new construction loans

Address: 5230 Las Virgenes Rd, Suite 105Calabasas, CA 91302
91302
Long Business Description:

Anchor Loans is the nation’s number one private direct lender to fix-and-flip investors, and was the first to fund more than $1 billion in loans in a single year. Anchor remains the industry leader, providing over $1 billion in fix-and-flip financing every year since 2016 — with life-to-date fundings surpassing $7.74 billion.

Loans

  • Fix-and-flip loans can fund the purchase and renovation of residential investment properties. They’re typically short-term and offer quick closing on non-owner occupied properties in any condition. Anchor Loans can quickly fund your next fix-and-flip project with ease and reliability.
  • A new construction hard money loan can be used to finance the acquisition and construction of real estate properties. Anchor Loans can quickly fund your next construction project with speed, ease, and reliability.
Business Website Address: https://www.anchorloans.com/
Business Phone Number: (888) 214-2791
Address: 55 E. 59th St., Sixth Floor
New York, NY 10022
Long Business Description:

Loan Programs:

Spec Revolving Lines:

The SPEC Revolver / 5 Year Line program is for professional builders wanting to better optimize pricing and terms. Just as with our Construction Loans, expect nothing less than impeccable service including a dedicated loan representative and the potential for same-day draws. Make your funding reliable, simple, and fast.  If you would be a first-time client, consider starting your Builder Finance Inc. relationship with a regular Construction Loan before progressing to this.

Cost:

  • Rates as low as 6.99% fixed.
  • 2-3 points total for the entire 5-year term.

Maximum loan-to-cost:

  • 99%

Features:

  • “Skip” monthly payments.
  • Same day draws possible.
  • Projects up to $3.5+ million.

Construction Loans:

Interest rate:

  • 4.99 to 7.99% rate.
  • No monthly interest rate payments (14 months).

Maximum loan-to-cost:

  • 75% (65% new borrower).
  • 85% possible if land subordinate.

Features:

  • Same day draws possible.
  • Limited recourse available
  • And more…

Rental Loans:

    1 point. 4.25%-6.25% fixed rate.
5/2 ARM for investors wanting certainty and flexibility.
We fund and service Investment Property Loans

Loans to Acquire or Refinance an existing investment property:

PRICING: 5 Years = LOW Rates = 4.25%-6.25% investment property mortgage rates.

FLEXIBILITY: A 2-year extension option if need more time at the greater of Prime +1% and the rate during the initial term.

SERVICE: Unlike many lenders, we fund AND service our own investment property loans – we’re just an email or phone call away to help!

Build-2-Rent:

Single close, 5-year term.

The smart, easy way to build a rental property and then to hold it as a rental. One loan closing. Great terms. Great rates. Consistent service – we fund and hold our loans on the balance sheet. 

TERMS:

Size:

  • Loan size $100,000 – $650,000. Call for larger loans.
  • Loan-to-cost  75% – subject to qualifications.

Structure:

  • Term: 5 years (1 year for construction).
  • Recourse: Full
  • Payment: Year 1: Interest only with interest reserve. Years 2-5: Interest only available.

Costs:

  • Origination fee: 2%
  • Interest rate: 6.50%
  • Other: Third-party cost, $500 closing fee.

 

Business Website Address: https://www.builderfinance.com/
Business Phone Number: 800.752.0401