Anchor Loans Review 2026: Fix & Flip, Bridge, Construction and Rental Programs
By Greg Wilson, commercial loan broker and publisher of Lender Tribune · Last verified November 3, 2026
About Anchor Loans
Anchor Loans describes itself as a private, direct lender to experienced residential real estate investors, brokers and builders. The company was founded in 1998 and reports $23 billion in loan volume across more than 37,000 loans, with 85% repeat borrowers and over 53,000 homes built with its financing.
All Anchor loans are business-purpose only, so owner-occupied homes are out. The company lends in 48 states. Its program sheet notes loans are not available in South Dakota or Vermont.
Anchor Loans loan programs at a glance
| Program | Loan size | Leverage / requirements | Term | Pricing and notes |
|---|---|---|---|---|
| Fix and flip | $100K–$15M | Up to 90% of purchase, 100% of rehab, max 75% LTARV | Up to 18 months | 9.25%–11.50%, 1.00%–1.50% origination, no prepay penalty |
| Bridge | $100K–$15M | Up to 80% LTV | Up to 12 months | 9.25%–11.125%, 1.00%–1.25% origination, no prepay penalty |
| Ground-up construction | $100K–$15M | Up to 85% LTC, max 75% LTARV | Up to 24 months | 9.375%–10.75%, 1.50%–1.75% origination, no prepay penalty |
| Single-family rental | $100K–$2M | Up to 80% LTV as-is | 30-year fixed or 5-year IO / 25-year amortization | 6.875%–10.75%, 1.50% origination, 1/3/5-year declining prepay |
Terms from Anchor Loans broker matrix v.04.16.25 on file with Lender Tribune. Pricing moves with the market; confirm current terms with Anchor before you rely on them.
Who Anchor Loans fits best
- Experienced flippers who want one lender for acquisition, rehab and the rental exit
- Builders running multiple spec homes or small subdivisions
- Borrowers with deals up to $15M on 1–4 unit residential (up to 9 units in California)
What to check before you apply
- Anchor positions itself for experienced investors. First-time flippers may see lower leverage or need a partner with a track record.
- Rental loans carry a declining prepayment penalty, unlike the short-term programs.
- Business-purpose only. No owner-occupied properties.
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Frequently asked questions
Does Anchor Loans lend to first-time investors?
Anchor markets to experienced investors, builders and brokers. Expect experience to drive leverage and pricing, so newer investors should ask about eligibility before applying.
What states does Anchor Loans lend in?
Anchor reports lending in 48 states. Its program sheet lists South Dakota and Vermont as unavailable.
Does Anchor Loans charge a prepayment penalty?
Its fix and flip, bridge and construction loans carry no prepayment penalty per the April 2025 matrix. Rental loans have a 1, 3 or 5-year declining prepayment penalty.
Sources
- Anchor Loans homepage (checked November 3, 2026)
- Lender program materials on file with Lender Tribune, as dated in the table note above
