PITT COUNTY · NORTH CAROLINA
Hard Money Loans in Greenville, NC
We are headquartered here. Business-purpose fix-and-flip 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.
Lending where we are based
Anchorwood Lending's office is in Greenville, the seat of Pitt County and the largest city in Eastern North Carolina. It is where the company is run from and where our own renovation work is managed, so an application from this market is read by people who know the area firsthand.
We lend on fix-and-flip and value-add residential projects in Greenville and the surrounding Pitt County communities. Loans are business-purpose only and are made to LLCs and other legal entities, never to individuals buying a home to live in.
Every loan closes through a local closing attorney, secured by a first-position deed of trust. Rehab funds are held back and released in draws as work is completed, which keeps the money tied to the scope rather than paid out up front.
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 Greenville, 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
Loan program
What a Greenville 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
HOW IT WORKS
Contract to payoff, in five steps.
Underwriting in 1–2 business days. Closings in Greenville 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.
WHO WE LEND TO
Business-purpose borrowers in Greenville
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.
Questions we get from Greenville investors
- Do you actually lend in Greenville?
- Yes. Greenville is where Anchorwood Lending is based, and we lend on business-purpose residential projects here and across North Carolina.
- Can I borrow in my own name?
- No. All Anchorwood loans are business-purpose and are made to LLCs, corporations and other legal entities. We do not make consumer or owner-occupied loans.
- What does a loan cost?
- One fix-and-flip product, priced the same for every borrower: 12% for months one through six and 16% for months seven through twelve, two points at origination, and no prepayment penalty.
- Do I make monthly payments during the renovation?
- For qualified borrowers, no. We defer the first six months of interest and collect it at payoff, straight off the HUD when the property sells. From month seven the loan converts to monthly interest-only.
- How quickly can a loan close?
- Underwriting typically takes one to two business days once we have your deal details. Closings can happen in as few as five business days when title, insurance and entity documents are in order.
We also lend nearby
Got a Greenville 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.