News

Restaurants And Real Estate

La Colombe Flagship, The Fillmore and Kensington Quarters all Opened Within The Last 2 Years in Fishtown Last year dining-out sales exceeded grocery sales for the first time US history, and this trend is expected to continue, according to Bloomberg Business. Like the housing market, the restaurant industry has experienced steady growth over the past several years. Restaurants can help a neighborhood form a cultural identity, which can entice others to invest in that community, starting a chain reaction. The appearance of [...]

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2016 Emerging Trends in Real Estate

“A crashing Chinese economy, sinking commodity prices, and other factors have made the 2016 economic outlook seem somewhat dismal … But one industry seems to be bucking those negative trends, and still growing after years of positive performance.” 2016 Emerging Trends in Real Estate was just released by the Urban Land Institute, and the future is looking bright. The report outlines the top real estate trends taking shape across the county. They predict “second tier” cities will take center stages, as [...]

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The Most Unaffordable Housing Market in America is…

[ezcol_1half]New York Magazine and Bloomberg report that Brooklyn has officially become the least-affordable housing market in the US. According to Bloomberg, in Brooklyn “a resident would need to devote 98% of the median income to afford the payment on a median-priced home of $615,000.” That’s higher then at the height of the housing bubble. The over saturation of Manhattan is sited as the biggest factor in the price surge.[/ezcol_1half] [ezcol_1half_end] [/ezcol_1half_end]

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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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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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