ATLANTA – August 1, 2022 – Access Point Financial, LLC (APF), a leading direct lender focused exclusively on the hospitality industry, announced today that it has introduced a permanent fixed rate loan program for stabilized hotels. APF will provide a 5-, 7- or 10-year fixed rate option with loan amounts ranging from $10 million to $50 million at competitive interest rates. The addition of this permanent financing option further augments the wide range of loan options currently provided by the Atlanta-based direct hospitality lender, which includes bridge, construction, mezzanine and preferred equity, as well as PIP and capex loans.
“Traditionally, APF has been known for providing financing for bridge loans that were ideal for transitional assets, hotel conversions or properties requiring additional time to stabilize following downturns, such as that recently experienced during the pandemic,” said Michael Lipson, CEO of Access Point Financial. “Those financial options are excellent for acquisitions or refinancing. However, our new permanent loan program opens up our lending ability to properties with stabilized assets and allows us to offer highly competitive rates that are comparable to those normally only available through traditional lenders, such as life insurance companies, CMBS and banks. We look forward to serving this growing need in the industry, now that the recovering travel market is becoming increasingly stable.”
For more information on Access Point Financial’s new permanent financing option or its 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 financing to qualified hoteliers throughout the United States. APF’s loan programs are flexible and are typically used for refinance, acquisition, 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 a competitive 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. For more information, please visit www.accesspointfinancial.com.