Overview
Anchor Loans is one of the oldest national hard money lenders. Long track record across multiple market cycles.
Anchor Loans is based in Calabasas, CA and was founded in 1998. They operate nationally and offer fix-and-flip, BRRRR, rental, bridge financing. Their loan amount range runs from $100K to $5.0M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Geographic coverage | National |
| Loan size | $100K – $5.0M |
| Interest rate range | 9.5% – 12% |
| Origination points | 1 – 3 |
| Max LTV | 80% of ARV |
| Max LTC | 90% of cost |
| Term lengths | 6-24 months |
| Typical close time | 10-21 days typical |
Strengths
- oldest national hard money lender
- experienced underwriting
- high-volume capacity
Ideal borrower
Experienced investor with track record
How Anchor Loans compares for Chicago investors
For Chicago metro investors specifically, Anchor Loans operates as one of multiple national options — competitive on broad product menus but local Chicago lenders sometimes win on relationship and close speed. As an institutional non-QM lender, their underwriting is templated and predictable — fast for experienced borrowers, less flexible for non-standard deals.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
Anchor Loans FAQ
Yes — Anchor Loans operates nationally and regularly funds Chicago-area deals
Anchor Loans's indicative rate range is 9.5%–12% with 1–3 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
Anchor Loans's typical minimum loan is $100K, with maximum loan size up to $5.0M.
Anchor Loans's typical close timeline is 10-21 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
Anchor Loans offers fix-and-flip, BRRRR, rental, bridge financing. They also do DSCR rental refinance, which makes them a one-stop shop for BRRRR strategies.
Experienced investor with track record
This review is an independent directory listing. Hard Money Chicago is not affiliated with Anchor Loans. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.