Anyone have experience with Red Star Mortgage?

[Bob M.]

Hi-

Just checking if anyone has experience with a commercial lender called Red Star Mortgage? Found them while looking for a blanket cash out mortgage option for about 10-12 single family rentals I own. Talked to a guy there offering commercial 75% LTV 10 year term, 30 year am, rates around 5%, no seasoning requirement, individual property values they go as low as $40k but minimum $500k loan amount. 1.2 DSCR

Seems good on paper if you have a lot of relatively lower value properties with equity like I do, but they don't have much of a presence online so figured I would check here.

Thanks!