Anchor Loans for Rhode Island investors
Anchor Loans is one of the oldest national hard money lenders. Long track record across multiple market cycles.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How Anchor Loans positions in Rhode Island
The Rhode Island lender pool for DSCR includes Anchor Loans among the active platforms. Rhode Island top metros (Providence, Warwick, Rhode Island) see meaningful Anchor Loans loan volume.
City-level coverage in Rhode Island
Anchor Loans provides DSCR coverage across Rhode Island metros including Providence, Warwick, and Rhode Island. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Anchor Loans program terms apply uniformly across Rhode Island metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $100K - $5.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 6-24 months |
| Typical close time | 10-21 days typical |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
Anchor Loans strengths in Rhode Island
- oldest national hard money lender
- experienced underwriting
- high-volume capacity
Ideal borrower: Experienced investor with track record
FAQ
Yes, operates nationally including Rhode Island. Anchor Loans is based in Calabasas, CA and operates nationally.
Providence is the top investor market in Rhode Island and falls within Anchor Loans national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. Anchor Loans typically underwrites Providence acquisitions at standard rate sheets.
Yes. Warwick ranks among the larger Rhode Island investor metros and sees consistent DSCR loan volume from Anchor Loans. Submarket variation within Warwick matters for property selection.
Anchor Loans applies the same rate sheet across Rhode Island metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Providence, Warwick, and Rhode Island all qualify for the same Anchor Loans program.
Anchor Loans indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
Rhode Island triple-decker market. Strict landlord-tenant. Anchor Loans follows standard business-purpose loan structures.
Anchor Loans funds fix-and-flip, BRRRR, rental, bridge in Rhode Island.
Rhode Island allows standard DSCR prepay structures; Anchor Loans typically uses 3-5 year step down.
Anchor Loans typical close: 10-21 days typical.
Bottom line
Anchor Loans in Rhode Island works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Anchor Loans.