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Anchorwood Lending

DURHAM COUNTY · NORTH CAROLINA

Hard Money Loans in Durham, NC

Business-purpose renovation loans for investors buying through an entity.

Start your application

Three quick questions, then the deal details. A real person — not a call center — follows up.

Business-purpose loans to LLCs and other entities only. No owner-occupied loans. Soft credit check at application.

Durham projects we finance

Durham is the seat of Durham County and, with Raleigh and Chapel Hill, one of the three points of the Research Triangle. Anchorwood Lending makes business-purpose loans to investors renovating residential property in the city and the surrounding county.

Our lending covers fix-and-flip and value-add residential deals held in an LLC or another legal entity. Rehab money is held back and released in draws as work is completed and documented.

A lot of investment property in an older city needs a real scope rather than paint and carpet. We read a renovation budget with a licensed general contractor's eye, and we would rather tell you early that a scope looks light than find out at the third draw.

Start a loan application or read more about how we lend across North Carolina.

Months 1–6 · $0 due

No monthly payments while you renovate.

During a rehab in Durham, 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

Illustrative, assuming the full loan is drawn from day one. Interest accrues on the outstanding balance and is collected at payoff. Deferral available to qualified borrowers, subject to underwriting.

WHO WE LEND TO

Business-purpose borrowers in Durham

Anchorwood lends to LLCs and other legal entities only. We do not make consumer loans and we do not finance owner-occupied property.

HOW IT WORKS

Contract to payoff, in five steps.

Underwriting in 1–2 business days. Closings in Durham run through a local attorney, and can happen in as few as 5 days when your documents are in order.

  1. 01

    Apply

    Quick call, then a short application: deal details, LLC docs, soft credit check.

  2. 02

    Term sheet

    We review your comps and scope, run our own numbers, and put terms in writing.

  3. 03

    Attorney closing

    Your local closing attorney runs it. We wire once title, insurance and the HUD check out.

  4. 04

    Draws in the portal

    Upload photos of completed work. Draws release within 1–2 business days.

  5. 05

    Payoff at sale

    Balance and deferred interest settle on the HUD when the house sells.

Loan program

What a Durham loan costs

One fix-and-flip product, priced the same way for every borrower. You know what the money costs before you apply.

Questions from Durham borrowers

How do draws work?
Rehab funds sit in a holdback. You submit photos and documentation of completed work through the borrower portal, and approved draws release within one to two business days.
What if my renovation runs long?
The term is twelve months. After month six the loan moves to monthly interest-only at 16%, so a longer project carries a cost but does not fall off a cliff.
Do you finance the purchase and the rehab?
Yes, up to 90% of purchase and up to 100% of rehab, subject to underwriting and the after-repair value.
Can I pay off early?
At any time, with no prepayment penalty.

We also lend nearby

See every North Carolina market we lend in

Got a Durham 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.

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Business-purpose loans to LLCs and other entities only. No owner-occupied loans. Soft credit check at application.