Anchor Loans, Inc.
- Mike Urban
VP, National Lending
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 |
Bridge Loan | |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Terms | 1 year |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Vacant, Tenant |
| Updated as of | 2022-01-01 |
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 |
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 |
Explore our competitive programs online:
Bridge Loans:
Up to 80% LTV on 1 - 4 unit single family residential properties nationwide, and up to 9 unit multifamily residential properties in California
Fix and Flip Loans:
Up to 90% of purchase price, up to 100% of rehab costs
New Construction Loans:
Up to 85% LTC
Single Lot Spec, Infill, Small Lot Subdivision
Single-Family Rental Loans:
Up to 80% LTV (as-is-value)
Expand your offerings, impress your clients, and scale your business with Anchor Loans:
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.