We're seeing an increase in Hotel, and Resort financing.
Houston, TX (PRWEB) November 20, 2012
Direct Commercial Funding Inc., a regional leader in the Hotel Lending market, has reported a steady increase in the number of loan applications for hospitality, hotel and motel projects over the past twelve months.
“We’re seeing an increase in hotel and resort financing applications amounting to a ten percent uptick over the past year,” says Calvin D. Blake, the firm’s managing director. “Though the overall American economy remains uncertain, there appears to be growing interest in hotel and resort construction or renovation—and in commercial loans to finance it.”
Blake’s company, Direct Commercial Funding, Inc. is a private commercial lender with offices in Houston, Texas. They deliver customized solutions and a full menu of loan and financing programs for business owners, developers, investors and commercial real estate professionals throughout North America, as well as abroad.
“Business and recreational travel does remain a necessity. Travelers need access to convenient and comfortable lodging choices, and that means hotels, motels and resorts will continue to be attractive investments,” notes Blake.
Indeed, articles in investment publications point out that construction spending may well rise in President Obama’s second term, as the commercial construction industry is one of the few which cannot outsource jobs overseas. The industry also provides superior incomes to workers without college educations, while priming industries supplying building supplies, furnishings etc.
Washington’s policy of quantitative easing has involved purchasing securities which, in some cases, also directly support construction—thus greatly benefitting the real estate industry, these same sources point out.
The Direct Commercial Funding Inc. website lists commercial funding for short term commercial loans, mixed use, and equity capital as a mainstay of their business.
As a large commercial funding lender the firm is committed to providing fast commercial funding. “We are the world’s quick closing commercial lender, providing the highest loan to value ratios with far lower conventional interest rates than our competitors,” says Blake.
For more information on Direct Commercial Funding Inc. and its products and services visit their website at DirectCommercialFunding.com or call 877-239-7933.