CALABASAS, Calif., May 3, 2017 /PRNewswire/ -- Anchor Loans, the nation's largest hard-money lender to the fix-and-flip industry, improved upon its exceptional 2017 financial performances with another record setting month for the company. In March, Anchor Loans originated over 360 loans totaling more than $116 million dollars.
"As the industry's leading lender to the fix-and-flip market, we believe that a record performance within our organization is a positive overall indicator for the entire sector," said Stephen Pollack, Anchor Loans president and CEO. "I believe our success reflects the growth of the market, and we will continue to be bullish in 2017, and think others should as well."
Anchor's loan volume in March was 2.2 to 30 times the amounts smaller local firms funded across the country, offering further testimony to the size, scale and scope of the company's financial resources and lending platform.
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, often as 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 with over 14,600 loans originated totaling more than $4.3 billion.
"In 2016, our company was among the first to lend over $1 billion dollars in a single year, and we've surpassed $4 billion in loan origination volume to date. Our March success validates our strategies and means we have to continue to set the bar higher for our success, and the success of our clients," said Pollack.
About Anchor Loans
At Anchor Loans, we bring borrowers and investors together 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 in which those properties 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.
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SOURCE Anchor Loans