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PRZOOM - /newswire/ -
Raleigh, NC, United States, 2010/10/29 - Focusing on financing owner-occupied real estate for small and medium-sized businesses - BFSonline.net.
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Hospitality Finance Solutions (HFS) today announced the formation of a sister company, Business Finance Solutions (BFS). BFS will focus on obtaining SBA, USDA, and conventional debt for owner-occupied real estate owners nationwide.
Hospitality Finance Solutions assists clients in obtaining debt for the acquisition, refinance, and construction of hotel loans. HFS has closed over $80MM in hotels loans year to date 2010. With their combined 23 years small business lending experience, the Directors of HFS believe 2010 is a great time to expand product offerings beyond just hotels.
West Coast Managing Director Pete Fehlman “Our focus will continue to be on providing exceptional service, clear communication throughout the loan process and commitment to our clients and lenders.” East Coast Managing Director Scott Corrigan “We have been very successful since the inception of HFS and based on our years of experience decided now was a great time to expand our product offerings. Our success has been largely in part to the long-term lender relationships we have established as well as our support network of appraisers, brokers, accountants, and agents around the country.” In anticipation of the new company a website has been created at bfsonline.net and a marketing campaign to existing clients has been planned and will launch November 1st.
HFS and its newly created sister affiliate have offices in Dallas, TX and Raleigh, NC. West Coast Managing Director Pete Fehlman has 8 years experience in the commercial finance industry with GE Real Estate Finance and Community South Bank. Scott Corrigan, the East Coast Managing Director is a 16 year veteran of the commercial real estate industry. He was previously employed with GE Capital where he led the hotel specialty division in loan origination. Together the two funded over $350 million in commercial real estate volume over five years.
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Agency / Source: Hospitaliy Finance Solutions, Inc.
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Contact: Nichole Campany - HospitalityFinance.net
919-562-5701  nichole[.]hospitalityfinance.net
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