Address:5230 Las Virgenes Rd Ste 285 Calabasas, CA 91302 United States
States They Loan: Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, Texas, Washington, Wisconsin
The essentials for approval
- Experienced Investors
Proven track record of at least 5 flips in the last 18 months.
- Less than 5 flips?
For the less experienced investors, we also loan to qualified corporations and multi-member LLC's.
- Adequate Reserves
Borrowers are responsible to come in with at least 20% of acquisition costs.
- Good credit?
We’re not credit driven, but having good credit still has its perks. Contact your loan rep today for more details.
Total Loan Volume: $3.16 Billion
Years in Business: 18 Years
Total Loans Funded: 11,814
LTV Ratio: Loans generally do not exceed a 70% ARV (After Repaired Value) ratio of the property to be acquired. This amount can include purchase price, property rehabilitation costs and closing costs.
Interest Rates: Interest rates generally fall between 8.00% -13.00% depending upon the property location and type, as well as the borrower experience.
Funding Timeframe: as little as 2-5 days typically 1-2 weeks
Type of Properties Anchor Funds:
non-owner occupied properties
- single family residences,
- other commercial properties.
Anchor Loans does NOT fund owner-occupied properties.