Bridge Financing

BRIDGE LOAN PROGRAM

Access Point Financial offers short term mortgages up to $25 million or up to 70 percent stabilized value

BRIDGE LOAN PROGRAM


More than any hotel finance company, Access Point Financial offers customized solutions and provides certainty of execution for franchisees who seek to capitalize on unique market opportunities, such as acquisition, conversion, refinance, discounted purchase option or note purchase. Being a preferred lender with close alliances to leading associations and brands in the hospitality industry, we are able to provide tailored loans to meet the specific needs of hotel owners. APF provides hotel financing expertise and efficient underwriting and loan processing.

APF is considered a leader in the hospitality industry for Capex, Bridge, Construction, and Mezzanine/ Preferred Equity loans. Other financial institutions only look at the hotel’s historical financial performance when making a credit decision. APF’s focus is on proforma based underwriting and understanding the transaction in detail. Each loan opportunity is unique. Our focus is on value-add transactions where the hotel is undergoing a conversion or the hotel must undergo a brand mandated Property Improvement Plan (PIP) or renovation. We will also look at construction loans, with strong and experienced sponsors, for a strong brand in a robust and stable market. We understand these types of transactions intimately and work diligently with clients to ensure a smooth and successful closing.

APF loan terms are based on the creditworthiness of the borrower and the viability of the project, and our model allows for transparent loan product delivery.



Bridge Financing

Access Point Financial offers short term mortgages up to $25 million or up to 70 percent stabilized value for:

  • Acquisition
  • Conversion
  • Refinance
  • Discounted Purchase Option (DPO)
  • Note Purchase

These loans can typically be closed much faster than traditional lenders, allowing a buyer to quickly acquire, renovate and stabilize the property until permanent financing can be sourced. Whether purchasing a property or refinancing current debt, an APF client can be confident in the ability to close on the transaction quickly and access the capital necessary to complete the acquisition, renovation or brand conversion.

  • TRANSACTION SIZE

    Up to $20 Million per property. Larger loam amounts considered on a case-by-case basis.

  • USE OF PROCEEDS

    Acquisition, refinance, discounted purchase option or note purchase paired with a recently completed or planned renovation. Allows owner to acquire, renovate and stabilize the property until which time permanent financing can be sourced

  • INTEREST RATE

    Floating blended rate typically around 8% based on credit review and scope of project

  • TYPICAL TERMS

    3 years, plus extension options available.

  • RECOURSE

    Non-recourse is available on a deal-by-deal basis.

  • DEBT SERVICE COVERAGE RATIO (DSCR) REQUIREMENTS

    Minimum 1.25x-1.30x at stabilization (typically 2-3 years)

  • LEVERAGE

    As-is LTV (if refinance): Up to 75%
    Stabilized LTV: Up to 65%
    LTC: Up to 65%

Your Next Closing Begins Today. Let’s Get Started

Contact Us To Learn How We Can Help You Achieve Your Goals.