Loan amount: $1 Million to $2 BillionLoan Terms: 100% true debt service (all points, fees, closing and soft costs rolled into loan)3.1% fixed deferred Interest up to 5 years (based ONLY on amount drawn down to date)Optional perm financing at 6.1% fixed interest 20 year balloon; 30 year amortizationDraws have 48-72 hours turnaroundNo JV/Equity split on Projects below $10 MillionMaximum LTV: 70% based on 5 year stabilized valueTransaction Type: 100% A&D with Residential…See More
North Star Finance is a financial consulting firm located in Columbia Maryland, who has a direct relationship with a private lender. We assist in providing project financing for commercial development, commercial construction or rehabilitation, and all types of energy projects.
Our lender has relationships with Tier 1 Global Banks that cut the bank instrument and are back by the lender's syndicated group of investors. Our instruments are NOT leased !!
Our lender's Bank Instrument Loan Program is project driven and not based on borrower's credit. Our lender will consider 100% financing of the cost of the project, in most cases. The Bank Instrument Loan program provides construction / development financing with the option to secure permanent financing with the same lender.
The lender's Bank Instrument Loan Program offers the client interest only payments during construction with a deferred payment plan (construction/ development only). We insure that your cash flow remains at an optimum level. North Star will consider projects ranging from $10M to $1 billion.
North Star is also a licensed (MD #4250980) and bonded (Surety Bond # 3343921) bridge lender which will provide the bridge money to secure bank instrument financing. Our bridge financing is only offered on the Bank Instrument Loan Program. The bridge loan is interest free for 120 days. The Bank Instrument Loan Program will provide financing throughout the United States as well as Overseas.
You need to be a member of Real Estate Finance to add comments!