ATLANTA – May 3, 2022 – Access Point Financial, LLC (APF), a leading direct lender focused exclusively on the hospitality industry, announced today that it has broken all previous company records for loan volume, during a period of time when the hotel industry is still in economic recovery. During the previous 12 months, APF closed over $1 Billion in hotel financing, primarily through its bridge program that provides funding for acquisitions, refinances and conversion opportunities. The company is currently on track to maintain or surpass that volume in 2022, ending Q1 of this year with $256MM in loan production. The latest quarterly volume comprises 19 transactions for franchised properties that are flagged with some of the world’s leading 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 for qualified hotel owner-operators throughout the United States and Canada. The dramatic increase in volume is being attributed to an evolution of the company’s program structure that was implemented by a new senior leadership team in early 2021.
“Over the past year, APF has really morphed into a new company—let’s call it APF 2.0,” said Mike Lipson, APF’s CEO and Chairman of the Board. “Under the exceptional leadership of our new management team, we are becoming much more of a mainstream 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 focus and direction—lending up and down the capital stack, with most of the effort currently focused on our popular bridge program. We have stayed true to our roots as a Capex lender too, and will be ready to deploy that program when the brands require PIP’s to be due. As a true partner with our clients, APF will be able to assist there, as well, to meet all of our hotelier clients’ finance needs.”
APF focuses primarily on upper midscale to upscale, limited/select service, extended stay and compact full-service hotels for top tier 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 portfolio of hospitality-focused financial services, Please visit www.accesspointfinancial.com.
About Access Point Financial
Founded in 2011, Atlanta-based Access Point Financial, LLC (APF) is a direct hospitality lender that provides bridge, PIP, capex, construction, and mezzanine/preferred equity financing to qualified hoteliers throughout the United States & Canada. APF’s loan programs are flexible and are typically used for refinance, construction take-out, renovations or brand-mandated PIPs, and value-add transactions, such as asset repositioning, hotel conversions and ground up construction. 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 are uniquely positioned to customize its loan programs to meet the needs of its clients even during periods of volatility.