Conventional Lending

Extremely Low Rates Starting in the high 5%’s – Low 6%’s *Updated Rate 9/1/22, Spread over Treasury

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 Starting at 4.25%
• 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