Financial Access Point, LLC(APF), a leading direct lender focused exclusively on the hospitality industry, today announced that it has broken all previous company records for lending volume, during a time when the hospitality industry is still in economic recovery. Over the past 12 months, APF has closed over $1 billion in hotel financing, primarily through its Bridge Program which provides financing for acquisitions, refinances and conversion opportunities. The company is currently on track to maintain or exceed that volume in 2022, ending the first quarter of this year with $256 million in loan production. The latest quarterly volume includes 19 deals for franchise properties that are reported by some of the world’s biggest brands, including Hilton, Marriott and IHG.
APF, an Atlanta-based direct lender focused exclusively on the hospitality industry, provides bridge, PIP, capex, construction, mezzanine and preferred equity financing to qualified hotel owner-operators across the United States and Canada . The dramatic increase in volume is attributed to a change in the company’s program structure which was implemented by a new management team in early 2021.
“Over the past year, APF has truly transformed into a new company, let’s call it APF 2.0,” said Mike Lipson, CEO and Chairman of the Board of APF. “Under the exceptional leadership of our new management team, we are becoming much more of a traditional traditional lender, offering a more diverse range of products that are competitive with debt funds or other non-bank lenders, while maintaining our exclusive focus on the hospitality industry. We are clear in our purpose and direction – to lend from the top to the bottom of the capital stack, with most efforts currently focused on our popular relay program. We have also remained true to our roots in as a Capex lender and we will be ready to deploy this program when the brands demand that the PIPs are due.As a true partner of our customers, APF will also be able to assist in meeting all the financing needs of our hotel customers.
APF primarily focuses on mid- to high-end upscale, limited/selected services, extended stays and full-service compact hotels for premium brands. Owners must have five years of experience and a minimum of five hotels in their portfolio to qualify.
For more information on Access Point Financial’s comprehensive hospitality-focused financial services portfolio, please visit www.accesspointfinancial.com.
About Access Point Financial
Founded in 2011, Atlanta-based Access Point Financial, LLC (APF) is a direct hotel lender that provides bridge, PIP, capex, construction and mezzanine/preferred equity financing to qualified hoteliers across the United States and the United States. Canada. APF’s loan programs are flexible and are typically used for refinancing, take-out construction, renovations or brand-mandated PIPs, and value-added transactions, such as asset repositioning, conversions hotels and construction from scratch. APF’s programs are designed specifically for the hospitality industry and offer an alternative to traditional bank financing. APF understands the complexities of the industry and is uniquely positioned to customize its loan programs to meet the needs of its clients, even in times of volatility.
Managing Director and Head of Business Development