CALABASAS, Calif., Dec. 4, 2018 /PRNewswire/ -- Anchor Loans has been recognized by the Los Angeles Business Journal(LABJ) as one of the fastest growing companies in 2018. The LABJ ranked Anchor Loans #5 out of 100 listed companies. This honor follows Anchor's #2 ranking on the San Fernando Valley Business Journal's 2018 list of the top 50 fastest growing private companies.
Anchor Loans is the nation's number one private direct lender to fix-and-flip investors, and the first to fund more than $1 billion in loans in a single year—with over $1 billion funded consecutively since 2016, and over $6.4 billion life-to-date fundings since 1998.
Headquartered in Los Angeles County, Anchor understands the challenges real estate investors face in getting fix-and-flip projects off the ground and has provided short-term financing for the purchase and improvement of over 20,000 distressed investment properties nationwide, aiding in efforts to minimize the neighborhood blight distressed and abandoned properties can cause.
"We are honored to be ranked in the top five of the fastest growing companies," said Steve Pollack, president and chief executive officer. "We wouldn't be where we are today without our borrowers and supporters, and we look forward to what next year will bring."
Anchor Loans shows no sign of slowing down any time soon. This year the company is also ranked No. 886 on the Inc. 5000 list, showing growth of 564 percent in the last three years, and is celebrating over 20 years of business.
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.