With our initial loan, with no prior borrowing history, your team managed to turn around our funds from start to finish in less than 8 days. I had initially thought it was impossible, but you made a conscious effort to ensure our needs were met no matter what it took. We're excited to have Anchor on our side.
Ernie D
Developer
I am very happy with the service I am receiving on my construction loan. I have had two draws that have gone very smoothly already! I am especially happy with [processor] - a very professional individual. I knew the first time I talked to him that he cared!
Angela R
Developer
I appreciate the draw service you and your office have provided. Everything is so streamlined and easy to navigate. Your fund disbursement turnaround time is second to none."
Flexible Loan Options for Residential Real Estate Investors
Short-term funding for the construction of 1-4 unit residential properties.
Single and 2-4 unit residential properties
Only pay interest on construction funds drawn
12-18 month terms
1.75-2.75% origination points
Loan amounts up to $10MM
Interest reserves available
Gain a business partner not just a lender. Gain a business partner not just a lender
The Anchor Difference: Not Just a Lender, a Business Partner
FastFunds in as few as 10 days
Flexible Loan terms tailored to your needs
DependableCustomer-service driven and trusted since 1998
DedicatedExpert processing teams
The Essentials for Approval
Experience
Easy pre-approval for investors with 3 or more successful construction projects in the last 3 years. We'll tailor a solution that works best for you.
Down Payment
Depending on the structure of your loan, you'll need to provide a down payment to close your loan.
Project Details
Submit your project's purchase price, plans, permits and budgets as well as your estimated completed value to receive a customized quote within 24-48 hours.
Your Credit Score
Minimum 650 required, but having good credit has its perks.
The Anchor Process
01
Tell us about you
Complete our free online application in as little as 10 minutes. Rates and terms are dependent on your application details. The more information you provide, the more options we can provide you with.
02
Tell us about your deal
Submit any deal specific information, including your purchase contract, plans, permits, budgets, estimated repair budget and any transaction documents you may have. We’ll take care of the rest.
03
Fund your deal
Once you approve the terms, loan docs are signed and escrow is ready to close, we'll fund the deal. Congrats, you're now officially an Anchor customer!