Direct Commercial has seen a twenty percent increase in Commercial Construction Development Finaning Applications.
Houston, Tx (PRWEB) November 02, 2012
Direct Commercial Funding Inc., a leader in the commercial loan market, has announced plans to expand its commercial development financing division to meet increased market demand for such loans.
“We’ve seen a twenty percent increase in construction development financing applications in the two most recent business quarters,” says Calvin D. Blake, the firm’s managing director. “Whether the overall economy is improving remains uncertain, but there does appear to be growing interest in commercial and construction loans.”
Direct Commercial Funding Inc. is a direct private commercial lender based in Houston, Texas. The company delivers customized solutions and a full menu of loan and financing programs for business owners, developers, investors and commercial real estate professionals throughout North America and abroad.
Development financing can involve the purchase of individual commercial buildings or complexes, residential communities, or land destined for use in either.
The firm’s website states that it provides commercial funding for short-term commercial loans, mixed use, and equity capital with flexible terms. And that, as one of the largest commercial funding lenders, Direct Commercial Funding Inc. is committed to providing fast commercial funding in one business day.
“We are the world’s quick closing commercial lender providing the highest loan to value ratios with far lower conventional interest rates than our competitors,” notes Blake.
What loan types does DCF offer? According to Blake they vary by property type, but the firm does offer fully amortizing loans as well as term options from one to ten years fixed, plus variable rate loans. Their portfolio of clients includes a wide range of projects on several continents, with some projects running hundreds of millions of dollars in value.
For more information on Direct Commercial Funding Inc. and its products and services visit their website at DirectCommercialFunding.com or call 877-239-7933.