All Star Financial Services

About All Star Financial Services

All Star Financial Services is private lender based in Woodland Hills, CA. They offer loans throughout California. They offer loans for a variety of needs and situations, including hard money loans for commercial properties, buy and hold loans, and fix-and-flip hard money loans. Their loan guidelines are flexible, including loan amounts ranging from $100,000 to $10,000,000. They make loans on all of the following types of properties: single family homes, multi-family units, apartments, offices, retail storefronts, mixed use buildings, and industrial facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial

Areas Served: CA

Licenses: Cal BRE# 01195900, NMLS# 329146

Lending Guidelines for All Star Financial Services

Below are the general loan guidelines published on the All Star Financial Services website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by All Star Financial Services.

Loan Example 1

All Star Financial Services makes a fix-and-flip loan to Johnnie for a rehab project in Los Angeles, CA, on a house that is listed for $200,000. The terms of the note include a 55% loan to value (LTV), so he must bring 45% of the price as cash at closing, which makes the principle loan amount $110,000. The terms of the deal also stipulate a two percent origination fee which will be paid at the closing and a 6 month, interest-only note with a 8% interest rate.

In accordance with the parameters of the note, Johnnie will have to contribute a $2,200 origination fee in addition to 45% of the sales price, or $90,000, based on the 55% LTV. Once the deal is closed and Johnnie takes over the project, he will begin making payments each month of $733 to All Star Financial Services ($110,000 principle x 8% / 12 months). If Johnnie sells the house for $300,000 after 6 months, he would make a total profit of $93,400 after deducting the principle of $110,000, the money contributed at the close of $90,000, the origination fee of $2,200, and the aggregate interest payments of $4,400. This profit does not include remodeling costs.

Loan Example 2

All Star Financial Services issues a fix and flip loan to Gayle for a rehab project in Los Angeles, CA. The loan includes the following:

$380,000 sales price
85% loan-to-value (LTV)
6 month term
9% rate of interest
2% origination fee

Based on a $532,000 sales price at the end of the 6 month term, the outcome for the project would look like this:

$532,000 sales price
- $323,000 principle (85% LTV)
- $57,000 cash paid at closing (15% on 85% LTV)
- $6,460 origination points (2% of the $323,000 principle)
- $14,535 interest payments (6 months x 9% interest)
-----------------------
= $131,005 total profit (does not include taxes or renovation costs)

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