Breaking bank rules: Red Star Mortgage delivers fast, flexible CRE loans
- MAREJ
- 7 minutes ago
- 1 min read
Gary Polao
Executive Managing Director
Red Star Mortgage
Headquarters: Philadelphia
Years with company/firm: 20+ Years
Years in field: 20+ Years Area of Interest:
Non-Bank Lending - Small Balance Commercial Real Estate Loans for Owner User & Investment property Nationwide, loan sized typically under $5MM.
Who is your target market?
Owners and Users of debt capital for income producing commercial real estate. Sponsors that are frustrated with banks rigid guidelines and long time lines come to us for quick execution and attention to their deals along with the longest terms available for commercial mort gages – 30 YEARS!
What separates you from the competition?
We underwrite the PROPERTY to ensure debt service support, NOT the borrower. Unlike banks, we look to the property and are not concerned with personal income or global cash-flows.
Name some of your most unique qualities/reasons why someone should do business with your financial institution?
As a non-bank private lender, we lend on all deals that make sense. Common Sense underwriting and approvals based on understanding the “Story” of the deal. It’s easy,we look at the property, the borrower and the loan request and if it makes sense, we APPROVE!