Over 5 Billion Lent on the Fix and Flip Market
As the nation’s largest direct private money lender to the “fix-and-flip” industry, Anchor Loans is pleased to announce that we have surpassed $5 billion in total loan origination volume since our inception over 19 years ago.
This milestone, in addition to exceeding the $4 billion mark in January of this year, makes 2017 the second consecutive year that we have originated over $1 billion in loans in a single year. These significant milestones are firsts for our industry, reinforcing Anchor’s leadership position in the market.
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 $1 billion in assets under management have significantly increased the number of loans we’re making, which already totals over 16,000.
Since 1998 Anchor has shown exceptional performance. 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.
No other company in this space is close to matching our total loan volume, and that is a testament to the energy, dedication and hard work from everyone on our staff. Contact us opens in a new window for fix and flip financing opens in a new window and house flipping financing options opens in a new window we offer.
Well done, Anchor team.