Aggressive and specialized non-bank commercial real estate mortgage lender working with investors, attorneys, accountants, self employed business owners, commercial real estate brokers, real estate agents, mortgage brokers and other users of capital.
Red Star Mortgage Corporation is a leading National Commercial Real Estate Mortgage Lender. Providing private commercial mortgage financing through our multiple debt funds. We offer unique and proprietary loan programs including a 30-Year Fixed Rate commercial loan that no bank will ever do, no minimum credit score requirements and minimal paperwork and documentation with a closing in 21 days!
We originate commercial mortgages for Multi-Family and Commercial Real Estate, including purchase, refinance, cash-out, bridge and permanent loans. Red Star’s deep capital markets experience, combined with our unparalleled financing expertise, enables the firm to provide customized creative financing options for our clients in the ever-changing capital markets.
Red Star Mortgage is a premier top-ranked nationwide commercial real estate lender and Institutional Debt funder. The firm was founded in 2002 and its principals have over 50 years of combined experience. We have earned the trust of our clients and work diligently to secure the smartest money for every transaction!
We are a National Real Estate Magazine (NREI) Top Ranked Best-of-the-Best for 2013-2020 capital provider specializing in originating debt for commercial real estate assets nationwide.
See Programs and borrowing options by clicking above
We are conveniently located in the Philadelphia Suburbs in the Great Valley Corporate Center Office Park, Malvern, Pennsylvania
2 GREAT VALLEY PARKWAY, SUITE 130 MALVERN, PA 19355
We have updated our underwriting guidelines back to Pre-Covid Levels with only a slight decrease in LTV.
We are lending on deals that make sense. Call or Email with any loan scenarios.
· Purchase, Refinance & Unlimited Cash Out on stated program
· Commercial Real Estate - Loans $200,000 - $5,000,000 *Nationwide Lending Footprint
· Private Money Permanent Loans or Bridge
· Stated Underwriting, Approvals based on property cash flow, LTV and sponsor credit.
· 30 Year Fixed Rate Term, 30 Year Amortization
· Deal must make sense and be able to support mortgage. Maturing bank loans or turn downs welcome.
· LTV’s must not exceed 75%
Property Types for Funding: - All General Purpose, Income Producing Property
· Grocery / Convenience, Liquor Stores - Most Small Commercial Properties OK
· Retail / Strip Malls - Occupancy Levels above 75% needed
· Office Buildings with stabilized occupancy
· Apartment Buildings and Mixed-Use Commercial/Residential
· Mobile Home Parks (no park owned homes)
· Medical Office
· Food Wholesale / Distributors
· Laundromat, Pharmacies, Veterinary Clinics, Pet Stores / Animal Feed
· Warehousing / Storage / Self Storage
Effective immediately, the following industries will be generally not be funded:
· Bars and Taverns, Night Clubs - *case by case small deals with LOW LTV OK
· Restaurants & Daycare (may consider selectively at 50 LTV or less)
· Sports and Entertainment Venues (case by case)
· Hotels / Motels / Assisted Living (case by case)
This email is for discussion purposes only and intended for mortgage professionals.
Red Star Mortgage has continued to actively lend throughout Covid-19 - We are now back to full capacity.
Here is what we are focusing on right now:
Commercial Real Estate Finance - $250K-$10MM Purchase, Refi, Cash out - Stated/Full Doc - Non-Recourse Rates Starting at 3.50%! 30-Year Fixed Program, no tax returns, fast, easy closing. We are lending EXPERTS!
Bridge Loans - $500K-$30MM
Fast Close short term transitional lending nationwide
Discretionary Capital, in-house decision making and common sense debt fund approvals!