MidCap Financial Closes Credit Facility with Access Point Financial, Inc.

June 21, 2017

BETHESDA, MD, June 20, 2017 – MidCap Financial (“MidCap”), a leading commercial finance company focused on middle market transactions, today announced it recently closed an asset backed credit facility with Access Point Financial, Inc. (“APF”) a specialty hotel finance company. This credit facility expands Access Point’s capacity to extend credit to hotel operators across the United States.

“Access Point Financial is very pleased to enter into this new lending relationship with MidCap Financial as we continue to grow and diversify our platform’s funding sources. The recently closed credit facility will further support the growth of our capex and mortgage loan portfolios, providing Access Point with added overall financing flexibility for our various product offerings. The MidCap team was instrumental in providing Access Point with a highly customized financing solution to meet the needs of our platform and we look forward to a long-term relationship with MidCap,” said Jon Hellbusch, Managing Director of Access Point Financial.

Founded in 2011 by CEO Jon S.Wright, the Executive Management team and Stone Point Capital, LLC, a private equity firm based in Connecticut, Access Point Financial is a direct full-service lender focused on the hospitality industry.

“We are excited to begin this new relationship with Access Point Financial.  APF has built an excellent business, with a unique approach to providing credit to businesses in the hospitality industry.  We look forward to supporting Jon Wright and his company’s senior management team in its plans for the successful growth of their business,” said Michael Cheng, Managing Director of MidCap Financial Services, LLC.

About Access Point

Access Point Financial is a specialty hotel finance company. Offering a full-service hospitality lending and advisory platform, APF provides financing to qualified franchisees of major hotel brands and independent boutique hotels throughout the United States and Canada. APF provides tailored loan and capital lease programs to meet the specific needs of each client.

About MidCap Financial

MidCap Financial is a middle market-focused, balance sheet lender that provides debt solutions to companies across all industries.The company’s subsidiary, MidCap Financial Services, LLC is headquartered in Bethesda, MD, with regional offices in Atlanta, Charlotte, Chicago, Los Angeles, New York and San Francisco.  The company focuses on the debt needs of the middle market in five areas:

  • General Asset-Based: working capital loans collateralized by third-party accounts receivable, inventory, and other assets;
  • Leveraged Finance: cash flow based loans to Financial Sponsor backed companies;
  • Life Sciences: financing for venture backed and micro/small cap pharmaceutical, biotech, and medical device companies;
  • Lender Finance: loans provided across the consumer and commercial finance sectors; and
  • Real Estate: loans for the acquisition, refinance and recapitalization of healthcare and commercial real estate properties.

MidCap Financial refers to MidCap FinCo Designated Activity Company, a private limited company domiciled in Ireland, and its subsidiaries.  MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, pursuant to an investment management agreement between Apollo Capital Management, L.P. and MidCap FinCo Designated Activity Company.  References to MidCap Financial prior to January 2015 are to its predecessor, MidCap Financial, LLC.

Additional information about MidCap Financial can be found at www.midcapfinancial.com

Contact: MidCap Financial Services, LLC

Michael Cheng, Managing Director – Lender Finance
904-394-2881
mcheng@midcapfinancial.com

 

Contact: Access Point Financial, Inc.
Jon Hellbusch, Managing Director
612-638-2970
jhellbusch@accesspointfinancial.com

Media Contact

Sheryl Gudelsky
678.781.7229

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MidCap Financial Closes Credit Facility with Access Point Financial, Inc.

June 21, 2017

BETHESDA, MD, June 20, 2017 – MidCap Financial (“MidCap”), a leading commercial finance company focused on middle market transactions, today announced it recently closed an asset backed credit facility with Access Point Financial, Inc. (“APF”) a specialty hotel finance company. This credit facility expands Access Point’s capacity to extend credit to hotel operators across the United States.

“Access Point Financial is very pleased to enter into this new lending relationship with MidCap Financial as we continue to grow and diversify our platform’s funding sources. The recently closed credit facility will further support the growth of our capex and mortgage loan portfolios, providing Access Point with added overall financing flexibility for our various product offerings. The MidCap team was instrumental in providing Access Point with a highly customized financing solution to meet the needs of our platform and we look forward to a long-term relationship with MidCap,” said Jon Hellbusch, Managing Director of Access Point Financial.

Founded in 2011 by CEO Jon S.Wright, the Executive Management team and Stone Point Capital, LLC, a private equity firm based in Connecticut, Access Point Financial is a direct full-service lender focused on the hospitality industry.

“We are excited to begin this new relationship with Access Point Financial.  APF has built an excellent business, with a unique approach to providing credit to businesses in the hospitality industry.  We look forward to supporting Jon Wright and his company’s senior management team in its plans for the successful growth of their business,” said Michael Cheng, Managing Director of MidCap Financial Services, LLC.

About Access Point

Access Point Financial is a specialty hotel finance company. Offering a full-service hospitality lending and advisory platform, APF provides financing to qualified franchisees of major hotel brands and independent boutique hotels throughout the United States and Canada. APF provides tailored loan and capital lease programs to meet the specific needs of each client.

About MidCap Financial

MidCap Financial is a middle market-focused, balance sheet lender that provides debt solutions to companies across all industries.The company’s subsidiary, MidCap Financial Services, LLC is headquartered in Bethesda, MD, with regional offices in Atlanta, Charlotte, Chicago, Los Angeles, New York and San Francisco.  The company focuses on the debt needs of the middle market in five areas:

  • General Asset-Based: working capital loans collateralized by third-party accounts receivable, inventory, and other assets;
  • Leveraged Finance: cash flow based loans to Financial Sponsor backed companies;
  • Life Sciences: financing for venture backed and micro/small cap pharmaceutical, biotech, and medical device companies;
  • Lender Finance: loans provided across the consumer and commercial finance sectors; and
  • Real Estate: loans for the acquisition, refinance and recapitalization of healthcare and commercial real estate properties.

MidCap Financial refers to MidCap FinCo Designated Activity Company, a private limited company domiciled in Ireland, and its subsidiaries.  MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, pursuant to an investment management agreement between Apollo Capital Management, L.P. and MidCap FinCo Designated Activity Company.  References to MidCap Financial prior to January 2015 are to its predecessor, MidCap Financial, LLC.

Additional information about MidCap Financial can be found at www.midcapfinancial.com

Contact: MidCap Financial Services, LLC

Michael Cheng, Managing Director – Lender Finance
904-394-2881
mcheng@midcapfinancial.com

 

Contact: Access Point Financial, Inc.
Jon Hellbusch, Managing Director
612-638-2970
jhellbusch@accesspointfinancial.com