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First Star Capital is proud to offer small balance commercial mortgages. First Star's innovative program was designed to satisfy the unmet needs of the small business owner. Our flexible borrower-focused underwriting is our competitive advantage and it allows us to issue loans that most commercial lenders are unable to approve.
Compare the advantages of the First Star program:
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First Star Capital
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Traditional Commercial Mortgages
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- 48 - 72 hour pre-approvals
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- Loan committees can take weeks or months
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- 30 year amortizations with no balloons
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- 20 year amortizations with balloon payments
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- Underwriting takes into account both property and borrowers financial strength
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- Focus strictly on property's cash flow
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Loan amounts: |
$100,000 - $1,500,000 |
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Loan to value: |
up to 80% for owner occupied and investor properties |
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Credit score: |
660 and above |
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Terms: |
15, 20, 25 and 30 year loans - no balloon payments |
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Occupancy: |
Investor or owner occupied |
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Loan purpose: |
purchase or refinance with unlimited cash out |
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Loan types: |
2, 3, 5 and 7 year ARM's + fixed rate |
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Property types: |
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Multi-Use: |
office, medical office, office condo, retail, warehouse, light industrial, manufacturing, industrial and mixed use. |
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Other Use: |
auto service, major auto dealers, mobile home park, self storage and grocery stores |
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Special Use: |
bed & breakfast, hotel / motel and restaurants |
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Target Market: |
all 50 states |
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