Aggressive and specialized non-bank commercial real estate mortgage lender working with investors, developers, attorneys, accountants, self employed business owners, commercial real estate brokers, real estate agents, 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 started 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.
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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 implemented temporary underwriting guidelines, different from our usual guidelines but we are still lending on the right deals and have not halted funding.
· Purchase, Refinance & Cash Out
· Commercial Real Estate Secured Only - Loans $100,000 - $1,000,000 *higher amounts case-by-case
· Private Money Permanent Loans or Bridge
· Stated Underwriting, Approvals based on property cash flow, LTV and sponsor credit.
· 3 Year Arms or 30 Year Fixed Rate Option
· Deal must make sense. Maturing bank loans or turn downs welcome.
· LTV’s must not exceed 65%
· Red Star may require a 4 month debt service reserve for PIT.
Property Types for Funding:
· Grocery / Convenience, Liquor Stores
· Retail / Strip Malls
· Office Buildings
· Apartment Buildings and Mixed-Use Commercial/Residential
· Mobile Home Parks (no park owned homes)
· Medical Buildings
· Food Wholesale / Distributors
· Veterinary Clinics
· Pet Stores / Animal Feed
· Warehousing / Storage / Self Storage
Effective immediately, the following industries will be not be funded:
· Bars and Taverns, Night Clubs
· Nail Salons, Book Stores, Party Rental Stores
· Sports and Entertainment Venues
· Travel Agencies
· Clothing / Apparel Retailers
· Hotels / Motels / Assisted Living
This email is for discussion purposes only and intended for mortgage professionals.