Conventional Commercial Mortgage - Full Doc Underwrite
Commercial Term Financing - Absolute Lowest Fixed Rates, PERIOD.
****This program is currently paused due to capital market disruption as of 7/1/2023.
not accepting new applications until further notice.
Who We Are;
Red Star Mortgage is a top ranked national commercial real estate mortgage banking and advisory firm that originates conventional loans exclusively for a private consortium of boutique commercial banks. We have built an exceptional reputation since 2002 for successfully structuring, placing, closing and servicing transactions with our capital partners and that gives our client’s priority attention and best in class pricing in a competitive and uncertain financing market. We have been actively lending throughout COVID-19.
What we Lend on:
Owner-user commercial real estate acquisition or refinance
Investor - Purchase or Refinance of income producing commercial real estate
Office, Medical Office, Retail Center, Warehouse/Industrial, Single Tenant NNN credit & non-credit.
Daycare, Self-Storage, Auto Repair, Schools, Auto Dealers, Restaurants (at lower LTV’s).
Loan terms
Loan Size $500,000 - $10,000,000
Collateral 1st lien on commercial real estate
Geography Major Metro Areas Nationwide
Terms 5+5, 7+3 or 10 Year Fixed – 25/25 for Owner User (Not SBA)
Rate Indicative Spreads over US Treasury Rates
Amortization 25 Years for most property types and deals
LTV 65% Max Loan to Value
Credit Score 675 we do not have hard and fast net worth or liquidity requirements
Closing Typically 45 days, smooth and streamlined funding process
Why borrowers come to us
Lowest Fixed Rates-- better than Life Co & CMBS – much lower costs, no yield maintenance PPP
Longer amortization desired for cash flow purposes – 25 years for most deals
We specialize in small balance commercial that many larger banks will not lend on
Need to close a loan quickly –we underwrite, approve and issue LOI’s within 48 hours
Special-purpose or unique property types considered, especially if owner user
Expanding outside of local geography – Out of State Borrowers and first-time investors approved
Don’t want to move banking relationship – we’re purely transactional and don’t want deposits
1031 Exchange Investors needing best pricing and certainty of close
Diversification of lending sources – spreading eggs into different baskets for protection and borrowing capacity.
Referrals from Bankers, Attorneys, Brokers, Financial Planners and CPA’s most welcome.
For more information contact:
Deal Team: (610) 645-5555
NATIONWIDE LENDING FOR OWNER OCCUPIED & INVESTOR REAL ESTATE
These loans are for highly qualified sponsors with excellent credit and strong personal financials.