Popular Commercial Lending Group (PCLG) Has Formed a New Hotel Lending Division Branded Popular Hotel Finance

Salt Lake City, UT, August 28, 2018 --(PR.com)-- Popular Commercial Lending Group (PCLG) has formed a new division Popular Hotel Finance (PHF) to expand its existing hotel lending business. In 2018 PCLG and PHF have partnered with multiple secondary market investors with assets well in excess of $100 billion USD to increase hotel lending market share in the United States, Caribbean, Brazil and Canada. PCLG and PHF have increased loan sizes, loan programs and hotel lending capacity in 2018. PHF loan sizes will focus on hotel loans primarily in the $5-200 million range. PHF has the ability to lend up to 80% LTC on bridge loan assets in transition with PACE and Mezz options to 90% LTC and Preferred Equity to 95% LTC. Through domestic and international investor partnerships PCLG and PHF are now able to fund in international markets with a primary focus on the United States, Caribbean, Brazil and Canada. Darin Young is President and CEO of PCLG and PHF brings 25 years of private equity, residential mortgage banking, agricultural lending and commercial lending experience to the company. PHF can be reached via phone at (888) 950-9339.
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