CALABASAS, Calif., Nov. 13, 2017 /PRNewswire/ -- Anchor Loans, the nation's number one hard-money lender to the fix-and-flip industry, has exceeded $5 billion in loan originations since the company's inception in 1998. Anchor is the nation's first private lender to fix-and-flip investors to reach this milestone.
"This achievement is a testament to the incredible team we have here," said Stephen Pollack, president and CEO of Anchor Loans. "Our talented employees are the most energetic and hard-working in the industry. Every day they come to work ready to exceed expectations and every day, they do. Their dedication means we are continually raising the bar for our success, and the success of our clients."
According to Pollack, Anchor's attainment of over $1 billion in assets under management has significantly increased the number of loans it's making, which already totals over 16,000.
"This is the second consecutive year that we have originated over $1 billion in loans in a single year. Surpassing $5 billion total, and $1 billion in a single year, are firsts for our industry. These achievements reinforce our leadership position in the market," Pollack said.
Anchor's experience, relationship 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 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.
SOURCE Anchor Loans