Funded Loans
Malibu, CA - Ground-Up Construction
$8,030,000 - 1st Position
Thanks to a very well-organized borrower, North Star was able to close this construction loan in record time - approximately one week, start to finish. The project is a luxury single-family spec home.
![Screen Shot 2024-04-05 at 2.14.31 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/b644baea18af487495341a844315c186/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202024-04-05%20at%202.14.31%20PM.png)
BRENTWOOD, CA - GROUND-UP CONSTRUCTION LOAN
$4,843,000 - 1st Position
North Star has funded this construction loan for a new spec home with a seasoned developer in the Brentwood neighborhood of Los Angeles. This loan was funded in less than two weeks thanks to a well-organized borrower and broker.
![Screen Shot 2024-04-05 at 2.36.15 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/fa49521b08864353a9e108dc7040aa10/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202024-04-05%20at%202.36.15%20PM.png)
Sonoma, CA - Working Capital LOC
$1,550,000 - 1st Position
North Star was able to provide a working capital line of credit for a repeat borrower who is working to secure permits on the subject properties. The loan is secured by one vacant parcel and one small single-family rental property.
![Screen Shot 2023-10-02 at 5.42.33 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/accea1f8406c442c9a94fd7543cb00d1/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-10-02%20at%205.42.33%20PM.png)
San Francisco - Construction-Completion Loan
$1,100,000 - 2nd Position
The fund has recently funded a construction-completion loan in 2nd position to allow for the completion and sale of the property.
![Screen Shot 2023-10-02 at 2.50.20 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/eaba0c2e9c0346488af960a0bb8944a3/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-10-02%20at%202.50.20%20PM.png)
Sonoma - Ground-Up Construction Loan
$4,780,000 - 1st Position
The North Star Capital Fund has recently closed a construction loan for a new vineyard estate in downtown Sonoma.
![Screen Shot 2023-09-20 at 3.49.46 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/c244f322686e40979948be9dac75f011/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-20%20at%203.49.46%20PM.png)
San Diego - Ground-Up Construction Loan
$3,120,000 - 1st Position
North Star has recently closed this ground-up construction loan on a 4-unit property in the Lincoln Park neighborhood of San Diego.
![Screen Shot 2023-09-05 at 5.57.48 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/c770b8815bc247928897c94a7449a3aa/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.57.48%20PM.png)
Malibu, CA - Ground-Up Construction
$6,940,000 - 1st Position
North Star is excited to announce the closing of a construction loan which will provide for the rebuild and upgrade of a home lost in the Woolsey fire.
![Screen Shot 2023-09-05 at 5.47.27 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/f30c8d804af0483eaef7d1477c2a4a67/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.47.27%20PM.png)
Venice Beach, CA - Ground-Up Construction
$1,955,000 - 1st Position
North Star has closed on a construction loan for a new single-family spec home in a desirable street in Venice Beach.
![Screen Shot 2023-09-05 at 5.49.08 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/b505a5a265a246d29511de5474ed1f44/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.49.08%20PM.png)
Oceanside, CA - Ground-Up Construction
$4,970,000 - 1st Position
North Star is excited to have closed on this construction loan on a small condo development in a very desirable coastal neighborhood.
![Screen Shot 2023-09-05 at 5.39.46 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/f750d614e72547158602d0588ba9f777/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.39.46%20PM.png)
Los Angeles, CA - Ground-Up Construction
$6,483,000 - 1st Position
North Star funded this ground-up construction loan on a hillside development in the Hollywood Hills. With the most difficult and riskiest site work already completed, North Star was able to provide the vertical construction financing to complete the home.
![Screen Shot 2023-09-05 at 5.33.02 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/cd82112deaa6428bb319792140be787b/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.33.02%20PM.png)
Oakland, CA - Condo-Conversion
$6,251,000 - 1st Position
North Star funded this construction loan to convert a commercial building into 13 new, free market, for-sale units.
![Screen Shot 2023-09-05 at 5.28.39 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/d3e031ff7f74453e904b322130643e7d/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.28.39%20PM.png)
Los Angeles, CA - Ground-Up Construction
$6,122,000 - 1st Position
North Star funded this ground-up construction loan on a small apartment building in a desirable market in LA.
![Screen Shot 2023-09-05 at 5.25.33 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/f632cae45e9542dc9f4245bb9ce692aa/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.25.33%20PM.png)
Santa Rosa, CA - Cash Out
$537,000 - 2nd Position
North Star funded this cash-out loan secured by stabilized assets as working capital for a repeat borrower and General Contractor.
![Screen Shot 2023-09-05 at 6.11.27 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/c491caa2eb4e4755943d8d9c9c4e230c/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%206.11.27%20PM.png)
Malibu, CA - Ground-Up Construction
$6,080,000 - 1st Position
North Star has closed on a new construction loan to rebuild and upgrade this property which was lost in a wildfire.
![Screen Shot 2023-09-05 at 5.42.56 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/d2ab7bc2a3ec4b928f39d61b3fddbc8b/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.42.56%20PM.png)
Hollister, CA - Construction-Completion
$467,000 - 1st Position
North Star was able to quickly provide the remaining costs to complete this project which had been borrower-funded up until running out of funds.
![Screen Shot 2023-09-05 at 5.11.45 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/c090f919baad473ebb264fd9f470e23c/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.11.45%20PM.png)
San Francisco, CA - Fix & Flip
$851,000 - 1st Position
North Star is thrilled to have funded this fix and flip loan for a long time repeat borrower at attractive terms.
![Screen Shot 2023-09-05 at 5.17.23 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/b0a7b58c1fb74a168ecc526aa9b5a38c/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.17.23%20PM.png)
Los Angeles, CA - Fix & Flip
$1,053,000 - 1st Position
North Star funded this fix and flip loan in an attractive Windsor Square neighborhood in LA.
![Screen Shot 2023-09-05 at 4.56.24 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/d41a6a19f0ae46f2a3e11c7ec1543550/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%204.56.24%20PM.png)
San Francisco, CA - Renovation
$2,339,000 - 1st Position
North Star funded this construction loan to provide for the complete upgrade of this asset so the long-term owner could get maximum value in the sale of the asset.
![Screen Shot 2023-09-05 at 5.20.17 PM.png](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/edd851359ba34161ba281225a2e6db40/1/4SoifmQp45JMgBnHiBhVe/Screen%20Shot%202023-09-05%20at%205.20.17%20PM.png)
Greenbrae, CA - Fix & Flip
$2,512,000 - 1st Position
North Star funded this fix and flip loan in a desirable area in Marin County.
![Allegra+Diggins+-+249+1st+St+W+-+31.jpeg](https://static.spacecrafted.com/ca1ac6ec8fd04b709d9268ea8dce8e8c/i/ba909cca25674e3c9d13c7a89fcc222e/1/4SoifmQp45JMgBnHiBhVe/Allegra%2BDiggins%2B-%2B249%2B1st%2BSt%2BW%2B-%2B31.jpeg)
Sonoma, CA - Cash Out
$2,900,000 - 1st Position
North Star made this cash-out working capital loan on a contractor's 100% completed project at <50% LTV to allow the builder to apply the capital to ongoing construction and entitlement of other Sonoma projects.