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North Star Lending, LLC

California's Short Term Lender

Summary of all Guidelines

Loan Types Bridge Loan, Hard Money Loan
Property Types 2-4 Units, Industrial, Multi Family, Office, Retail, SFR
Lendding Area california
Loan amount Minimum $250,000
Loan amount Maximum $2,500,000
Interest Rate Minimum 8.25%
Points Minimum 1st TD 1.5
Points Maximum 1st TD 3
Terms 1 year, 1.5 years
LTV Bridge 60
Upfront Fees Loan Documents

In most cases, we require approximately fourteen (14) calendar days from the time we receive all requested documentation to the time we can actually fund a loan. All loans are subject to underwriting approval. As a part of our underwriting process, we may require a formal walk-through of the property.

If the proposed loan meets our underwriting parameters and we determine that we are prepared to make the loan, we will issue a written Letter of Intent (LOI). The LOI is often issued and delivered to the proposed borrower within seven (7) calendar days from the time we receive all requested documentation. The proposed borrower will be required to countersign the LOI and return a copy to us along with a $1,000 non-refundable documentation fee (Fee). The Fee is deemed immediately earned upon receipt.

Once we receive the Fee and the check clears, we will immediately commence preparation of all required loan documentation.

North Star Lending, LLC is located in Los Angeles, California. They offer financing for Bridge Loans and Hard Money Loans. The property type they primarily lend against is SFR, Multi Family, Office, Industrial, Retail and 2-4 Units. Their minimum loan amount is $250,000. Their maximum loan amount is $2,500,000. They offer loans for a minimum Term of 3 months. Maximum duration of 1 year;1.5 years. Although rates can change they are typically lending at a minimum rate of 8.25%. Points charged are deal specific, but historically have charged a minimum of 1.5. Maximum points charged are 3.

These descriptions are limited information and meant for general reference purposes.
6300 Wilshire Blvd., Suite 1420
Los Angeles,