Mobile Star Corp. (MBSTD.QB) Announces Real Estate Division Loan Underwriting Criteria and Tuesday, March 13, 2012, Week Thre...
09 March 2012 - 10:00PM
Marketwired
MOBILE STAR CORP. (OTCQB: MBSTD) (PINKSHEETS: MBSTD) is pleased to
announce its real estate division loan underwriting criteria.
MBST's Real Estate Division will consider income producing
properties, except owner occupied residential, in the Continental
U.S. Target properties should have cash flow to service debt, taxes
and insurance and a current appraisal. Loan to Value Ratios (LTV)
should be in the 75% range, and borrower rates should be less than
10%. The Division has no pre-payment penalty; however, origination
fees will be charged. Loan package requests can be submitted via
email to RE@mobilestarcapital.com, by clicking
www.mobilestarcapital.com or by calling Mobile Star's Real Estate
Division at 1-646-512-5809.
The Tuesday, March 13th, 2012 shareholders call will discuss new
real estate loan opportunities.
The shareholder calls are scheduled every Tuesday at 4:05PM
eastern time and are open to all Mobile Star shareholders by
dialing 1 (559) 726-1300. The participant code is 662-692.
About Mobile Star Corp. (MBSTD.QB) Mobile
Star Corp. www.mobilestarcapital.com was incorporated in Delaware
on December 25th, 2007 and is an evolving company. Most recently,
the new company CEO has initiated board-approved additional
business focuses to existing course of business, including
acquisition and financing of companies in socially responsible
sectors of U.S. economy with "disruptive" products and strong
management teams.
Forward-Looking Statements: A number of
statements contained in this press release are forward-looking
statements that are made pursuant to the safe harbor provisions of
the Private Securities Litigation Act of 1995. These
forward-looking statements involve a number of risks and
uncertainties, including timely development, and market acceptance
of products and technologies, competitive market conditions,
successful integration of acquisitions and the ability to secure
additional sources of financing. When used in this document, words
such as "could," "plan," "estimate," "expect," "intend," "may,"
"potential," "should," and similar expressions are forward-looking
statements.
Contact Mobile Star Corp. Real Estate Division
1-646-512-5809
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