- Mike Urban
VP, National Lending
Long Term Rental Loan | |
Property Types | SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $2,000,000 |
Terms | 30 year |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | - 1-4 family properties, up to 20 properties per loan. - Long-term, short-term and vacation rentals. - Purchase, refinance or cash out refinance. - 30-year fixed or Interest Only options. - 1, 3 or 5-year prepay penalty options. |
Updated as of | 2024-02-23 |
Program Code | LG295 |
Rehab Loan | |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $10,000,000 |
Points Minimum 1st TD | 0.75 |
Points Maximum 1st TD | 3 |
Terms | 1 year, 18 month |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | - 1-4 unit residential. - Up to 100% of rehab cost. - Speedy draw process. |
Updated as of | 2024-02-23 |
Program Code | LG294 |
Construction Loan | |
Property Types | 2-4 Units, Condo, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $1,000,000 |
Loan amount Maximum | $10,000,000 |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 3 |
Terms | 1 year, 18 month |
Updated as of | 2024-02-23 |
Program Code | LG95 |
Summary of all Guidelines | |
Loan Types | Construction Loan, DSCR Loan, Rehab Loan |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Maximum Units | 10 |
Loan amount Minimum | $1,000,000 |
Loan amount Maximum | $10,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 13% |
Terms | 1 year |
Prepayment Penalty | None |
ARV Rehab & Construction | 70 |
LTC Rehab | 85 |
Intended Occupancy | Non-Owner |
The nation's number one private lender for experienced real estate investors and builders. Specializing in larger, more customized real estate investment loans with risk-based pricing and terms that reward experience and repeat clients.
Anchor Loanss, Inc. is located in Cerritos, CA. They offer financing for Construction Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is 2-4 Units and SFR. Their minimum loan amount is $1,000,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 6 months. Maximum duration of 1 year. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 13%.
These descriptions are limited information and meant for general reference purposes.
5230 Las Virgenes Rd. Ste. 105
Cerritos,
CA
90703
Business Purpose Loans arranged through Anchor Loans, LP (DFPI CFL License No.603K850 and NMLS ID No. 2289894) and Anchor Nationwide Loans, LLC (NMLS ID No.1401101). For more information, please see Licensing. Anchor Loans, LP and its affiliates offer loans for business purposes only and not for personal, family, or household use. Nothing represented in this website shall be considered a commitment to lend. All loans made are subject to underwriting and due diligence until a definitive loan agreement is signed.
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