Direct Commercial Funding expands its underwriting Staff to meet high demands.
Houston, TX (PRWEB) November 29, 2012
Commercial financier Direct Commercial Funding Inc. has announced the opening of a new business office in Houston’s Galleria area. The Post Oak Avenue facility will assist the firm’s Louisiana Street corporate office in processing commercial loans nationwide.
Calvin D. Blake, the firm’s managing director, notes that residential construction appears to be emerging from recession, according to government figures, and that the volume of financing applications is rising in tandem.
“We are encouraged by the steady increase in commercial loan applications we have experienced over recent months,” Blake says. “Expanding into a second location makes sense and will allow us to better service our new and existing clients.”
The federal Commerce Department recently reported that housing starts rose to their highest rate in more than four years during October 2012, which suggests to many that the housing market recovery is gathering steam.
"A broadening up-trend in house prices, home equity, housing starts, and inventory clearing are key developments which will help position the market for stronger growth next year, and beyond," adds Blake.
His firm—a leading private commercial lender—specializes in delivering customized solutions and a full menu of loan and financing programs to commercial construction & land developers, investors and commercial real estate professionals domestically and internationally.
Direct Commercial Funding’s website lists short-term commercial loans, mixed use, and equity capital funding as its chief services. And as a competitive commercial funding lender the firm takes pride in providing fast commercial funding.
“When it comes to rapidly assessing commercial lending opportunities, we can’t be beat. And we provide the highest loan to value ratios with lower conventional interest rates than our competitors,” adds Blake.
Direct Commercial Funding’s full range of products and services are explained on the firm’s website at DirectCommercialFunding.com. Readers may also speak directly to a representative by calling 877-239-7933.