HOUSTON--(BUSINESS WIRE)--Direct Commercial Funding Inc., regional leaders in the commercial loan market, report that new hospitality, hotel and motel projects continue to play a lead role in fueling economic recovery.
A recent Reuters story notes that more than 600 new hotels with about 65,000 rooms are expected to open during the first quarter of 2014, a jump of more than 40 percent compared with last year.
Calvin D. Blake, Direct Commercial Funding’s managing director, says that the hotel and motel construction boom is a reliable sign that “developers are finding increasing success in getting projects financed within an improving national economy.”
Furthermore, among various real estate sectors showing renewed vitality, the hospitality sector is proving to be a true dynamo in generating jobs, he notes.
“In our own Southwest region we’ve seen an impressive increase in hotel and resort financing, and the trend is strengthening. Hotel, motel and resort construction and renovation projects mean jobs. Our internal statistics indicate double digit rises in yearly loan applications 2010-2014, and this will impact employment numbers,” Blake says.
He adds that as the national economy works its way out of the recent recession, business and recreational travel will to continue to grow. Hotel, motel and resort projects should therefore be attractive havens for investment dollars seeking superior returns.
About Direct Commercial Funding Inc.
Direct Commercial Funding Inc. is a commercial lender offering customized financing solutions for business owners, developers, investors and commercial real estate professionals throughout North America and worldwide. This includes commercial funding for short-term commercial loans, mixed use and equity capital.
Committed to providing fast commercial funding, the firm offers the highest loan to value ratios with far lower conventional interest rates.
More information on Direct Commercial Funding Inc. and its services is available online at DirectCommercialFunding.com or by phoning 877-239-7933.