Calling All California Flippers

[Matthew Nixon]

Anchor Loans specializes in financing fix-n-flip properties in CA. We've been in the business for 17+ years and currently have $500,000,000 under management!! We fund and underwrite all of our deals in house and can process loans in as little as 5-10 business days. 

If you are actively flipping property in California, let me provide you with a loan quote for your next project. All I need from you to get started is an executed purchase agreement and I'll be able to give you a loan estimate within 24-48 hours. 

Below are our general terms. With borrower experience and the subject property being the two biggest determining factors. We lend to multi-member LLC's  and Corporations.  Single-member LLC's and individuals can qualify if they have completed 5 flips in the past 18 months. 

Fix and Flip Loan Terms

6 or 12 month term with no prepay

8% - 12% interest only rates

2 - 3 points

Up to 70% of ARV

Up to 80% of purchase + 100% of rehab

Can close as a "cash transaction"

1 - 4 unit residential property

Cross Properties

Can cross existing properties for collateral on new purchases

up to 65% of as is value on cross

New construction - ***Southern CA Only

Very subjective to each deal, call me to discuss

Leverage up to 80% of cost 

Almost forgot to mention. We have wholesale deals!!! Hot properties available to purchase on a first-come first-serve basis. New deals available every week. Below is a deal we currently have available to purchase. Inquire with me for additional info if you are interested. 

Highland Park, CA 90042

Purchase - $405k - contingent upon a loan with me at Anchor Loans.

Rehab - ~80-90k

ARV - $670k