CALABASAS, Calif., July 19, 2017 – Anchor Loans, the nation’s largest hard-money lender to the fix-and-flip industry, announces the launch of a new rental loan program developed to assist current landlords in growing their property portfolios and achieving their overall business goals.
“For the first time, we are providing financing for rental property investment in every state where we operate,” said Stephen Pollack, Anchor Loans’ president and chief executive officer. “Our rental product is extremely user-friendly and will have increased flexibility to help current rental property owner-operators achieve their business goals.”
According to Pollack, “buy-and-hold” investors are increasingly seeking Anchor’s assistance to take advantage of opportunities to expand their real estate portfolios. Offering a rental financing product is the perfect solution to serve the needs of Anchor’s current clients, and expand Anchor’s business beyond the fix-and-flip industry it has historically served.
“Over the last twenty years Anchor Loans has grown and matured, and so have our clients,” said Pollack. “As a firm, we consider ourselves a partner with our borrowers. We are committed to our clients’ success, and being able to offer a quality rental product will help our clients, as well as our company, continue to grow.”
Over 85 percent of Anchor’s customers are repeat borrowers who appreciate the speed, efficiency, expertise, flexibility and customer service that come with Anchor financing. Anchor’s experience, relationships, and proprietary Fintech platform continue to set the firm apart from other lenders in its ability to rapidly evaluate, underwrite and fund loans, usually in as few as 3-10 business days. With over $1.1 billion in loans funded in 2016, Anchor Loans is the nation’s leading direct-private lender to the fix-and-flip industry.
About Anchor Loans
At Anchor Loans, we bring borrowers and investors together to create mutually beneficial opportunities for all parties. We do this by specializing in the financing of rehab properties that contribute to the improvement of the neighborhoods in which those properties reside. Because we know, understand and anticipate the needs of our clients, we offer the fastest and most reliable funding options on the market—resulting in lucrative, honest and long-term relationships. By focusing our mission on these key areas, we continue to grow at a record pace, expanding into new markets and establishing ourselves as the leader in the lending sector for real estate investments.