||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
RED STAR COMMERCIAL FUNDING
|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 PAY STUBS
NO YTD PROFIT & LOSS
NO 12-24 MONTHS BUSINESS BANK STATEMENTS
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.
# # # #
RED STAR COMMERCIAL FUNDING
|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
• Office and Medical Office
• Retail – Shopping Centers, Malls – Single and Multi-Tenant
• Flex (Office / Warehouse)
• Special-use (limited appetite)
• “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
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.