Allstar Capital Group

About Allstar Capital Group

Allstar Capital Group is an Encinitas, CA based private lender providing loans throughout California. They offer loans for a variety of needs and situations, including construction loans, commercial loans, hard money refinancing, and fix and flip hard money loans. Their loan guidelines are flexible, including loans with a maximum LTV of 70%, rates starting at 8.99% , and terms between 1 year and 3 years. They provide loans on all the following types of properties: single family units, multi family residences, apartment buildings, offices, retail spaces, mixed use, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans

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

Areas Served: CA

Licenses: Real Estate Broker, CA Bureau of Real Estate License #01526738

Lending Guidelines for Allstar Capital Group

Below are the general loan guidelines published on the Allstar Capital Group 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 Allstar Capital Group.

Loan Example 1

Don takes a fix and flip loan from Allstar Capital Group in order to rehab a condo to resale in Los Angeles, CA. The sales price of the house is $190,000. Because the lender sets a 70% loan to value, Don will be required to put 30% down and the total amount of the note will be $133,000. The parameters of the note also stipulate a four point origination fee that will be paid at closing and a 6 month, interest only note with a 10% interest rate.

Don will have to contribute $57,000 to the closing (30% on the 70% LTV), plus he will pay the $5,320 origination fee. he will then pay $1,108 monthly to Allstar Capital Group. Assuming Don sells the renovated house for $275,500 at the end of the 6 month term, his gross profit (not accounting for renovation expenses) would be $73,530. This is calculated by taking the sales price ($275,500) and subtracting the principle ($133,000), the origination cost ($5,320), the money he contributed to closing ($57,000), and the total interest expenses ($6,650).

Loan Example 2

Allstar Capital Group makes a loan to Clarence for a rehab project in Los Angeles, CA. The deal includes the following:

a) A $150,000 sales price, b) a 85% loan to value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 3% origination fee.

If Clarence succeeds in his goal of a $195,000 sales price, the outcome of the project will be the following:

$195,000 sales price
- $127,500 principle (85% LTV)
- $22,500 cash paid at closing (15% on 85% LTV)
- $3,825 origination fee (3% of the $127,500 principle amount)
- $8,925 total interest paid (6 months x 14% interest)
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= $32,250 gross profit (does not include taxes or rehab costs)

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