Member Profile
Chuck Cefalu
Director
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Tenex Business Leaders |
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Ameristar Financial Corporation 61 Rowland Street Suite 213 Ballston Spa, NY 12020 (518) 880-2780 Website |
| Business and Company Details:
Ameristar Financial Corporation is a private mortgage lender located in upstate, New York. 'The Company provides mortgage financing to real estate investors, contractors and business owners. The Company finances single and multi-family rental properties, short term rentals, bank foreclosures and other distressed properties, commercial, mixed use, single purpose and other investment real estate. ' The Company specializes in Fix and Flip financing, Buy and Hold financing, short term financing, renovation financing and new construction financing. ' The Company prides itself in its ability to fund quickly in a little as 48 hours and finance properties that are not readily financeable by a traditional bank or credit union. Through a subsidiary, Ameristar purchases large amounts of bank foreclosed homes and resells them to real estate investors and provides the acquisition and renovation financing. Unlike traditional lenders that rely on fully documented loan applications with qualification based on credit history and debt to income ratios, Ameristar is an Equity-Based lender that focuses on the income generated from a property and the Exit strategy. Ameristar also provides specialized 30-year DSCR mortgage loans that do not require tax returns or financials and is a limited documentation loan that focuses on the rental income generated by the property. ' |
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| Gold Star Information Year Joined: 2024 |
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