North Star Lending made a $210,000 commercial purpose loan secured by a deed of trust lien against a single family residence (income producing) in Los Angeles, California on the following terms:
•Loan Amount: $210,000
•Term: 12 months
•Fixed Rate: 9.975% per annum
•Points: 2 points
•Collateral: 2nd priority lien
•Non-Recourse / No Personal Guaranty
•2 x 6 month extension options, each costing a fee of 0.5%, with interest-rate re-set at time of exercise
•Interest only monthly installment payments with a balloon payment at time of maturity
