Author - mollygavin

This is How We Nearly Doubled Our Business in 2015

We financed 82 loans, totaling more than $15MM in 2015 alone. These are just a few of the projects we financed in 2015. Whether your building, renovating, refinancing or some combination of the above, Direct can help make it happen. A big thanks to our clients – our success depends on your success. Here’s to continued growth in 2016.Small Loans $20,000 – Cash out refinance of a single family home / Darby, PA Large Loans $1,326MM – Land purchase + new construction / [...]

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What You Need To Know About The New Land Bank

Philadelphia has a new, streamlined system to sell off more than 8,000 city-owned, vacant properties to private developers. Last Wednesday, the Land Bank officially opened for business (after nearly two years in development). The city has already added hundreds of parcels and properties to the online database, and predicts there will be hundreds more by the end of the year. Previously developers “had to jump through hoops” and apply through various agencies to purchase publicly-owned vacant land. “Now, private [...]

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Deleniti nam porro quisquam ab temporibus

Quisque elementum nibh at dolor pellentesque, a eleifend libero pharetra. Mauris neque felis, volutpat nec ullamcorper eget, sagittis vel enim. Nam sit amet ante egestas, gravida tellus vitae, semper eros. Nullam mattis mi at metus egestas, in porttitor lectus sodales. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Voluptate laborum vero voluptatum. Lorem quasi aliquid maiores iusto suscipit perspiciatis a aspernatur et fuga repudiandae deleniti excepturi nesciunt animi reprehenderit similique sit. ipsum dolor sit amet, consectetur adipisicing elit. Qui at [...]

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Aliquam erat volutpat

Quisque elementum nibh at dolor pellentesque, a eleifend libero pharetra. Mauris neque felis, volutpat nec ullamcorper eget, sagittis vel enim. Nam sit amet ante egestas, gravida tellus vitae, semper eros. Nullam mattis mi at metus egestas, in porttitor lectus sodales. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Voluptate laborum vero voluptatum. Lorem quasi aliquid maiores iusto suscipit perspiciatis a aspernatur et fuga repudiandae deleniti excepturi nesciunt animi reprehenderit similique sit. ipsum dolor sit amet, consectetur adipisicing elit. Qui at [...]

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Sed elementum massa volutpat

Quisque elementum nibh at dolor pellentesque, a eleifend libero pharetra. Mauris neque felis, volutpat nec ullamcorper eget, sagittis vel enim. Nam sit amet ante egestas, gravida tellus vitae, semper eros. Nullam mattis mi at metus egestas, in porttitor lectus sodales. Lorem ipsum dolor sit amet, consectetur adipisicing elit. Voluptate laborum vero voluptatum. Lorem quasi aliquid maiores iusto suscipit perspiciatis a aspernatur et fuga repudiandae deleniti excepturi nesciunt animi reprehenderit similique sit. ipsum dolor sit amet, consectetur adipisicing elit. Qui at [...]

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Direct Profile: The Buy, Renovate and Hold Strategy

When real estate investor and property manager, Joe Bernstein, originally came across his duplex in Point Breeze (now fully leased), he knew it was a great value, and needed to move quickly. Direct’s managing partner, Jared, met him at the property to assess the purchase and approved the loan soon after. “Direct was able to not only offer us the funds, but had a quick and less painful underwriting process. They were able get us to the closing table extremely [...]

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Real Estate or Stocks: What's The Better Investment?

 A recent article in US News and Money compared the potential risks and rewards of building wealth through real estate – versus traditional equity investments. Homeownership is one of the primary ways Americans growth wealth, but some may ask whether acquiring property purely as an investment is worth it. With the recent hits in the stock market, many are deciding that it is. One big benefit is that it can be a “hedge against inflation.” Rental rates and home prices typically rise [...]

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New Mixed Use Development Project

  Our sister company Martin Elfant Real Estate has broken ground on a new development project at 6656-62 Germantown Ave. The mixed use property, which will have 28 luxury apartments and 3,800 square feet of retail space, was written up in Newsworks and the Philadelphia Business Journal last week. The multi-million dollar redevelopment project will transform a piece of real estate on the neighborhood’s commercial corridor which has stood vacant for three years. We hope to attract young professionals to the [...]

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