NO DOCUMENTATION / STATED INCOME LOANS
COMMERCIAL REAL ESTATE FINANCING: $100K - $5,000,000!
Offering flexible, fast and favorable fixed rate loans for almost all income producing commercial real estate property types, simple process credit + appraisal = funding!
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.
Loan sizes: $100,000 – $5,000,000 Million Dollars!!!!!
Loan Types: Purchase, Refinance, Un-limited and Un-restricted CASH OUT
Minimum Credit Required: 650 Fico Score
Loan Term: 30 Year Fully Amortizing Loan, fixed for initial 5 years. (No Balloon or Maturity)
Underwriting: Maximum LTV is 75% for Multi Family / 65% LTV General Purpose RE.
Secondary Financing Allowed to 80 CLTV!
Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork.
Territory: Nationwide – 43 States. All markets and locations considered except rural locations.
Rates: Competitive Rates determined deal-by-deal, based on loan amount, credit profile.
We do not lend on raw land, vacant properties, rehabs or construction projects.
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;
NO TAX RETURNS
NO PROOF OF INCOME
NO PERSONAL DEBT SERVICE COVERAGE REQUIREMENTS
NO INCOME VERIFIED
NO ASSETS VERIFIED (for purchase will verify down payment)
NO PAY STUBS
NO YTD PROFIT & LOSS
NO 12-24 MONTHS BUSINESS BANK STATEMENTS
NO BALLOON PAYMENT
NO MAXIMUM NUMBER OF PROPERTIES OWNED
NO EMPLOYMENT VERIFICATION
OK FOR SALARIED/W2’D BORROWER
MINIMUM 650 MID FICO SCORE
We also provide ASSET BASED BRIDGE LOANS!
Gary Polao, Managing Director
RED STAR COMMERCIAL REAL ESTATE FUNDING
Multi Family – Net Lease Finance – CMBS Lender
610-578-0715 Direct, 610-578-0716 Fax
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
Mortgage Banking and Advisory Firm, specializing in providing debt for commercial real estate nationwide.