2020 Loan Originations Through Anchor Loans Now Exceed $1 Billion
Anchor Loans is the largest hard money lender in this country for fix-and-flip investors. Once again, it has proven its worth by exceeding $1 billion in loan originations within one year, and the year is not even over yet! They have been able to do this for the second year running, allowing real estate investors to get the funds that they need. This is a new national record, as well as a new record for Anchor Loans itself.
No private money lender has been around longer, or loaned out more money to the fix and flip market than Anchor Loans. In 2016 we set the standard yet again, becoming the industry’s first to originate over $1 billion in loans in a single year.
Excellent Performance for the Past 19 Years
To date, the company has had a total volume of $5 billion. They have been in business for 19 years, surviving the Great Recession with ease. Over those 19 years, they have funded some 16,000 loans, setting themselves apart as one of the go-to companies for hard money loans. Their focus, meanwhile, is specifically on the fix and flip investment market.
It costs a lot of money to fix and flip houses. In addition to buying the home, fix and flippers need to pay for repairs, contractor fees, listing and broker fees, holding costs until you sell the home, and more. […] Hard Money Loan / Private Money Loan – Best for experienced or inexperienced flippers who need money quickly.
Anchor Loans as Industry Leader
Anchor Loans first surpassed the $5 in total volume in November 2019, which is an important record in itself. Nowhere in the industry have results like that been achieved before, which has really set Anchor Loans apart as the best in the country. Indeed, their president and CEO, Stephen Pollack, is incredibly proud of the achievements of the company. He believes it is a testament to the dedication, energy, and hard work of every staff member in the organization. Furthermore, he is proud of the fact that the company is now an industry leader.
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 $850 million in assets under management and $1 billion in loan origination volume in 2016 is a significant achievement for our industry.
There are numerous reasons why Anchor is such a standout company. Their proprietary Fintech platform is one of those reasons, as is their excellent relationships and their overall experience. No other lenders have been able to evaluate, underwrite, and fund their applications as quickly as what this company can. In fact, most of their clients see payments in as little as between three and 10 business days. This is why the company is so preferred across the nation, even outside of California, where they are headquartered.
Anchor Loans has positioned itself as the go-to intermediary between lenders and investors. They help them create opportunities that benefit everybody who is involved. They specialize particularly on rehab properties, as they believe these properties help to improve neighborhoods in particular and local economies as a whole. The company spends a great deal of time, effort, and money on anticipating and understanding clients’ needs, thereby ensuring that they can provide the most reliable funding in the quickest way possible. This strategy has enabled them to build long term relationships based on honesty and trust. More and more, the company is able to enter other types of markets as well, where they also quickly become the recognized expert. 2020 has been an excellent year and they expect 2021 to bring more of the same.