FORSYTH COUNTY · NORTH CAROLINA
Hard Money Loans in Winston-Salem, NC
Business-purpose fix-and-flip loans for entity borrowers in Forsyth County.
Start your application
Three quick questions, then the deal details. A real person — not a call center — follows up.
How the program works in Winston-Salem
Winston-Salem is the seat of Forsyth County and one of the three cities of the Piedmont Triad. Anchorwood Lending provides business-purpose financing to real estate investors renovating residential property in the area.
We write a single product: a twelve-month, interest-only fix-and-flip loan to an LLC or similar entity, secured by a first-position deed of trust. For qualified borrowers the first six months of interest is deferred and settles at payoff.
That deferral is the part most borrowers care about. During a renovation, cash is going into demo, roofs and subcontractors — a monthly interest bill competes with the work itself, so we moved it to the end.
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 Winston-Salem, 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 Winston-Salem 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
WHO WE LEND TO
Business-purpose borrowers in Winston-Salem
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.
Winston-Salem borrower questions
- What does deferred interest actually mean?
- For qualified borrowers, no interest payment is due during months one through six. It accrues and is collected at payoff, from the sale proceeds on the settlement statement.
- Does everyone qualify for the deferral?
- No. It is available to qualified borrowers and is subject to underwriting.
- What is the total cost of a six-month loan?
- Two points at origination plus 12% annualised interest accrued over the period, settled at payoff. There is no prepayment penalty.
- Can I use the loan for a rental I plan to keep?
- Yes, as a bridge. The loan carries the renovation and is paid off when you refinance into long-term financing.
HOW IT WORKS
Contract to payoff, in five steps.
Underwriting in 1–2 business days. Closings in Winston-Salem 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.
We also lend nearby
Got a Winston-Salem 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.