Rehab loans are great for home renovation or for real estate investors interested in flipping homes because they can fund the purchase and renovation of residential properties. Anchor Loans offers them to short-term investors to fix-and-flip properties as well as long-term investors looking for renovation financing for rental properties. These loans combine property purchase and rehab costs into a single, short-term loan with quick funding times and interest-only payments, depending on individual cases.
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 Rehab Loans Work
Lenders like Anchor Loans offer rehab loans with a wide range of rates, fees, terms and qualifications based on projects and borrowers. The rates tend to vary because they reflect additional risks inherent in a rehab project and the short period of time during which interest is to be charged. In most cases, interest-only payments are made, with repayment of the full principal at the end of the loan.
Renovating A Property with Rehab Loans
Rehab loans help homeowners improve their existing home with upgrades, repairs, or renovations. Anchor Loans can help you gain equity and offer you low interest rates for your home renovation project, along with low interest rates and low down payments, which means your savings will not be depleted trying to come up with the funds. This makes a difference when cash and speed are crucial.
Benefits of Financing from Anchor Loans
Anchor Loans has a team of experts and the leverage of size for all your financing needs. For rehab loans, house flipping loans, hard money loans or any other real estate financing for flipping homes or house renovation, get a quick estimate from us today.
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.