CALABASAS, Calif., Sept. 4, 2018 /PRNewswire/ -- Anchor Loans, the nation's number one hard-money lender to the fix-and-flip industry, has again exceeded $1 billion in loan originations in a single year. This is the third consecutive year Anchor has provided over a billion dollars of financing to real estate investors, and sets a new Q3 record for the company. Anchor's loan fundings for the month of August surpassed $150 million, setting a new monthly record for Anchor and putting them on track for projected annual originations of 1.5 billion for the year.
"We are proud to have set this record for the third year in a row, now exceeding over $6 billion in originations since 1998," said Stephen Pollack, president and chief executive officer of Anchor Loans. "We have maintained our leadership position in the industry for loan volume and we are thankful that our customers continue to recognize our true partnership as they build their businesses and investments."
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. All of this translates into what is now the nation's premier direct-private lender to the fix-and-flip market.
About Anchor Loans
At Anchor Loans, we have brought borrowers and investors together for more than 20 years 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 where they 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 a leader in the lending sector for real estate investments.
CONTACT: Jamie Bibb
SOURCE Anchor Loans