Access Point Financial Appearing on Set with Worldwide Business with kathy ireland®

April 12, 2016

Access Point Financial, Inc. recently appeared on set with Worldwide Business with kathy ireland®! Topics Jon Wright (CEO of Access Point Financial) and John Shingler (President and CEO of Association of Starwood Franchisees & Owners – North America) discussed:

1. What hospitality investors are dealing with when it comes time to seek out financing for their mid- to long-term strategic planning

2. How Access Point Financial satisfies the appetite for debt equity among hotel investors needing to obtain financing that fits their needs

3. The recent growth and expansion for Access Point Financial and being ranked #17 on Inc. 500

4. The current state of the hotel industry

5. Why it’s important for hotel franchisees to seek funding from specialty lenders

6. How working with Access Point Financial differs from working with a traditional bank

7. The types of projects for hotel franchisees that could benefit from Access Point Financial’s funding solutions

8. What’s on the horizon for Access Point Financial

Check out the finished segment below, which includes a behind-the-scenes look at Access Point Financial’s renovated headquarters in Atlanta as well as insight from our team members Jon Wright, Matthew Hick, Dilip Petigara, David Wahl, and John Patton.

KIWWB_11_153426_accessPoint

Lenders talk conservative financing, risk retention

March 24, 2016

Scott Andrews of GE Capital Franchise Finance; Scott Dauer of J.P. Morgan; Scott Schory of Wells Fargo; and Jon Wright of Access Point Financial, spoke on the “Hotel financing” panel at the Hunter Hotel Investment Conference.

 

ATLANTA—Experts in the finance world are looking at refinancing, loan-to-value levels and high volatility loans when it comes to hotel financing in 2016 and beyond.

Speakers on the “Hotel financing” panel at last week’s Hunter Hotel Investment Conference said lenders might be a little more on the conservative side in upcoming months.

Still room to run in lending
In terms of the size of loans at the current point in the cycle, Scott Andrews, senior managing director of Hotel Group, GE Capital Franchise Finance said, things have changed in the past year.

“(Lending) is a little bit more conservative than it was probably a year ago,” he said. “If you were getting 65% nonrecourse, maybe that’s 60% today. If you were getting regional bank financing with some personal recourse in the 75% range, that’s probably come down as well, and debt yields that were maybe 11% last year, they (moved) up to 12% in stabilized assets.

“Because you have to look forward to what’s coming and (look at) how this (would) perform if assets go down a little bit.”

Scott Dauer, managing director at J.P. Morgan, said there’s a good discipline in the markets.

“In the (Commercial Mortgage-Backed Securities), (and) in every market, it’s all asset classes, but particularly with hospitality, you know people are recognizing there’s still room to run here, but we’re closer to the end of the cycle than we are to the beginning,” he said. “And that ends up being reflective in debt terms, you know 70% (loan-to-value) is now 65%.

“I think it’s a good discipline that you’re seeing in the markets.”

High volatility, commercial real estate
The U.S. government is “all over” banks when it comes to maintaining certain cash reserves on loans, said Scott Schory, EVP at Wells Fargo Bank. He said hotel loans are classified as high volatility and commercial real estate loans by the government, which will mostly impact construction loans.

“What that means to us and to you as a buyer is a certain amount of equity has to go into those loans and actually stay within them until the (borrower) entity tells the hotels it’s efficiently cash flowing,“ he said. “If the loan is classified as high volatility/commercial real estate loan, for us, it means we have to keep 50% more cash reserves on the books.”

Refinancing vs selling
Andrews said the window is still open for potential sellers but pricing expectations must change.

“It comes down to price,” he said. “Today is still a good time to sell assets, (but) it (might not) be as ripe as it was six or nine months ago.

“It really comes down to what the seller’s expectations are.”

Dauer said a so-called “refinance wave” could impact the capacity of the CMBS market. He said $180 billion of CMBS loans will be maturing over a 20-month period starting in June, including $9 billion in hotels.

“To put it into perspective for hospitality, 5% of that $180 billion are hotel loans, so that’s $9 billion, which sounds like a lot, and is a lot,” he said. “But when you put that into context, our market financed over the last two years combined around $36 billion of hotels.”

Original story: http://www.hotelnewsnow.com/Articles/34521/Lenders-talk-conservative-financing-risk-retention

Access Point Financial, Inc. President and CEO Jon Wright accepts a commendation signed by Georgia Governor Nathan Deal

March 23, 2016

L-R Jon S. Wright, CEO of Access Point Financial and Chris Carr, Georgia Commissioner of Economic Development. Mr. Wright is presented with a Commendation from Governor Deal by Commissioner Carr, commending him for the success of Access Point Financial. Mr Wright's company was named the fastest growing company in metro Atlanta for 2015 by INC. Magazine.
L-R Jon S. Wright, CEO of Access Point Financial and Chris Carr, Georgia Commissioner of Economic Development. Mr. Wright is presented with a Commendation from Governor Deal by Commissioner Carr, commending him for the success of Access Point Financial. Mr Wright’s company was named the fastest growing company in metro Atlanta for 2015 by INC. Magazine.

 

Today, Access Point Financial, Inc. President and CEO Jon Wright accepted a commendation signed by Georgia Governor Nathan Deal at the Atlanta Trend CEO monthly leadership luncheon. The award was presented by Chris Carr, Commissioner of Georgia Department of Economic Development, and recognized Access Point Financial, Inc. as the fastest-growing private Georgia-based company. Last August, Access Point Financial, Inc. was ranked #17 on the Inc. 500.

“A complete surprise and amazing honor during a CEO luncheon, which was a highlight of my professional career to say the least.“ said Access Point Financial, Inc. President and CEO Jon Wright. “Obviously, this doesn’t occur without my dedicated management team and humbly accept the prestigious Governors Commendation on their behalf as well.”

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Access Point Financial Appearing on Set with Worldwide Business with kathy ireland®

April 12, 2016

Access Point Financial, Inc. recently appeared on set with Worldwide Business with kathy ireland®! Topics Jon Wright (CEO of Access Point Financial) and John Shingler (President and CEO of Association of Starwood Franchisees & Owners – North America) discussed:

1. What hospitality investors are dealing with when it comes time to seek out financing for their mid- to long-term strategic planning

2. How Access Point Financial satisfies the appetite for debt equity among hotel investors needing to obtain financing that fits their needs

3. The recent growth and expansion for Access Point Financial and being ranked #17 on Inc. 500

4. The current state of the hotel industry

5. Why it’s important for hotel franchisees to seek funding from specialty lenders

6. How working with Access Point Financial differs from working with a traditional bank

7. The types of projects for hotel franchisees that could benefit from Access Point Financial’s funding solutions

8. What’s on the horizon for Access Point Financial

Check out the finished segment below, which includes a behind-the-scenes look at Access Point Financial’s renovated headquarters in Atlanta as well as insight from our team members Jon Wright, Matthew Hick, Dilip Petigara, David Wahl, and John Patton.

KIWWB_11_153426_accessPoint