$1 - $10 Million Loan Program - Non Recourse

[Gary]

Commercial Real Estate Capital Markets -

National Small Balance Non-Recourse Conduit Program

 

$1 Million – $10 Million Loan Program

 

Loan terms

Product:                Non-recourse, fixed-rate loans on stabilized commercial properties

 

Loan size:             $1 million – $10 million  (Higher sizes available deal-by-deal)

 

Property types:   Office, light industrial, retail, multifamily, shopping centers, manufactured home communities (MHC),

      self-storage facilities, Warehouse, Single Tenant Credit Rated NNN's – Inquire about other asset types.

 

Locations:            Continental U.S. with populations greater than 50,000 in a five-mile radius and generally located within top 200 MSA’s

 

Term:                   5 and 10 years; 30 year amortization

 

Interest rate spread: Quoted over corresponding swap rate; based on property type, quality, loan size,  terms, characteristics, and credit quality                      

 

Maximum LTV:  75%

 

Minimum DSCR: 1.30

 

Minimum debt yield: 10%

 

Prepayment:    Defeasance available, with no prepayment penalty during the last 3 months of the term.

              Lockout period (no prepayment permitted) for the earlier of 4 years from loan closing or 2 years after securitization

 

Liability:              Non-recourse except for standard carve-outs to borrower and key principal(s)

 

Impounds:           Taxes, insurance, cap ex, and TI/LCs (if applicable)

 

Third-Party/Legal: $15,000 total capped cost (includes third party reports), and $5,000 legal fee.

                                 This fee  is significantly lower than Wall Street based CMBS Conduits.

 

Closing:                Within 45-60 days

 

Servicing:          Commercial Mortgage Servicing performed by the originating lender to maintain the relationship with you, post-closing.

 

Addition securitized products: Fixed-rate CMBS-executed loans above $10 million along with floating and fixed-rate balance sheet loans from $3 million to more than $200 million.

 

 Contact us Today for more information:  610-578-0715 Email: [e-mail]

 

RED STAR MORTGAGE CORPORATION ®

All Loans are subject to credit approval.

 

Gary Polao, Managing Director

RED STAR COMMERCIAL REAL ESTATE FUNDING

Multi-Family Housing & Healthcare Lender l CMBS Conduit   

[phone] Direct

[phone] Fax

E-Mail: [e-mail]

 

Red Star Mortgage Corporation, together with its affiliated companies, is a financial services and private investment company located in Philadelphia, PA. Red Star originates and structures complex financing for all types of multifamily and commercial real estate properties.  The majority of the financing is facilitated through the Fannie Mae Delegated Underwriter and Servicer (DUS) and FHA/HUD Multifamily Accelerated Processing (MAP) programs. Debt-Equity is also provided for Senior Housing, Assisted Living Facilities, Skilled Nursing and Hospitals. Conventional and portfolio bridge loans provided for Office, Retail, hospitality, sale/leasebacks, NNN Investment grade credit tenant lease transactions.