CALL US AT: (610) 645-5555
NO DOC / STATED INCOME PRIVATE MONEY LENDER
NO TAX RETURNS! Loans $100,000 to $5,000,000
COMMERCIAL REAL ESTATE MORTGAGE FINANCING
(we do not lend on any owner-occupied residential homes)
Red Star Mortgage is a Non-Bank small balance commercial mortgage lender providing
flexible, fast, favorable fixed rate loans.
Simple process: application, credit report + appraisal = funding!
Conditional Approvals issued in 24 hours!
Fast closings with minimal documentation and paperwork in under 30 days!
MIXED USE COMMERCIAL/RESIDENTIAL
RETAIL SHOPPING CENTERS (Anchored, Regional Tenants or Local Tenants OK)
AUTO SERVICE AND REPAIR
SINGLE TENANT COMMERCIAL
SPECIAL USE BUILDINGS
Purchase, Refinance, Unlimited and Unrestricted CASH OUT
75% LTV Max
80% LTV case-by-case with excellent credit
Minimum 600 Fico Score (program available with no minimum credit requirement)
30 YEAR Commercial Mortgage, 30 Year Amortization and Term
NO PROPERTY DEBT SERVICE COVERAGE FOR REFINANCE LOANS UNDER $500,000
NO PROPERTY DEBT SERVICE COVERAGE FOR PURCHASE LOANS UNDER $750,000
A PERFECT alternative to bank’s rigid lending guidelines and excellent fit for the self-employed borrower or investors with 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
We also provide ASSET BASED FAST CLOSE BRIDGE LOANS – East Coast Lending is our focus from Florida thru Maine along the Northeastern Corridor preferred.
Call to review your financing scenarios with our deal team at 610-645-5555
RED STAR MORTGAGE IS THE ORIGINAL NO-DOC/STATED COMMERCIAL REAL ESTATE LENDER! Since 2002!
**MANY BANKS HAVE PAUSED COMMERCIAL LENDING
Red Star is actively providing debt for CRE!
Our common-sense underwriting gives us an edge over any competitor. We're creative, flexible and fast lending our own capital on deals that make sense.
30 Year Fixed Rates! Low Doc/Stated! No Tax Returns, Streamlined close. All property types considered. Nationwide. Bank turndowns and maturing loans-call us.
Perfect Alternative to SBA for owner users.
Call today to review your deal! You will be glad you did!