Bridge loans provide real estate investors with the capital needed to purchase and improve fix-and-flip properties for resale. A bridge loan is short-term, generally no more than a year, and tends to have a higher interest rate than a traditional mortgage—but none of the red tape. Bridge loan funds can be put to a variety of uses, including property purchase, closing costs, renovations or other property improvements.
Anchor Facilitates the Fix-and-Flip Process
Experience & Resources
Anchor is the nation’s largest fix-and-flip lender, granting more than $1.1 billion in loans in 2017 alone. We serve successful real estate investors who have already demonstrated their skills in fixing and flipping properties. If you have a track record of success in your property investments, a bridge loan from Anchor Loans could be an excellent way to expand your future fix-and-flip endeavors.
Working for You
Our goal is to build strong ties with property investors, developers, and the community. We prioritize honesty, transparency and unmatched customer service in our business transactions, which is why over 85% of our borrowers are repeat customers. Combined with our rapid, streamlined process for approving and disbursing loans, this has made us the favored lender for property flippers across the country.
How Bridge Loans Work
Lenders like Anchor Loans make loans for short periods of time based on LTV (loan to value) or ARV (after-repair-value). This kind of financing allows them to bet on a property’s future value, not its current one. A lender evaluates not only the property and renovation plans but also the property’s market, on the basis of which pricing for the loan is determined based on the risk involved. This makes bridge loans a highly customized product, which means rates and terms tend to vary significantly.
Commercial Bridge Loans
Commercial bridge loans from Anchor Loans are flexible loan arrangements that provide short-term financing until an exit strategy like a refinance or sale can be executed. They act as interim funding, facilitating the purchase of commercial real estate and completion of rehabs or upgrades.
Bridge Loans Vs. Other Loans
Commercial bridge loans are a valuable tool for those looking for investment real estate, or for the purchase and improvement of an underutilized commercial property. They can also be a good fit for borrowers who have an opportunity but a limited time window to secure financing.
Offering bridge loans to fix and flip properties is only one of many financial services Anchor Loans offers, all intended to help our customers meet and exceed their business goals.
Anchor Loans – Quick, Flexible, and Convenient
From single-family homes to large commercial properties, Anchor Loans funds a wide range of property types and investments. We operate in 46 US states and D.C., and we offer highly competitive rates with an asset-based approval process that does not require a high credit score.
To get started on a bridge loan to fix and flip a property, get a quick estimate online or contact us directly for more information.