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Anchor Loans, established in 1998, is the first fix-and-flip lender that has reached a milestone by originating $10 billion in loans.
Since 2016 the company has been surpassing its success year over year and now they claim to be the first lender in the fix-and-flip industry to have financed more than $1 billion annually.
In its press release Anchor Loans said that close to 85% of their business has come from repeat clients who benefit from the company’s quick turn times, flexibility in adjusting to special situations, and finances, to fund multi-million-dollar projects.
“They also claim to have a strong source of capital, excellent technology, and providing excellent support due to their dedicated team’s approach to customer service.
Anchor CEO Andy Pollock said that exceeding the $10 billion mark is a huge milestone for the company and for the fix-and-flip lending industry. They aim to grow and keep looking ahead and expanding in all aspects.
Reference Source: MPA
