NO DOCUMENTATION / STATED INCOME LOANS – NON BANK LENDER
COMMERCIAL REAL ESTATE BACKED FINANCING UP TO $5,000,000!
Flexible, fast and favorable fixed rate loans for income producing real estate!
Simple process: Application, Credit score, appraisal = funding!
Multi-Family, Mixed-Use, Office, Retail, Shopping Centers, Warehouse, Self-Storage, Automotive.
1-4 unit Investor property, Non-Owner Occupied, Condo’s and SFR’s also eligible for program.
Loan sizes: $100,000 – $5,000,000 Million Dollars
Loan Types: Purchase, Refinance, Un-limited CASH OUT OK
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% Secondary Financing Allowed to 80 CLTV!
Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork.
Rates: Competitive Pricing determined deal-by-deal, based on loan amount, credit profile, property type.
Generally lending somewhere between bank and hard money but with lower monthly payments!
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
“VALUE ADD” ASSET BASED BRIDGE LOANS TO $50,000,000 Nationwide.
If you need a transitional bridge loan, be sure to contact us, lowest pricing of all major bridge providers,
highest leverage to 85% LTV and this includes Hospitality properties!
We also will lend on Residential Blanket Portfolio’s, including single family packages starting at only $500,000.
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Gary Polao, Managing Director
RED STAR COMMERCIAL REAL ESTATE FUNDING
Multi Family – Net Lease Finance – CMBS Lender
Please see LinkedIN Profile for additional information.
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.