NO DOC / STATED INCOME PRIVATE MONEY LENDER
NO TAX RETURNS! Loans $100,000 to $6,000,000
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 610-578-0715.