New Hanover County · North Carolina
Hard Money Loans in Wilmington, NC
No monthly payments for the first 6 months for qualified borrowers. 12% · 2 points · no prepay penalty.
Start your application
Three quick questions, then the deal details. A real person — not a call center — follows up.
Borrower LoginGreenville, NC
Coastal projects, business-purpose terms
Wilmington is the seat of New Hanover County and the largest city on North Carolina's southeastern coast, sitting between the Cape Fear River and the Atlantic. Anchorwood Lending makes business-purpose loans to real estate investors working in this market.
Our lending is limited to what we understand: fix-and-flip and value-add residential projects, financed for legal entities rather than individuals. If you are renovating to resell, or repositioning a property before a refinance, that is the shape of deal we underwrite.
Coastal renovations often carry insurance and inspection requirements that inland projects do not. We close through a local attorney in every case and release rehab money in draws against completed work, so the structure stays the same no matter where in the state the property sits.
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 the rehab, every dollar you send a lender is a dollar that isn’t buying cabinets or paying your sub. So for qualified borrowers, we let the first six months of interest accrue and collect it at payoff, straight off the HUD when the house sells.
After month six, the loan goes to monthly interest-only. Fast flips never get there.
Cash out of your pocket
$200,000 loan, fully drawn · 12% · months 1–6
from
proceeds
Typical lender −$12,000 out of pocket by month 6
Anchorwood $0 · settles on the HUD at sale
Loan program
What a Wilmington 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
Months 1–6
$0 / month
For qualified borrowers, interest accrues and settles on the HUD at payoff. From month seven, the loan goes to monthly interest-only.
- 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
WHO WE LEND TO
Business-purpose borrowers in Wilmington
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.
HOW IT WORKS
Contract to payoff, in five steps.
Underwriting in 1–2 business days. Closings in Wilmington 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.
Wilmington borrower questions
- What kinds of property do you lend on here?
- Fix-and-flip and value-add residential deals held by a business entity. We do not lend on owner-occupied homes, consumer purchases or ground-up construction.
- Is there a prepayment penalty if the house sells quickly?
- No. You can pay the loan off at any point without a penalty, which matters on a fast coastal flip.
- How much of the purchase and rehab will you finance?
- Up to 90% of the purchase price and up to 100% of the rehab budget, subject to underwriting and the property's after-repair value.
- Who handles the closing?
- A local North Carolina closing attorney. We fund once title, insurance and the settlement statement have been reviewed.
We also lend nearby
Got a Wilmington 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.