Where do real estate investors go for private direct fix and flip or ground-up construction loans over a million dollars? Unfortunately, many direct lenders cap their loan amounts at under $800,000 — but with our expert loan teams and advanced underwriting platform, Anchor can approve and fund viable multimillion-dollar projects with no problem. In fact, Anchor Loans is the nation’s #1 direct lender funding high dollar amount hard money loans. We regularly fund loans above $10 million.
Anchor’s proprietary technology platform streamlines the application and approval process and speeds funding. Unlike typical industry valuations that broadly estimate property value at an MSA or ZIP code level, our platform uses targeted datasets to deliver precise, project-level valuation.
Our technology also enables more precise loan pricing based on borrower profile, track record and financials. Anchor’s vertically integrated technology platform delivers accurate valuation, risk-based pricing and expert loan service.
The term “jumbo” in reference to a conventional consumer mortgage is a loan amount that exceeds the maximum insurable loan amount set by Freddie and Fannie. But, in the hard money sector, “jumbo” just refers to a specific high dollar amount that the majority of lenders consider too risky to fund. Typically, it’s over $600k-800k.
At Anchor Loans, those high dollar amount limits do not exist. If a multimillion-dollar project is viable, we are happy to take a look at the details and see how we can help bring it to fruition.
Below are some before and after examples of hard money “jumbo” loan projects completed by Anchor borrowers with financing from Anchor Loans.