Access Point Financial Continues Prudent Growth Throughout 2014

Provides 275 loans to hotel franchise owners looking to reposition assets

ATLANTA--()--Access Point Financial (APF), a direct full-service lending and advisory firm focused on the hospitality industry, experienced significant growth in 2014 and announced several milestones which occurred throughout the past year, including:

  • Surpassed the $500 million hotel loan threshold, representing 275 loans and more than $1 billion in hotel asset valuations
  • Invited to participate in the strategic corporate alliance program at the Cornell School of Hotel Administration. Through this alliance, APF, represented by Jon S. Wright, became a member of Cornell’s Center for Hospitality Research (CHR) and an industry fellow of the Center for Real Estate and Finance (CREF)
  • Increased its leverage capacity by $110 million with the addition of a mortgage debt facility and the continued expansion of its existing debt providers, including such well known institutions as Wells Fargo, Key Bank, EverBank, PacWest-Capital Source and East West Bank
  • Expanded its short term mortgage/bridge loan program in response to more hoteliers acquiring and repositioning distressed assets, or being faced with senior debt maturities and the need to upgrade their hotels to remain competitive in the market
  • Continued to add to its E-suite depth and bench strength to ensure the ongoing integrity of its growing loan portfolio, announcing the addition of David Wahl as managing director of Portfolio Management

“Moving into 2015, capital will continue to migrate into the hospitality asset class, yet the speed and certainty of execution is critical for these types of transactions to close efficiently,” said Jon Wright, president and CEO of APF. “Our ability to deliver loans more predictably is a result of our experienced staff and their expertise in dealing with the compliance challenges that frustrate most banks and prolong the loan approval process otherwise.”

About Access Point Financial

Based in Atlanta, Access Point Financial (APF) is a direct full-service lender servicing the hospitality industry. APF was formed by a private equity firm based in Greenwich, Ct. and the APF Management team. APF lends to qualified franchisees of major hotel brands and independent boutique hotels throughout the United States and Canada. For more information, visit www.accesspointfinancial.com.

Contacts

William Mills Agency
Sheryl Gudelsky, 678-781-7229
sheryl@williammills.com

Release Summary

Access Point Financial Continues Prudent Growth Throughout 2014 providing 275 loans to hotel franchise owners looking to reposition assets

Contacts

William Mills Agency
Sheryl Gudelsky, 678-781-7229
sheryl@williammills.com