New York Real Estate Journal - Bulletin Board Listings

Post a Bulletin Board Listing


Commercial property for lease in Pleasant Valley, NY On extremely busy road over 16,000 cars a day. 2.2 Acres small building was formerly a garden center. Parking spaces and curb appeal

  • Company:
    RED STAR COMMERCIAL FUNDING
  • Contact:
    Gary Polao
  • Email:
    gpolao@gmail.com
  • Phone:
    610-578-0715
  • Fax:
  • Date:
    05/06/2014
RED STAR COMMERCIAL REAL ESTATE FUNDING NO DOC, STATED INCOME COMMERCIAL REAL ESTATE PROGRAM NON BANK LENDING FOR SELF EMPLOYED A PERFECT alternative to bank’s rigid lending guidelines and excellent fit for the self-employed borrower or those with slightly 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 CPA LETTER 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 MINIMUM 650 MID FICO SCORE We also do BRIDGE LOANS! Offering Fast, Flexible and Favorable fixed rate loans for almost all income producing Commercial real estate including Multi-Family, Mixed-Use, Retail, Office, Strip Centers, Warehouse, Self-storage, Automotive Services, etc. Loan Sizes from $100,000-$5,000,000, Purchase, Refinance and Unlimited CASH OUT! LTV’s to 75%, 80% CLTV with secondary note! National lending footprint, no rural markets, No raw land, No rehabs, No construction financing is being considered at this time. Contact us Today to review your loan scenario at 610-578-0715. # # # #

  • Company:
    RED STAR COMMERCIAL FUNDING
  • Contact:
    Gary Polao
  • Email:
    gpolao@gmail.com
  • Phone:
    610-578-0715
  • Fax:
  • Date:
    05/06/2014
NEW YORK - Commercial Real Estate Asset Based Private Bridge Loan Fund - $1,000,000 - $100,000,000 Today’s challenging economy has left many quality commercial real estate properties un-stabilized. More restrictive underwriting standards have left such properties unable to qualify for conventional, life insurance or CMBS loans. Additionally, significant headwinds in the banking system and the regulatory environment are forcing healthy banks to dramatically reduce their commercial real estate exposure and service only existing clients. For those banks that are willing to lend, their appetite is often limited to owner occupied properties, and renewals for their most valuable existing clients. That's where RED STAR COMMERCIAL FUNDING steps in. Our value-add bridge loan product fills the large void in the market created by the credit crisis and provides the critical time and capital to get a property stabilized. Our experienced team offers certainty of delivery on transactions under tight closing deadlines. We are able to execute and close in many cases in less than 10 days - Nationwide! Red Star provides Bridge Loans ranging from $2 million to $50 million. (Smaller loans on a case-by-case basis). Typical properties – Leverage up to 80% LTC • Apartments / Multi-Family • Industrial • Office and Medical Office • Retail – Shopping Centers, Malls – Single and Multi-Tenant • Mixed-use • Hospitality • Flex (Office / Warehouse) • Special-use (limited appetite) Typical Situations • “Lease-Ups” that provide time to get property occupied • Properties that don’t meet bank underwriting criteria • Foreclosure purchases • Discounted payoffs (DPOs) • Construction loan take-outs • Cash-out financing • Repositioning’s / transitional properties • Opportunistic purchases that need to close fast • Interim bridge financing • Refinancing of maturing loans • Tight closing deadlines • Properties exiting bankruptcy • Insufficient cash flow generated by commercial real estate • Sponsor cash flow or net worth constraints • Short time frame for repayment • Partner buyouts • Hard money loans Why Red Star? • Speed and Certainty of Execution • Much Faster than any conventional lender • Fills a void in market caused by stress in the community banking system • Less expensive than bringing in an equity partner, especially on an after-tax basis • Unique situations, Opportunistic situations • Transitional or un-stabilized properties • Asset based underwriting • Less expensive than a hard money lender Contact us today at 610-578-0715 to review your situation and financing needs. # # # # Gary Polao, Managing Director RED STAR COMMERCIAL REAL ESTATE FUNDING Multi Family – Net Lease Finance – CMBS Lender 610-578-0715 Direct 610-578-0716 Fax E-Mail: gpolao@gmail.com LinkedIN: http://www.linkedin.com/pub/gary-polao/8/660/8b3 Red Star Mortgage Corporation is a Direct Lender and private commercial finance investment company based in Philadelphia, PA. We are an NREI Top Ranked Best-of-the-Best for 2013 Commercial Real Estate Mortgage Banking and Advisory Firm, specializing in providing debt for commercial real estate nationwide.