Direct Commercial Funding Inc. forecast for Mixed Use Development Funding
Houston Texas (PRWEB) February 05, 2013
Direct Commercial Funding Inc., a private commercial lender based in Houston, sees signs that mixed-use real estate development financing is increasingly becoming a key factor in the nation’s rapidly improving real estate outlook.
Calvin D. Blake, the firm’s managing director, cites an impressive number of mixed-use development projects being initiated around the country, as well as a growing demand for project financing.
“Though this newer type of mixed-use development is still in an experimental stage, Houston and Atlanta are prime examples of regional big-city markets where modern, mixed-use commercial-residential developments are leading the way in generating urban renewal,” he says.
The inclusion of trendy shops and restaurants enable these developments to attract attention out of proportion to what a stand-alone condominium development might reasonably expect, Blake notes.
And he believes the trend will continue as second-tier cities copy the success formula.
The latest National Association of Realtors Report likewise notes continuing growth in this segment of the industry. “This broadly correlates with the situation in the key metropolitan areas of Texas,” says Blake.
About Direct Commercial Funding Inc.
Direct Commercial Funding Inc. is a direct private commercial lender based in Houston. The company delivers customized solutions and a full menu of loan and financing programs for business owners, developers, investors and commercial real estate professionals throughout North America and abroad. This includes financing investors and owners seeking to purchase, build, or refinance apartment buildings, multi-million dollar apartment complexes, luxury apartment or townhouse communities, or smaller apartment dwellings such as single-building apartments that house only four or five separate families.
For more information on Direct Commercial Funding Inc. and its products and services visit their website at DirectCommercialFunding.com or call 877-239-7933.