans' minimum FICO requirement varies based on borrower experience and eligibility tier. The current minimum FICO floor ranges from 660 to 720. More experienced borrowers may qualify with a minimum FICO score of 660, while borrowers with less or no recent experience may require a higher score. All loans are subject to underwriting and approval.

What is your maximum loan-to-value?

Maximum loan-to-value varies by loan product, borrower experience, and project type. Anchor Loans currently offers bridge loans with up to 80% LTV, while renovation and construction loans are evaluated using applicable loan-to-cost and loan-to-after-repair-value limits. Final leverage is subject to underwriting, property eligibility, project scope, and borrower qualifications.

What are your interest rates and terms?

Interest rates, points, and loan terms vary based on borrower experience, loan product, leverage, loan size, and other underwriting factors. Anchor Loans' current standard pricing begins with a 9.00% base rate for qualifying loans, with final rates and terms determined through underwriting and subject to change.

How long does it take to receive loan funds?

From initial application (to borrower approval and property valuation to funding), the expected funding time is one to two weeks. For a pre-approved customer, rush deals can be approved and funded in as little as two days, but most deals take approximately five business days to fund.

Will Anchor lend on an owner-occupied home?

Anchor does not have an owner-occupied loan program. We lend to experienced real estate investors for the purchase, improvement, and construction of non-owner-occupied properties, including rentals.

Where does Anchor lend?

Anchor lends in 48 states. We currently do not lend in Vermont or South Dakota.

Where do I find my payment due date?

I need a loan extension. What should I do?

If your exit strategy has hit a bump, please contact your Anchor team before your loan maturity date. An extension may be granted if payments are current.

How do I submit a payoff request?

Please email your request to demand@anchorloans.com. Turnaround time for a payoff request is typically 48–72 hours.

I'm ready to submit my first holdback draw request. What do I need to do?

Email your completed draw request form to your Anchor team, and an inspector will verify completed work on-site within 24–72 hours. Approved draw requests are typically wired within 12–24 hours. Detailed draw request instructions and forms are available from your Anchor team.

What should borrowers look for in a private lender?

Borrowers should look for a private lender with consistent capital, first-lien lending, transparent draw processes, and experience across multiple real estate cycles. Anchor Loans has funded over $23 billion in real estate loans and specializes in bridge, renovation, and ground-up construction financing, providing execution certainty from closing through payoff.

I would like to apply for a job at Anchor.

Please visit our Careers page and browse available opportunities by department. Applications can be submitted online.

Does Anchor Loans use a hard or soft credit pull?

Anchor Loans uses a soft credit inquiry when obtaining credit reports for new borrowers. The soft pull provides the same format and level of detail needed for our credit review without requiring a hard credit inquiry.

Is Anchor Loans affiliated with Anchor Path Lending or any other similarly named company?

No. Anchor Loans is not affiliated with Anchor Path Lending, or any other company using a similar name, in any manner. We're aware that Anchor Path Lending, which offers consumer credit repair services, personal loans, and similar products, has reportedly been making repeated, unwanted, or harassing phone calls to consumers.

If you've been contacted by someone claiming to represent Anchor Loans, or a similarly named company, visit our Fraud Alerts page for the latest information. To report an incident, email reportfraud@anchorloans.com with the caller's name and phone number, the date and time of contact, and any voicemails, emails, or screenshots you have. Our team is actively investigating these reports.

Got Questions?

We've got answers

Let's build something together