CALABASAS, Calif., Jan. 16, 2019 /PRNewswire/ -- Anchor Loans, the nation's leading provider of financing to fix-and-flip entrepreneurs, wraps up its 20th year in business with over $1.4 billion in loans funded to real estate investors, a new annual record for the Company and a twenty percent increase over the prior record-setting year.
Since its humble beginnings in 1998 in a spare bedroom in Pico Rivera, California, Anchor Loans has provided more than 20,000 loans totaling over $6.6 billion to real estate entrepreneurs who have used the financing to transform neglected, abandoned and otherwise distressed properties into beautiful homes, improving thousands of neighborhoods around the country.
In 2018, as Anchor Loans celebrated its 20th anniversary, the Company was honored with a #886 ranking on the prestigious Inc. 5000 list, which recognizes the achievements of successful U.S. entrepreneurs whose companies are achieving rapid growth. Also in 2018, the Los Angeles Business Journal named Anchor Loans #5 of the 100 fastest growing companies in Los Angeles County. This honor followed Anchor's #2 ranking on the San Fernando Valley Business Journal's 2018 list of the top 50 fastest growing private companies.
"We are proud to be the nation's number one fix-and-flip lender, and we are honored to receive this recognition for our success." said Steve Pollack, president and chief executive officer.
"We attribute our growth and longevity in this industry to our dedicated employees and our loyal customers. It is the goal of all of us at Anchor to provide unsurpassed customer service, and our dedicated staff work diligently to meet and exceed our borrowers' expectations. More than 85 percent of our current borrowers are repeat customers and 70 percent of our new borrowers were referred by a current client. We wouldn't be where we are today without our customers and our outstanding staff, and we look forward to what next year will bring," Pollack said.
Anchor's staff ended the Company's record-setting year with a commitment to giving back to the community. The employees launched a holiday fund raising campaign on behalf of Homes4Families, a non-profit organization providing stable, full-equity affordable home ownership for low-income veterans. Anchor employees raised over $4,000, which the Company matched dollar-for-dollar, and Anchor is sending a team of 60 staff members to participate in a local TEAMbuild to construct a home that will change the life of a service member who bravely stood up to serve our nation.
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: Alexis Woody
SOURCE Anchor Loans