Anchor Loans, the nation’s leading provider of financing to fix-and-flip entrepreneurs, announced that its total originations have passed the $10-billion mark, making it the first fix-and-flip lender to achieve this milestone, according to a company release.
In 2016, Anchor became the first fix-and-flip lender to originate more than $1 billion in a year, a level that it has surpassed every year since. This year, Anchor passed the $1 billion mark in August, the release stated.
Approximately 85 percent of Anchor’s business has come from repeat clients who say they benefit from the company’s fast turn times, flexibility to accommodate special situations and the ability, and capital, to fund multi-million-dollar projects.
The company also has strong capital sources, proprietary technology and seasoned, expert support operations with a dedicated team approach to client relations.
”Surpassing the $10-billion mark is a significant milestone for Anchor and the fix-and-flip lending industry. It speaks volumes about the performance and dedication of our team and the high level of confidence that our clients have placed in us year after year,” Anchor Loans CEO Andy Pollock said in the release.” While it is rewarding to look back on what we have achieved, what’s ahead for Anchor in terms of growth and product expansion is just as exciting.”