North star Financial Consultants is here to Assist Companies of All Sizes with Timely CASH INFUSIONS, Meeting their Cash-Flow , Project Funding and Immediate Finance Situations, Regardless of Industry in the USA.
We Offer the Following Non-Bank Private Finance Products: Accounts Receivables, Purchase Order Financing, Inventory Financing , Factor Services for All Industries, Equipment Sales and Leasing Financing for All Industries, Works-in-Progress Financing for Manufactures, Import-Export Financing for Most Industries, Governmental Contractor and Sub-Contractor Project Fulfillment Financing, Merchant Cash Advance Loans, Real Estate Acquisition, Rehabilitation and Refinance Financing for Residential and Commercial Projects.
WHAT ARE COMMERCIAL LOANS ?
Any Property that has a Commercial Use can be used as Collateral for a Commercial Loan. At North star, Our Lenders lend on All Types of Commercial Property from Office Buildings and Strip Malls to Large Shopping Centers ( With or Without an Anchor Tenant) that is Located within the Continental United States. They also Provide Rehabilitation and Construction Financing on Commercial Property and can easily Roll a Bridge Loan into Permanent Financing.
COMMERCIAL PROPERTY TYPES
OFFICE
SHOPPING CENTERS ,STRIP CENTERS
APARTMENT BUILDINGS
NO PAYMENT ON CONSTRUCTION HOLD-BACK !
No Payment on Construction Hold Back is HUGE ! Imagine Having to Pay on Money that You Don't Have Access to ? ! For instance, If You Borrow $1,000,000.00 US For the Construction Phase of Your Project at 9% Interest, You Would have to Pay $90,000.00 US Per Year on Monies that You Did Not Use. Assuming if the Purchase Money Loan is Also $1,000,000.00 US , Then your Effective Interest Rate is 18%.!
ACCOUNTS RECEIVABLES FINANCING ( FACTORING)
Low Risk Financing
Factoring is also called Accounts Receivable Financing, and it Works by Basing Your Cash Advance on the Outstanding Money to Your Business through Your Accounts for Work Already Completed. The reason A/R Cash Advances are Ideal for Businesses that have faced Turn-Downs From a Bank is because these are Debts from Clients with Good Payment Histories and the Lender Will Assume the Duty of Collecting those Payments.
Benefits of Financing Receivables
There are a Number of Key Benefits that Make this Ideal for Businesses that have had Trouble accessing Other Forms of Credit:
Payment Insurance on Your Customers at No Additional Cost to You.
No Loss of Equity or Additional Long-term Debt.
Make Cash Flow More Predictable.
Access Funds as Needed to Buy Supplies.
Managing Your Cash is the Key to Keeping Your Business Operating Smoothly, and that Consistent Operation is Possible When You have a Lending Partner Who has Designed a System to Work with Customers like You. North star stands Ready to Assist You.
PREFERRED BUSINESSES FOR ACCOUNTS RECEIVABLES :
Green Energy Companies
Dentists, Doctors, Dialysis Centers, Handicap Transportation Companies, Rehabilitation Services Companies, Real Estate Management Companies, Commercial Transportation Companies, Healthcare Maintenance Organizations (HMOs), Aerospace Service & Maintenance Companies, Commercial Cleaning Service Companies, Construction Companies, Plumbing Companies, Gas Stations, Convenience Stores, Manufacturing Companies, Hotels & Motels, Restaurants, Bars & Night Clubs, Fitness Centers, Beauty Salons, Auto Repair & Collision Repair Shops, Retail Stores, Furniture Stores, Sporting Goods Stores, Electronic Stores, E-Commerce Companies, Gift Shops.
BRIDGE LOAN
What is a Bridge Loan ?
Bridge Loan is a Term used by Private Money Lenders when
Originating a Non-Traditional Bank Loan. The term Bridge is a term used by People in the Industry to Bridge the Gap Between Construction Financing and Permanent Financing. The Lenders rely upon Originating Bridge Loans mainly on Borrowers Assets and Equity in the Underlying Collateral. These Loans are Most Suited for a Fix and Flip Investor that Needs Further Financing either until Closing of a Transaction or Reselling the Property usually Within Less than a Year's Time.
WHAT IS A FIX AND FLIP LOAN ?
In this day and Age, as Property Prices continue to Rise, Fix and Flip Projects have become a Prominent Form of Real Estate Income. A Fix and Flip Investment entails Purchasing a Property, Renovating and Repairing the Property, and Reselling the Property for a Higher Price to Attain a Profit. So Who funds these Loans ? Fix and Flip Loans are actually Difficult o Fund Because they are Usually Short-Term Loans. That's Why Rather than Using Conventional Methods of a Acquiring a Loan From the Bank, a Lot of Fix and Flippers Choose to Acquire their Loans From a Private Lender.
Our Private Lenders have Extensive Knowledge in the Real Estate Industry which Allows Them to Fund even the Most Difficult Fix and Flip Deals. We Offer Fix and Flip Loans All Over the United States with Interest Rates Starting at 7.49%.
North star understands that getting Access to Capital Can be Difficult for those involved in the Fix and Flip Industry. We will Work Hard to Help You to Fund Your Project(s) Quickly and Efficiently. We can also Offer Benefits such as No Pre-Payment Penalties, No Income Requirements and Minimal Paperwork. Call or Email Today For Immediate Assistance.
Our Lenders Lend in All 50 States.
1st Position Liens For Non-Owner Occupied ( NOO)Properties Only !
$100K-$50 M Loan Amounts
In-House Underwriting and Document Preparation.
48 Hour Funding.
Foreign Investors, Bankruptcies, Bad Credit, OK !
No Pre-Payment Penalties in Most Situations.
No Interest on Hold Backs. Points, , Interest Spread with Residual Income.
Get Paid every Month Through the Life of the Loan ( Investors Only !)
GROUND- UP CONSTRUCTION PROGRAM -85% Loan-to-Cost
Up to 85% of the Total Cost of the Project.
Up to 100% of the Construction Cost, 70% of the After Repair Value
12 Month Term.
Loan Extensions Available.
No Pre-Payment Penalty
Business Purpose Loans Only .
REHABILITATION LOANS ( With No Interest on Rehab Hold back)85% Loan-to-Value (LTV), 85% Loan-to-Cost ( LT C)
12 Month Term
Loan Extensions Available.
Business Purpose Loans Only.
RENTAL PROGRAM- 2+1
( 24 Months Loan with an Option to Extend for 12 Months)
75% Loan-to-Cost ( LT C)
Ready to Rent Properties
24 Month Term + One -Time Option for a 12 Month Extension at 1% Lender Fee.
6-Month Pre-Payment Penalty.
Business Purpose Only.
AUCTION FINANCING PROGRAM ( 65% Loan-to-Cost (LT C)/ Winning Bid
65% Loan-to-Cost
12-Month Terms
Loan Extensions Available.
No Pre-Payment Penalty.
Business Purpose Loans Only .
Value Assessment.
Rehabilitation Money if Needed.
Property Evaluation.
Non-Owner-Occupied.
LOAN TYPE: Live Auctions & Online Auctions.
Credit Score:Minimum 600 FICO.
Property Types: Single Family Homes, Condo, Multi-Family and Commercial Properties.
REHAB 90/100 PROGRAM
Up to 90%of the Purchase Price or 75% Loan-to-Value ( LTV)( Whichever is the Lesser of the Two)
Up to 100% of the Rehab Cost as long as the Total Loan Amount Does Not Exceed 70 of After Repair Value.
12 Month Terms.
Loan Extensions Available.
No Pre-Payment Penalty.
Business Purpose Loans Only.
CASH OUT & RE-FINANCE
Refinance & Cash Out/ Refinance
65% to 75% Loan-to-Value ( LTV)
12 Month Term.
Loan Extensions Available.
Business Purposes Lona Only.
SOURCES OF CAPITAL & TYPES OF LOANS:
Life Insurance Companies (70+)
Wall Street Funds
Hard Money Lenders
Mezzanine Lenders
Preferred Equity Lenders
Hedge Funds
Structured Debt Lenders
Equity Financing
Joint Venture Partners
Governmental Loans
FANNIE MAE
HUD
SBA 504 Loans
SBA 7a Loans
USDA/ B+ I
SECURITIES
INTERNATIONAL BANKING SYNDICATES
INVESTMENT BANKS
CONVENTIONAL LOANS
FARM/ AGRICULTURAL LOANS
FACTORING/ LEASING
BRIDGE LOANS
ASSET-BASED LENDERS
CHURCH LOANS
PREFERRED PROPERTY TYPES:
Medical Professionals, Dentists, Apartment Buildings ( Multi-Family), Churches, Nursing Homes, Assisted Living Facilities, Hotels/ Motels, Retail Shops, Convenience Stores, Gas Stations, Auto Repair Shops, Collision & Body Repair Shops, Day Care Facilities, Medical Parks, Mini-Storage, Industrial/ Warehouse Buildings, Manufactured Housing, Office Building, Self Storage Facilities, Hospitals, Surgical Centers, Reconciliation Centers, Shopping Centers, Strip Centers, INN &NNN Properties, Mixed-Use Properties, Singe-Credit Tenants, Marina Financing, High-End Pawn Services for Jewelry, Wine Collections, Fine Art, Coin Collections, Stamps, Autos, Airplanes, Yachts, Luxury Campers, and Much, Much More...