Hard Money Loans for North Carolina Fix-and-Flip Investors
Rehab the house.
Pay us when it sells.
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
LENDING ACROSS
NORTH CAROLINA
- Greenville
- Wilmington
- Fayetteville
- Jacksonville
- Goldsboro
- Hope Mills
- New Bern
- Coastal NC
Months 1–6 · $0 due
Most lenders bill you from month one. We don’t.
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
Our terms, in writing. Not after three phone calls.
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
HOW IT WORKS
Contract to payoff, in five steps.
Underwriting in 1–2 business days. Close in as few as 5 when your docs 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.
BORROWER PORTAL
Your loan, online. Balance, draws and history in one place.
Most local hard money runs on spreadsheets and phone tag. Every Anchorwood borrower gets a private portal with a live balance, payment history, and photo and document upload for draws.
Borrower Login
WHO YOU’RE BORROWING FROM
We flip houses too.
Anchorwood is run by Justin Turner, founder of Turner Home Team — a Greenville company that buys, renovates and resells homes across the Carolinas. We underwrite your deal the way we underwrite our own: a contractor’s eye on the scope and a broker’s eye on the exit.
You’re not dealing with a fund manager in another state. You’re dealing with the people who make the call on your loan — and who’ve made the same calls on their own flips.
More about our companyWHERE WE LEND
North Carolina, with deep roots in the East.
Headquartered in Greenville. We lend statewide, and most of our book sits in Eastern NC and along the coast — markets we buy and sell in ourselves.
- Greenville
- New Bern
- Goldsboro
- Jacksonville
- Wilmington
- Fayetteville
- Hope Mills
- Marion
- Coastal NC
WHO WE’RE A FIT FOR
Active investors buying through an entity.
- Fix-and-flip and value-add residential deals
- LLC or other entity as borrower
- At least one completed project in the last 12 months
- No consumer or owner-occupied loans
Got a 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.