Commercial Real Estate Boom in Phoenix, Hospitality Industry Fuels the Trend with Banks Profiting
Commercial real estate is red hot. Hotel lending trending upwards. Patrick Hatten & Andre Bailey of Matrix Capital Bank have launched a website to traffic nation-wide borrowers specifically looking for hotel loans. This site can be found at www.hotelsloans.com. The site displays their wide selection of SBA and conventional commercial lending products for hotels.
Phoenix, AZ August 28, 2005 - Commercial real estate is red hot, and the trend for hotel lending is headed upwards. Patrick Hatten & Andre Bailey of Matrix Capital Bank has launched a website to traffic nation-wide borrowers specifically looking for hotel loans.
This site can be found at www.hotelsloans.com. The site displays their wide selection of SBA and conventional commercial lending products for hotels.
The hospitality industry is on a major stratum upswing with no let up in sight. Most properties have recovered from their losses back in 2001 and the latest trends in Average Daily Room Rates and Occupancy Rates have continued their upward momentum. Hotel owners are searching for new hotel loans either to purchase a hotel or build one from ground up. We want to provide our services, via our website, where prospective borrowers can have access to all of our excellent SBA and conventional commercial products," states Patrick Hatten, Senior Business Development Officer for Matrix Capital Bank.
The Small Business Administration (SBA) is also showing large gains in their 7a and 504 lending products for hotel loans and hotel loans are among the highest dollar amounts in total loan financed under the programs
We believe that borrowers are becoming more computer savvy and are starting to look to the Internet for their financing needs. The typical hotel buyer seems to be one of the most knowledgeable about commercial loans. This is because the loan amounts seem to be larger than most. They, therefore, will shop for rates and services more frequently than the average 'mom & pop store.' The Internet is a perfect vehicle to harness those looking nationally, and our website is one of the first in the industry to specialize on that niche of the market," says Andre Bailey, Commercial Real Estate Sales Associate at Matrix Capital Bank.
Hatten states, At Matrix Capital Bank, we offer hotel loans that are competitive on a nationwide scale to the Hotel Lending Industry. Our hotel loan products are second to none and we pride ourselves in providing excellent customer service."
Patrick Hatten is the Senior Business Development Officer and runs the Southwest Region of Commercial Lending Division of Matrix Capital Bank. Andre Bailey is the Commercial Real Estate Sales Associate assisting in operations. They are based in Scottsdale, AZ.
Matrix Capital Bank is headquartered in Denver, Colorado.
The official website for Matrix Capital Bank is http://www.matrixbank.com/default.aspx
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