Updated over 4 years ago on . Most recent reply

Direct Commercial Funding Inc.
Hello, I'm in the process of securing property in the U.S. as a Canadian investor. A private lender named Direct Commercial Funding Inc. has presented us with favorable loan terms, however, they include a substantial upfront fee. While the loan is promising, the fees being paid prior to funding is a huge concern. Before committing, I'm very much hopeful that someone else out there has used DCF and can provide insight as to what we can expect in terms of probability of actually closing the loan.
Last thing we need is to pay the money, eat up the time, then not get funds advanced, only to lose the money, lose the funding, and lose the deal.
Anyone familiar with this company?
Please advise.
With great thanks,
RB
Most Popular Reply

It doesn't matter what the lender's name is, there is no reason that you would ever pay a significant amount down for lending - EVER! The only fees you would pay in advance would cover the appraisal cost. Connect with me and let's discuss some better options over the phone. Thanks!