San Ramon, CA 94853
Phone 1•925•837•7752
Fax 1•925•837•7108
info@directnetgroup.com
Samuel F. Pierce, President
spierce@directnetgroup.com
Commercial Construction
Loans for building (or re-building) almost any type of commercial property.
Acquisition and Development
Loans to private parties, contractors and developers for the purchase of land and construction of buildings.
Rehab
Loans for the re-building of residential or commercial property due to damage or deterioration.
Home improvement and re-model loans fall under this category as well.
| Construction Loan Terms (typical) | |
| Term: | Up to 24 months (longer terms available subject to nature of project) |
| Interest Rate: | Prime rate plus a margin depending on nature of loan |
| Repayment: | Monthly interest-only payments on amount of loan outstanding at any given time |
| Fund Control: | Third party company used for review, inspections and disbursement of funds |
| Maximum Loan Amounts: | Typically calculated at the lesser of:
80% of costs (all costs, hard & soft) or 70% of completed value |
| Permanent (take-out) Financing: | We will obtain a forward commitment for a permanent (long-term) loan prior to funding of construction loan. |
As with all our programs, our Construction Loans feature both Bank-Grade and Alternative plans.
Contact us to begin your project today.
925.837.7752 - spierce@directnetgroup.com
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