Anchor Loans, a provider of financing to real estate investors and entrepreneurs, has launched a single-family rental (SFR) investor loan program as an addition to its industry-leading loan offerings.
“Our new SFR program will give experienced investors extremely competitive, long-term financing options for rental portfolios and properties, delivered with the same speed and customer care that has always been Anchor's trademark,” said Andrew Pollock, Anchor’s CEO. “Our capital strength and our ability to do larger deals will also be competitive advantages for us in the rental space.”
The program, which covers investor portfolios as well as single properties, features 30-year fixed-rate and interest-only options. Flexible guidelines include: DSCR loans with LTVs to 80 percent (cash out, refinance and purchase), closing without an appraisal, and FICO scores as low as 620. Properties include one- to four-units, four-plus units, townhouses, condos and PUDs. Long-t
