Gary's Posts - Real Estate Finance
2024-03-29T11:48:41Z
Gary
https://realestatefinance.ning.com/profile/Gary
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NO DOCUMENTATION / STATED INCOME LOANS – NON BANK LENDER
tag:realestatefinance.ning.com,2014-10-07:6517464:BlogPost:200916
2014-10-07T23:11:30.000Z
Gary
https://realestatefinance.ning.com/profile/Gary
<p>NO DOCUMENTATION / STATED INCOME LOANS – NON BANK LENDER<br></br> COMMERCIAL REAL ESTATE BACKED FINANCING UP TO $5,000,000!</p>
<p>Flexible, fast and favorable fixed rate loans for income producing real estate!<br></br> Simple process: Application, Credit score, appraisal = funding!</p>
<p>Multi-Family, Mixed-Use, Office, Retail, Shopping Centers, Warehouse, Self-Storage, Automotive.<br></br> 1-4 unit Investor property, Non-Owner Occupied, Condo’s and SFR’s also eligible for program.</p>
<p>Loan sizes:…</p>
<p>NO DOCUMENTATION / STATED INCOME LOANS – NON BANK LENDER<br/> COMMERCIAL REAL ESTATE BACKED FINANCING UP TO $5,000,000!</p>
<p>Flexible, fast and favorable fixed rate loans for income producing real estate!<br/> Simple process: Application, Credit score, appraisal = funding!</p>
<p>Multi-Family, Mixed-Use, Office, Retail, Shopping Centers, Warehouse, Self-Storage, Automotive.<br/> 1-4 unit Investor property, Non-Owner Occupied, Condo’s and SFR’s also eligible for program.</p>
<p>Loan sizes: $100,000 – $5,000,000 Million Dollars<br/> Loan Types: Purchase, Refinance, Un-limited CASH OUT OK<br/>
Minimum Credit Required: 650 Fico Score<br/>
Loan Term: 30 Year Fully Amortizing Loan, fixed for initial 5 years. (No Balloon or Maturity)<br/>
Underwriting: Maximum LTV is 75% Secondary Financing Allowed to 80 CLTV!<br/>
Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork.<br/>
Rates: Competitive Pricing determined deal-by-deal, based on loan amount, credit profile, property type.</p>
<p>Generally lending somewhere between bank and hard money but with lower monthly payments!<br/> We do not lend on raw land, vacant properties, rehabs or construction projects.</p>
<p>A PERFECT alternative to bank’s rigid lending guidelines and excellent fit for the self-employed<br/> borrower or those with slightly less than optimal credit scores;</p>
<p>NO TAX RETURNS<br/> NO PROOF OF INCOME<br/>
NO PERSONAL DEBT SERVICE COVERAGE REQUIREMENTS<br/>
NO INCOME VERIFIED<br/>
NO ASSETS VERIFIED (for purchase will verify down payment)<br/>
NO W2s<br/>
NO PAY STUBS<br/>
NO YTD PROFIT & LOSS<br/>
NO 12-24 MONTHS BUSINESS BANK STATEMENTS<br/>
NO 4506<br/>
NO BALLOON PAYMENT<br/>
NO MAXIMUM NUMBER OF PROPERTIES OWNED <br/>
NO EMPLOYMENT VERIFICATION<br/>
OK FOR SALARIED/W2’D BORROWER<br/>
MINIMUM 650 MID FICO SCORE</p>
<p>“VALUE ADD” ASSET BASED BRIDGE LOANS TO $50,000,000 Nationwide.</p>
<p>If you need a transitional bridge loan, be sure to contact us, lowest pricing of all major bridge providers,</p>
<p>highest leverage to 85% LTV and this includes Hospitality properties!<br/> We also will lend on Residential Blanket Portfolio’s, including single family packages starting at only $500,000.<br/>
# # # #</p>
<p>Gary Polao, Managing Director<br/> RED STAR COMMERCIAL REAL ESTATE FUNDING<br/>
Multi Family – Net Lease Finance – CMBS Lender<br/>
610-578-0715 Direct<br/>
610-578-0716 Fax<br/>
E-Mail: gpolao@gmail.com<br/>
Please see LinkedIN Profile for additional information.</p>
<p>Red Star Mortgage Corporation is a Direct Lender and private commercial finance investment company <br/> based in Philadelphia, PA. We are an NREI Top Ranked Best-of-the-Best for 2013 Commercial Real Estate <br/>
Mortgage Banking and Advisory Firm, specializing in providing debt for commercial real estate nationwide.</p>
NO DOC, STATED INCOME COMMERCIAL REAL ESTATE LOANS $100,000 to $5,000,000!
tag:realestatefinance.ning.com,2014-06-06:6517464:BlogPost:179383
2014-06-06T01:12:30.000Z
Gary
https://realestatefinance.ning.com/profile/Gary
<p>NO DOCUMENTATION / STATED INCOME LOANS<br></br> COMMERCIAL REAL ESTATE FINANCING: $100K - $5,000,000!</p>
<p>Offering flexible, fast and favorable fixed rate loans for almost all income producing commercial real estate property types, simple process credit + appraisal = funding!</p>
<p>Multi-Family, Mixed-Use Commercial, Office, Medical Office, Retail, Strip Centers, Warehouse, Self-Storage Facilities, Automotive Services and all General Purpose Real Estate. 1-4 unit Investor, Non-Owner…</p>
<p>NO DOCUMENTATION / STATED INCOME LOANS<br/> COMMERCIAL REAL ESTATE FINANCING: $100K - $5,000,000!</p>
<p>Offering flexible, fast and favorable fixed rate loans for almost all income producing commercial real estate property types, simple process credit + appraisal = funding!</p>
<p>Multi-Family, Mixed-Use Commercial, Office, Medical Office, Retail, Strip Centers, Warehouse, Self-Storage Facilities, Automotive Services and all General Purpose Real Estate. 1-4 unit Investor, Non-Owner Occupied, CONDO’S and SFR’s also eligible.</p>
<p>Loan sizes: $100,000 – $5,000,000 Million Dollars!!!!!<br/> Loan Types: Purchase, Refinance, Un-limited and Un-restricted CASH OUT<br/>
Minimum Credit Required: 650 Fico Score<br/>
Loan Term: 30 Year Fully Amortizing Loan, fixed for initial 5 years. (No Balloon or Maturity)<br/>
Underwriting: Maximum LTV is 75% for Multi Family / 65% LTV General Purpose RE. <br/>
Secondary Financing Allowed to 80 CLTV!<br/>
Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork.<br/>
Territory: Nationwide – 43 States. All markets and locations considered except rural locations.<br/>
Rates: Competitive Rates determined deal-by-deal, based on loan amount, credit profile. <br/>
We do not lend on raw land, vacant properties, rehabs or construction projects.</p>
<p>A PERFECT alternative to bank’s rigid lending guidelines and excellent fit for the self-employed borrower or those with slightly less than optimal credit scores;</p>
<p>NO TAX RETURNS <br/> NO PROOF OF INCOME<br/>
NO PERSONAL DEBT SERVICE COVERAGE REQUIREMENTS<br/>
NO INCOME VERIFIED<br/>
NO ASSETS VERIFIED (for purchase will verify down payment)<br/>
NO W2s<br/>
NO PAY STUBS <br/>
NO YTD PROFIT & LOSS <br/>
NO 12-24 MONTHS BUSINESS BANK STATEMENTS <br/>
NO 4506 <br/>
NO BALLOON PAYMENT <br/>
NO MAXIMUM NUMBER OF PROPERTIES OWNED <br/>
NO EMPLOYMENT VERIFICATION<br/>
OK FOR SALARIED/W2’D BORROWER<br/>
MINIMUM 650 MID FICO SCORE</p>
<p>We also provide ASSET BASED BRIDGE LOANS!</p>
<p>Gary Polao, Managing Director<br/> RED STAR COMMERCIAL REAL ESTATE FUNDING<br/>
Multi Family – Net Lease Finance – CMBS Lender<br/>
610-578-0715 Direct, 610-578-0716 Fax<br/>
E-Mail: gpolao@gmail.com</p>
<p>Red Star Mortgage Corporation is a Direct Lender and private commercial finance investment company based in Philadelphia, PA. We are an NREI Top Ranked Best-of-the-Best for 2013 Commercial Real Estate <br/> Mortgage Banking and Advisory Firm, specializing in providing debt for commercial real estate nationwide.</p>
ASSET BASED COMMERCIAL REAL ESTATE LENDING PLATFORM - $2MM - $100 MILLION NATIONWIDE!
tag:realestatefinance.ning.com,2014-06-06:6517464:BlogPost:179545
2014-06-06T01:10:36.000Z
Gary
https://realestatefinance.ning.com/profile/Gary
<p></p>
<p></p>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><span style="font-size: 16.0pt; font-family: 'Times New Roman','serif';">Red Star Commercial Real Estate Funding:</span></p>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><b><span style="font-size: 20.0pt; font-family: 'Times New Roman','serif';">Commercial Real Estate Asset Based…</span></b></p>
<p></p>
<p></p>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><span style="font-size: 16.0pt; font-family: 'Times New Roman','serif';">Red Star Commercial Real Estate Funding:</span></p>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><b><span style="font-size: 20.0pt; font-family: 'Times New Roman','serif';">Commercial Real Estate Asset Based</span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><b><span style="font-size: 20.0pt; font-family: 'Times New Roman','serif';">Private Bridge Loan Fund -</span></b> <b><span style="font-size: 18.0pt; font-family: 'Times New Roman','serif';">$2,000,000 - $100,000,000</span></b></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">Today’s challenging economy has left many quality commercial real estate properties un-stabilized.</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">More restrictive underwriting standards have left such properties unable to qualify for conventional,</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">life insurance or CMBS loans. Additionally, significant headwinds in the banking system and the</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">regulatory environment are forcing healthy banks to dramatically reduce their commercial real estate</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">exposure and service only existing clients. For those banks that are willing to lend, their appetite is often</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">limited to owner occupied properties, and renewals for their most valuable existing clients.</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">That's where RED STAR COMMERCIAL FUNDING steps in. Our value-add fast close bridge loan product</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">fills the large void in the market created by the credit crisis and provides the critical time and capital to get a</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">property stabilized. Our experienced team offers certainty of delivery on transactions under tight closing deadlines.</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">We are able to execute and close in many cases in less than 10 days - Nationwide!</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';"> </span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">Red Star provides Bridge Loans ranging from $2 million to $100 million.</span></p>
<p class="MsoNoSpacing"><span style="font-family: 'Times New Roman','serif';">(Smaller loans on a case-by-case basis, $1 million in NYC, larger loan sizes also considered).</span></p>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><span style="font-size: 18.0pt; font-family: 'Times New Roman','serif';">Typical properties – Leverage up to 80% LTC</span></p>
<ul type="disc">
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Apartments / Multi-Family</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Industrial</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Office and Medical Office</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Retail – Shopping Centers, Malls – Single and Multi-Tenant</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Mixed-use Commercial</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Hospitality</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Flex (Office / Warehouse)</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Special-use (limited appetite)</span></li>
</ul>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><span style="font-size: 18.0pt; font-family: 'Times New Roman','serif';">Typical Situations</span></p>
<ul type="disc">
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">“Lease-Ups” that provide time to get property occupied</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Properties that don’t meet bank underwriting criteria</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Foreclosure purchases</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Discounted note payoffs (DPOs)</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Construction loan take-outs</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Cash-out financing</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Repositioning’s / transitional properties</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Opportunistic purchases that need to close fast</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Interim bridge financing</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Refinancing of maturing loans</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Tight closing deadlines</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Properties exiting bankruptcy</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Insufficient cash flow generated by commercial real estate</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Sponsor cash flow or net worth constraints</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Short time frame for repayment</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Partner buyouts</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Hard money loans</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo2; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Auction Properties</span></li>
</ul>
<p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><span style="font-size: 18.0pt; font-family: 'Times New Roman','serif';">Why Red Star?</span></p>
<ul type="disc">
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Speed and Certainty of Execution</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Much Faster than any conventional lender</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Fills a void in market caused by stress in the community banking system</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Less expensive than bringing in an equity partner, especially on an after-tax basis</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Unique situations, Opportunistic situations</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Transitional or un-stabilized properties</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Asset based underwriting</span></li>
<li class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; tab-stops: list .5in;"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman';">Less expensive than a hard money lender</span></li>
</ul>
<p class="MsoNormal"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif';">Contact us today at 610-578-0715 to review your situation and financing needs.</span></p>
<p class="MsoNormal"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif';"> </span></p>
<p class="MsoNormal"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif';">Permanent conventional loans also provided at lowest rates, best terms available!</span></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"># # # #</p>
<p class="MsoNormal"><span style="color: #1f497d;"> </span></p>
<p class="MsoNormal"><span style="color: #1f497d;">Gary Polao, Managing Director</span></p>
<p class="MsoNormal"><span style="color: #1f497d;">RED STAR COMMERCIAL REAL ESTATE FUNDING</span></p>
<p class="MsoNormal"><span style="color: #1f497d;">Multi Family – Net Lease Finance – CMBS Lender</span></p>
<p class="MsoNormal"><span style="color: #1f497d;">610-578-0715 Direct</span></p>
<p class="MsoNormal"><span style="color: #1f497d;">610-578-0716 Fax</span></p>
<p class="MsoNormal"><span style="color: #1f497d;">E-Mail: <a href="mailto:gpolao@gmail.com">gpolao@gmail.com</a></span></p>
<p class="MsoNormal"><span style="color: #1f497d;">LinkedIN: <a href="http://www.linkedin.com/pub/gary-polao/8/660/8b3">http://www.linkedin.com/pub/gary-polao/8/660/8b3</a></span></p>
<p class="MsoNormal"><span style="color: #1f497d;"> </span></p>
NO DOC, STATED INCOME COMMERCIAL LOANS to $5,000,000!
tag:realestatefinance.ning.com,2014-04-20:6517464:BlogPost:170022
2014-04-20T00:57:53.000Z
Gary
https://realestatefinance.ning.com/profile/Gary
<p>NO DOC, STATED INCOME COMMERCIAL LOANS to $5,000,000!<br></br> April 2014 Program Update</p>
<p>NEWLY REVISED ELIGIBILITY GUIDELINES FOR 2ND QUARTER - 2014 TRANSACTIONS!</p>
<p>*** NO DOC MAX LOAN AMOUNTS RAISED TO $5,000,000 MAX AND 75% LTV ***</p>
<p>Multi-Family, Mixed-Use, Office, Retail, Strip Centers, Warehouse, Self-Storage Facilities,<br></br> Automotive Services and General Purpose Real Estate. Including CONDO’s, 1-4 Unit Investor.<br></br> Loan sizes: $100,000 – $5,000,000 Million…</p>
<p>NO DOC, STATED INCOME COMMERCIAL LOANS to $5,000,000!<br/> April 2014 Program Update</p>
<p>NEWLY REVISED ELIGIBILITY GUIDELINES FOR 2ND QUARTER - 2014 TRANSACTIONS!</p>
<p>*** NO DOC MAX LOAN AMOUNTS RAISED TO $5,000,000 MAX AND 75% LTV ***</p>
<p>Multi-Family, Mixed-Use, Office, Retail, Strip Centers, Warehouse, Self-Storage Facilities,<br/> Automotive Services and General Purpose Real Estate. Including CONDO’s, 1-4 Unit Investor.<br/>
Loan sizes: $100,000 – $5,000,000 Million Dollars!!!!!<br/>
Loan Types: Purchase, Refinance, Un-limited and Un-restricted CASH OUT<br/>
Minimum Credit Required: 650 Fico Score<br/>
Loan Term: 30 Year Fully Amortizing Loan, fixed for initial 5 years. (No Balloon or Maturity)<br/>
Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork.<br/>
Territory: Nationwide – All markets and locations considered. No rural markets.<br/>
Rates: Very competitive rates determined deal-by-deal, based on loan amount, credit profile.</p>
<p>We do not lend on raw land, vacant properties, rehabs or construction projects at this time.</p>
<p>NO TAX RETURNS<br/> NO PROOF OF INCOME<br/>
NO PERSONAL DEBT SERVICE COVERAGE REQUIREMENTS<br/>
NO INCOME VERIFIED<br/>
NO ASSETS VERIFIED (for purchase will verify down payment)<br/>
NO W2s<br/>
NO PAY STUBS<br/>
NO YTD PROFIT & LOSS<br/>
NO 12-24 MONTHS BUSINESS BANK STATEMENTS<br/>
NO 4506<br/>
NO BALLOON PAYMENT<br/>
NO MAXIMUM NUMBER OF PROPERTIES OWNED<br/>
NO EMPLOYMENT VERIFICATION<br/>
OK FOR SALARIED/W2’D BORROWER<br/>
MINIMUM 650 MID FICO SCORE</p>
<p>We also fund ASSET BASED BRIDGE LOANS!</p>
<p>Please inquire today with your commercial real estate lending scenario.<br/> 610-578-0715 E-mail: gpolao@gmail.com</p>
STATED INCOME COMMERCIAL REAL ESTATE LENDER - NO TAX RETURNS! 75% LTV MULTI-FAMILY LOANS!
tag:realestatefinance.ning.com,2013-08-06:6517464:BlogPost:97181
2013-08-06T23:36:24.000Z
Gary
https://realestatefinance.ning.com/profile/Gary
<p></p>
<p></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b><span style="font-size: 24.0pt;">RED STAR MORTGAGE CORPORATION</span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"> </p>
<p align="center" class="MsoNormal" style="text-align: center;"><b><span style="font-size: 14.0pt;">STATED INCOME COMMERCIAL REAL ESTATE LOAN PROGRAM…</span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"></p>
<p></p>
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<p class="MsoNormal" style="text-align: center;" align="center"><b><span style="font-size: 24.0pt;">RED STAR MORTGAGE CORPORATION</span></b></p>
<p class="MsoNormal" style="text-align: center;" align="center"> </p>
<p class="MsoNormal" style="text-align: center;" align="center"><b><span style="font-size: 14.0pt;">STATED INCOME COMMERCIAL REAL ESTATE LOAN PROGRAM</span></b></p>
<p class="MsoNormal" style="text-align: center;" align="center"><span style="color: #1f497d;"> </span></p>
<p class="MsoNormal" style="text-align: center;" align="center">PERFECT FOR SELF-EMPLOYED BORROWERS, NO PROOF OF INCOME REQUIRED, NO GLOBAL DEBT SERVICE COVERAGE REQUIREMENTS.</p>
<p class="MsoNormal" style="text-align: center;" align="center">STREAMLINED PROCESS FROM APPLICATION TO CLOSING – CREDIT REPORT, PROPERTY APPRAISAL & CLOSING IN 40 DAYS!</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"> </p>
<p class="MsoNormal" style="margin-top: 0in; margin-right: 0in; margin-bottom: 9.8pt; margin-left: 8.0pt; text-align: center; line-height: 11.0pt; mso-line-height-rule: exactly;" align="center"><a name="bookmark2" id="bookmark2"></a><span class="Bodytext6"><b>Lending Guidelines</b></span></p>
<div align="center"><table class="MsoNormalTable" style="border-collapse: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 0in 0in 0in;" border="0" cellspacing="0">
<tbody><tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; height: 29.05pt; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: 29.05pt; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Documentation</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: 29.05pt; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;">NO Tax returns, NO w-2’s, NO proof of income is required. Credit & Appraisal.</p>
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<tr style="mso-yfti-irow: 1; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Loan Amounts</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">$250,000 - $2,000,000</span></p>
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<tr style="mso-yfti-irow: 2; height: 52.3pt; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: 52.3pt; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Loan Purpose</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: 52.3pt; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="margin-top: 0in; margin-right: 0in; margin-bottom: 6.0pt; margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> <span class="Bodytext">Purchase</span></p>
<p class="BodyText1" style="margin-top: 6.0pt; margin-right: 0in; margin-bottom: .0001pt; margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; mso-list: l0 level1 lfo1; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> <span class="Bodytext">Refinance (rate/term & cash-out)</span></p>
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<tr style="mso-yfti-irow: 3; height: 65.5pt; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: 65.5pt; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Property Types</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: 65.5pt; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="margin-bottom: 9.0pt; text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext"> Class I: multifamily (5+ units) & mixed-use</span></p>
<p class="BodyText1" style="margin-top: 9.0pt; margin-right: 0in; margin-bottom: .0001pt; margin-left: 59.0pt; line-height: 13.2pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">Class II: office, retail, warehouse, self-storage, automotive services</span></p>
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<tr style="mso-yfti-irow: 4; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Debt Coverage Ratio (DCR)</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">Class I: 1.20 | Class II: 1.25</span></p>
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<tr style="mso-yfti-irow: 5; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Loan-to-Value (LTV)</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">Class I: 70-75% LTV | Class II: 65-70% LTV</span></p>
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<tr style="mso-yfti-irow: 6; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Fixed Period</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">3 & 5 year options</span></p>
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<tr style="mso-yfti-irow: 7; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Minimum FICO</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">650 Middle Score</span></p>
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<tr style="mso-yfti-irow: 8; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Pricing</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">Rates starting in 7-8% range with 30 Am and No Balloon or Maturity</span></p>
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<tr style="mso-yfti-irow: 9; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Terms</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">30 year loan / 30 year fully amortizing</span></p>
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<tr style="mso-yfti-irow: 10; height: .4in; mso-height-rule: exactly;"><td style="width: 163.45pt; border-top: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-bottom: none; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Prepayment Penalty</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; border-bottom: none; background: white; padding: 0in .5pt 0in .5pt; height: .4in; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="text-align: justify; text-indent: 0in; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext">Equal to the fixed period</span></p>
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<tr style="mso-yfti-irow: 11; mso-yfti-lastrow: yes; height: 103.2pt; mso-height-rule: exactly;"><td style="width: 163.45pt; border: solid windowtext 1.0pt; border-right: none; background: #E0E0E0; padding: 0in .5pt 0in .5pt; height: 103.2pt; mso-height-rule: exactly;" width="218"><p class="Bodytext50" style="margin-left: 21.0pt; line-height: 8.5pt; mso-line-height-rule: exactly; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span class="Bodytext5">Red Star Advantage</span></p>
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<td style="width: 305.5pt; border: solid windowtext 1.0pt; background: white; padding: 0in .5pt 0in .5pt; height: 103.2pt; mso-height-rule: exactly;" width="407"><p class="BodyText1" style="margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 17.5pt; mso-line-height-rule: exactly; mso-list: l1 level1 lfo2; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> <span class="Bodytext">Simple loan documents</span></p>
<p class="BodyText1" style="margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 17.5pt; mso-line-height-rule: exactly; mso-list: l1 level1 lfo2; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> <span class="Bodytext">No loan committees</span></p>
<p class="BodyText1" style="margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 17.5pt; mso-line-height-rule: exactly; mso-list: l1 level1 lfo2; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> <span class="Bodytext">Common sense underwriting</span></p>
<p class="BodyText1" style="margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 17.5pt; mso-line-height-rule: exactly; mso-list: l1 level1 lfo2; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> NO Tax Returns, W-2’s, Paystubs or proof of income required</p>
<p class="BodyText1" style="margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 17.5pt; mso-line-height-rule: exactly; mso-list: l1 level1 lfo2; background: transparent; mso-element: frame; mso-element-frame-width: 468.95pt; mso-element-wrap: no-wrap-beside; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: column; mso-element-left: center; mso-element-top: .05pt; mso-height-rule: exactly;"><span style="font-size: 8.5pt; mso-fareast-font-family: Arial; color: black;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt 'Times New Roman';"> </span></span></span> <span class="Bodytext">Quick Closings - 30-45 days!</span></p>
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<p class="MsoNormal"><span style="font-size: 1.0pt; color: black;"> </span></p>
<p class="BodyText1" style="margin-top: 8.9pt; margin-right: 0in; margin-bottom: 15.6pt; margin-left: 8.0pt; text-align: center; text-indent: 0in; line-height: 12.25pt; mso-line-height-rule: exactly; background: transparent;" align="center"><span class="Bodytext"><span style="font-size: 8.5pt;"> </span></span></p>
<p class="BodyText1" style="margin-top: 8.9pt; margin-right: 0in; margin-bottom: 15.6pt; margin-left: 8.0pt; text-align: center; text-indent: 0in; line-height: 12.25pt; mso-line-height-rule: exactly; background: transparent;" align="center"><span class="Bodytext"><b>With our objective strategy and common sense approach, we aim to help you capitalize on the growing opportunities in our small balance commercial niche.</b></span></p>
<p class="Bodytext70" style="margin-top: 0in; margin-right: 0in; margin-bottom: 19.75pt; margin-left: 8.0pt; line-height: 11.5pt; mso-line-height-rule: exactly; background: transparent;"><a name="bookmark3" id="bookmark3"></a><span class="Bodytext7"><b>(610) 578-0715</b></span> <span class="Bodytext7"><b>RED STAR MORTGAGE CORPORATION</b></span></p>
<p class="Bodytext70" style="margin-top: 0in; margin-right: 0in; margin-bottom: 19.75pt; margin-left: 8.0pt; line-height: 11.5pt; mso-line-height-rule: exactly; background: transparent;"><span class="Bodytext8"><span style="font-size: 6.5pt;">*The above parameters are general guidelines only and are subject to change without notice. Transactions will be considered on a case-by-case basis.</span></span> <span class="Bodytext8Bold"><span style="font-size: 6.5pt;"> </span></span></p>
<p class="MsoNormal" style="text-align: center;" align="center">Gary Polao, Managing Director</p>
<p class="MsoNormal" style="text-align: center;" align="center">RED STAR COMMERCIAL REAL ESTATE FUNDING</p>
<p class="MsoNormal" style="text-align: center;" align="center">Multi-Family l NNN Lease Finance l CMBS Conduit Lender</p>
<p class="MsoNormal" style="text-align: center;" align="center">610-578-0715 Direct</p>
<p class="MsoNormal" style="text-align: center;" align="center">610-578-0716 Fax</p>
<p class="MsoNormal" style="text-align: center;" align="center">E-Mail: <a href="mailto:gpolao@gmail.com">gpolao@gmail.com</a></p>