Don’t get frustrated with red tape
If you are a fix-and-flip real estate investor who has applied for conventional bank financing to help fund the purchase and rehab of a distressed property, you know the frustration of facing mounds of red tape, then waiting weeks for decisions to be made and even more weeks before approved funds are disbursed by the bank. A conventional bank is a great option for consumers looking for a 15 or 30-year loan for a home they can wait a month or so to close on, but for a real estate investor who needs to compete at foreclosure auctions, close cash-only deals and fund construction, waiting weeks and weeks for fix-and-flip financing is not a viable strategy for success.
Find the ability to move on deals quickly
Flipping properties can yield a great ROI for savvy investors, and many successful flippers have found that leveraging their cash on hand with borrowed capital affords them the agility to move on deals quickly and complete repairs and upgrades fast to get their improved property back out on the market and significantly increase their cash-on-cash return. In this highly competitive industry where “cash is king,” it is important to work with a private direct lender who can approve loans within days and wire funds within hours of approval.
A fix-and-flip loan from a private direct lender is also a great option for investors who are looking to scale up volume and grow their business more quickly—but it is critical to choose a licensed, reputable private direct lender with the expertise, advanced fintech and customer service team that can deliver streamlined operations and dependable results.
Anchor Loans is the nation’s number one private direct lender to fix-and-flip investors, and was the first to fund more than $1 billion in loans in a single year. Anchor remains the industry leader, providing over $1 billion in fix-and-flip financing every year since 2016—with life-to-date fundings surpassing $7.7 billion (as of December 2019).
Anchor Loans has become the nation’s leading private direct lender to fix-and-flip investors by providing the fastest and most reliable funding options on the market—and by prioritizing customer service above all. When a borrower applies for an Anchor Loan, their assigned account executive, lead loan processor and loan servicing team work closely with them to streamline the application and approval process, expedite funding, provide expert project feedback and support the overall growth and success of their business.
Seamless approval process, fast funding and decades of expertise
Anticipating the needs of borrowers and creating honest, long-term client relationships is at the core of Anchor’s business model. We know our customers appreciate the seamless approval process, fast funding and decades of expertise that come with Anchor financing because they return to us for multiple projects, and they often refer friends and family. In fact, more than 85% of Anchor’s customers are repeat borrowers, and more than 70% of Anchor’s new borrowers were referred by an Anchor client.
If you’re ready for your next fix-and-flip project and think you may be a good fit with Anchor Loans, we’d love to hear from you. Visit AnchorLoans.com to sign up for an account in under a minute and fill out a free borrower application via a secure and user-friendly guided process. Our fast, flexible and transparent lending process can help you meet your funding needs on your fix-and-flip projects.