starfund capital lending parameters

Non-Owner Occupied SFR, Condo, 2-4 Unit

Commercial loans

StarFund commercial financing options are designed for small balance commercial real estate properties such as office , retail, light industrial/warehouse, self-storage, automotive, and many more.

General Guidelines
Purpose: Purchase and refinance transactions
Loan Amounts: $100k – $10MM
Rates: Starting at 4.99%
Term: 1 and 2 Year(s) Interest Only and 30 years fully amortized
Credit Score: Minimum Score 575
Foreign Nationals: No score required
Prepayment Premium: 1 to 5 years step down prepayment penalty
Lender Fees: 0 - 3%
States Approved: See map attached
Underwriting Guidelines
Funding: Within 15 days to 30 days
Income Verification: No Income Verification
Down Payment: Bank Statement only – No Seasoning
Reserve Requirements: Proof of 3 months post closing reserves
Appraisal Process: Streamline depending on state to state
Escrows: Not impounds required at 70% LTV or less

*All rates, programs and pricing subject to change at any time. This rate sheet is intended for use by mortgage professionals only and is not an advertisement under section 226.24 of Regulation Z, and is not intended for use by the general public.

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