San Ramon, CA 94853
Phone 1•925•837•7752
Fax 1•925•837•7108
info@directnetgroup.com
Samuel F. Pierce, President
spierce@directnetgroup.com
Property Types
We lend on most types of property in most parts of the country. Not all programs will be available in every state. Whatever your need may be, please contact us, since chances are we can help.
If you don't see your type of property in the following list, please contact us as it's next to impossible to name every type of property that we can and do lend on.
We Lend On:
Apartments, Mixed Use; Office & Professional Buildings; Medical, Nursing & Retirement Facilities; Hotels, Motels & Condotels; Commercial condos; Industrial Malls: Large and small; Mobile Home Parks; Sports & Recreational Facilities; Retail; Car Washes & Gas Stations; Single-use properties such as Churches and Schools; Restaurants; Manufacturing & Processing Facilities; Ranches & Agricultural; Unimproved Land; Development: Commercial; Non-Conforming Property and more.
Loan Programs
Just about as many as there are kinds of property
"Bank-Grade" Loans
Available to most customers on most types of property, these are typically the programs that feature the most favorable rates and terms. Terms vary from true adjustable rate programs (ARM), "intermediate" ARM's (3, 5 & 7 year fixed) to fixed rates up to 15 years or longer in some cases.
"Portfolio" Programs
Often characterized by somewhat higher interest rates or greater down payment/equity requirements, these loans work for property and/or customer credit grades that don't fit into the guidelines for the Bank-Grade.
SBA
The Small Business Administration (SBA) makes several programs available to lenders for clients who operate their businesses from their own commercial buildings.
Basic Program Features:
1. Owner must operate a business from property being financed (part of property can be rented.)
2. Lower down payments than regular commercial loans.
3. Financing available for non-real estate (equipment and inventory) purchases.
4. Loan can be cross-collateralized (other real estate can help secure loan.)
"Cash-out" refinances are available under most programs. In many cases we can combine a first and second loan to achieve your goal.
925.837.7752 spierce@directnetgroup.com
