NO DOCUMENTATION / STATED INCOME – NON BANK DIRECT LENDER COMMERCIAL REAL ESTATE FINANCING: $100,000 - $5,000,000!
Offering flexible, fast and favorable fixed rate loans for income producing real estate! simple process; application, credit score, appraisal = funding! We are a non-bank commercial lender funding loans currently in 43 States.
Multi-Family, Mixed-Use, Office, Retail, Strip Centers, Warehouse, Self-Storage, Automotive Service. 1-4 unit Investor property, 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 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% Secondary Financing Allowed to 80 CLTV! Closing: 30 Day, Fast close with streamlined processing, minimal documentation and paperwork and no income verification. Rates: Competitive, determined deal-by-deal,based on loan amt,credit profile. Generally our pricing is somewhere between banks and hard money but with much lower monthly payments due to the longer amortization! 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 & 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 W2s NO PAY STUBS NO YTD PROFIT & LOSS NO 12-24 MONTHS BUSINESS BANK STATEMENTS NO 4506 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 “VALUE ADD” ASSET BASED BRIDGE LOANS TO $50,000,000!
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 over $2MM!
We also will lend on Residential Blanket Portfolio’s,including SFR packages.
Gary Polao, Managing Director RED STAR COMMERCIAL REAL ESTATE FUNDING 610-578-0715 Direct 610-578-0716 Fax E-Mail: email@example.com E-mail: firstname.lastname@example.org LinkedIN: http://www.linkedin.com/pub/gary-polao/8/660/8b3
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.
FOR MORE INFORMATION, PLEASE CALL US AT (610) 578-0715.
I would be very interested in receiving more information regarding your funding program, as I am in need of a funding source for my SFR projects.
Seeking funding for Single and Multi Family properties in East TN with each property approx. 50K-75K with
10K-15k of rehab and a net profit of 20K-30K. email@example.com
Also looking for funding for
commercial 2 duplex 6 unit property 200K making $32,400 yearly with $13,300 in approx. expenses.
Gary, like to know more about your product, please call me at 832-819-1822