BUNCOMBE COUNTY · NORTH CAROLINA
Hard Money Loans in Asheville, NC
Business-purpose renovation financing for investors in Buncombe County.
Start your application
Three quick questions, then the deal details. A real person — not a call center — follows up.
Lending in Western North Carolina
Asheville is the seat of Buncombe County, in the Blue Ridge Mountains of Western North Carolina. Anchorwood Lending makes business-purpose loans to real estate investors renovating residential property in the region.
The loans are for fix-and-flip and value-add work and are written to LLCs and other legal entities. Consumer and owner-occupied lending is outside what we do, anywhere in the state.
Mountain properties can carry access, grading and system issues that a flat lot does not, so the scope matters as much as the purchase price. We read renovation budgets with a contractor's eye and put our terms in writing before you commit.
Start a loan application or read more about how we lend across North Carolina.
WHO WE LEND TO
Business-purpose borrowers in Asheville
Anchorwood lends to LLCs and other legal entities only. We do not make consumer loans and we do not finance owner-occupied property.
Fix-and-flip
Buy, renovate and resell residential property. The loan carries the purchase and the rehab, and pays off from the sale.
BRRRR bridge loans
Carry the renovation on a property you intend to keep, then refinance into long-term financing once it is stabilised.
Wholesalers
Transactional funding for investors who need to take title to close an assignment.
Months 1–6 · $0 due
No monthly payments while you renovate.
During a rehab in Asheville, every dollar that goes to a lender is a dollar that is not buying cabinets or paying a sub. For qualified borrowers we let the first six months of interest accrue and collect it at payoff, straight off the settlement statement when the property sells.
After month six the loan converts to monthly interest-only. Fast projects never get there.
Cash out of your pocket
$200,000 loan, fully drawn · 12% · months 1–6
from
proceeds
HOW IT WORKS
Contract to payoff, in five steps.
Underwriting in 1–2 business days. Closings in Asheville run through a local attorney, and can happen in as few as 5 days when your documents are in order.
- 01
Apply
Quick call, then a short application: deal details, LLC docs, soft credit check.
- 02
Term sheet
We review your comps and scope, run our own numbers, and put terms in writing.
- 03
Attorney closing
Your local closing attorney runs it. We wire once title, insurance and the HUD check out.
- 04
Draws in the portal
Upload photos of completed work. Draws release within 1–2 business days.
- 05
Payoff at sale
Balance and deferred interest settle on the HUD when the house sells.
Loan program
What a Asheville loan costs
One fix-and-flip product, priced the same way for every borrower. You know what the money costs before you apply.
- $50K–$400KLoan size12-month term
- 12% → 16%RateMonths 1–6, then 7–12
- 2 ptsOriginationPaid at closing
- $0Prepayment penaltyPay off any time
- LeverageUp to 90% of purchase, 100% of rehab
- Rehab fundsHeld back, released in draws as work is completed
- StructureInterest-only, balloon at maturity
- CollateralFirst-position deed of trust
Asheville questions
- Do you lend this far west?
- Yes. Anchorwood lends across North Carolina, including the western part of the state.
- What is the maximum loan?
- $400,000, with a minimum of $50,000, sized against purchase price, rehab budget and after-repair value.
- How are rehab funds handled?
- They are held back and released in draws as work is completed and documented through the borrower portal, typically within one to two business days of approval.
- What is the term?
- Twelve months, interest-only, with a balloon at maturity and no prepayment penalty.
We also lend nearby
Got a Asheville deal under contract?
Send it over. We’ll tell you straight whether it works for us — and if it does, you’ll have terms in writing fast.