HOUSTON--(BUSINESS WIRE)--Calvin D. Blake, of lending firm Direct Commercial Funding Inc., sees plenty of signs that the mixed-use and hospitality real estate sectors are enjoying a boom which increasingly looks to be solid.
“We’ve seen a healthy upswing in requests for loans to support local development projects”
The Houston firm’s managing director, Blake cites an impressive number of new development projects being constructed around Houston and other key cities—plus a demand for project financing which keeps growing apace.
“We’ve seen a healthy upswing in requests for loans to support local development projects,” he notes. “And it gives real substance to analysis that real estate is steadily recovering from the 2008 bust.”
The latest National Association of Realtors Report backs Blake’s observations. So do reports in business journals. “Clearly, what we’re seeing in Texas is being replicated in urban markets across the country,” he adds.
Blake notes that mixed-use and hospitality development—hotels, vacation resorts and the like—seem an area of particular interest. Shops and restaurants highlight a residential trend that increasingly, at least in urban areas, seems to favor the idea of a more active lifestyle than that available in traditional bedroom suburbs.
And he believes this mixed-use building trend will replicate itself in more cities and towns nationwide wanting to copy its success.
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.