Fix-and-flip lender now originates in 47 markets

Anchor Loans has added 13 new markets in past year

Fix-and-flip lender now originates in 47 markets

The nation’s largest lender to the fix-and-flip industry has expanded its growth significantly outside its California base.

Anchor Loans added 13 states in the past year and now originates loans in 47 markets including Alaska, Iowa, Kentucky, Maine, Minnesota, Montana, Nebraska, New Hampshire, New Mexico, North Dakota, Rhode Island, West Virginia and Wyoming.

"Our growth outside of California over the last two years has increased to 50% of our loan production," said Stephen Pollack, Anchor Loans president and CEO. "Using our fintech platform, we are rapidly ramping up across the nation to help fix-and-flippers realize their business goals with the ability to close a deal faster."

The company has now originated more than 18,000 loans totalling more than $5.7 billion.