SOURCE: Direct Commercial Funding, Inc.

Direct Commercial Funding, Inc.

April 24, 2014 06:15 ET

Direct Commercial Funding, Inc. to Focus on New Hotel & Resort Construction

Leading Houston Lender Says Hotel, Motel and Resort Construction Activity Presages an Economic Upswing

HOUSTON, TX--(Marketwired - Apr 24, 2014) - A regional leader in the commercial loan market, Direct Commercial Funding Inc., says it expects to fund in excess of $200 million in hotel, motel and resort construction in the current business quarter.

The lender's managing director, Calvin D. Blake, sees the ongoing hotel, motel and resort construction boom as evidence of an improving sector which will continue to outperform the overall domestic economy.

A Reuters story last year noted that more than 600 new hotels with about 65,000 rooms were expected to open in 2013, a jump of more than 40 percent compared with the year before.

"The rush to build and renovate is being driven by an economy that's reviving and seeing a need to better accommodate its business travelers," Blake says. "And the trend extends beyond the Southwest region. Hoteliers nationwide are rejuvenating properties after a period of tight financing. The hospitality sector is on an uptick because the time to do this is when you have easier access to financial resources."

Texas itself has witnessed an impressive increase in hotel and resort financing that shows no sign of slackening, he adds. His company's internal statistics indicate a burgeoning of local loan applications in recent quarters.

"As the nation's economy continues to recover business and recreational travel will continue to increase. Hotel, motel and resort projects should therefore be quite attractive investments for those seeking above average returns," he says.

About Direct Commercial Funding Inc.

Direct Commercial Funding Inc. 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.

Their financing products include commercial mixed-use development loans, hospitality financing, apartment loans, and other types of land acquisition/construction financing.

For more information visit them online or phone (877) 239-7933.

Contact Information

  • Doug Steins
    Media Relations Director
    877-293-7933