Access Point Financial Achieves Record Hotel Financing in 2024
Access Point Financial Reports Over $2 Billion in Financing
Access Point Financial (APF) has officially declared a groundbreaking achievement in the hospitality financing industry for 2024. The company engaged in more than $2.0 billion in hotel financing, marking a remarkable milestone in its history. As a direct capital provider, APF focuses exclusively on the hospitality sector, consistently pushing the boundaries of hotel lending.
Transactions Highlight Major Growth
APF's record funding in 2024 included approximately $0.5 billion in direct bridge and mezzanine loan commitments. Additionally, the company participated in a stunning $1.6 billion of SASB hotel originations. Notable inclusions were the purchases of HRR/G/H and bond classes dedicated to CMBS refinancings specific to hotels. These transactions reflect APF’s strategic growth and adaptability in a dynamic market.
CEO Insights on Transformative Year
Michael I. Lipson, the CEO and chairman of the board for APF, shared insights into the transformative nature of the past year, stating that they successfully funded 110 hotels, resulting in roughly $2.1 billion spanning various brands and segments. Lipson emphasized the company's commitment to providing rapid and reliable capital solutions, ensuring high-quality execution in a competitive environment. The growth trajectory of APF positions it to be a prominent player for both large portfolios and individual asset deals.
Impressive Portfolio Transactions
In 2024, APF accomplished numerous significant transactions, adding to its comprehensive portfolio. Some highlights include funding for various hotel portfolios such as $53 million for the Marriott portfolio in the Mid-Atlantic, $44 million for a Hilton portfolio in Florida, and $60 million for another Marriott portfolio in South Carolina. Additionally, they provided a $35 million financing for IHG in Illinois and extended stay loans totaling $18 million in California.
Expanding Opportunities for Clients
James Reivitis, the chief development officer, noted that their approach revolves around being responsive to client needs and delivering engaging capital solutions beyond just single-asset loans. The ability to swiftly respond makes APF a partner capable of crafting effective options benefiting all involved. This commitment is expected to continue, allowing for expansion of existing and new partnerships as APF aims to solidify its status as a top-tier capital provider in the hospitality industry.
Comprehensive Lending and Advisory Services
Founded in 2011, Access Point Financial operates out of Atlanta with a strong commitment to the hospitality sector. By offering a full-service lending and advisory platform, APF delivers financing solutions to both franchisees of major hotel brands and independent boutique hotels throughout North America. Their extensive services cover various financing types—from construction, bridge, fixed, mezzanine, to note financing—enabling APF to remain competitive in the ever-evolving hospitality landscape.
A Future Full of Opportunities
With such expansive achievements in hotel financing and an established presence in the industry, APF is poised for continued success. The hotel capital community is encouraged to collaborate with APF, as the team is fully prepared to tackle various deals irrespective of size or complexity. The company's unique capabilities and strategic insights ensure it is well-equipped to meet the dynamic demands of the hospitality sector.
Frequently Asked Questions
What is Access Point Financial's primary focus?
Access Point Financial focuses exclusively on providing capital solutions to the hospitality industry.
How much financing did APF achieve in 2024?
Access Point Financial achieved over $2.0 billion in hotel financing in 2024.
What types of loans does APF offer?
APF offers a range of loans, including construction, bridge, mezzanine, and fixed financing.
Who is the CEO of Access Point Financial?
The CEO of Access Point Financial is Michael I. Lipson.
When was Access Point Financial established?
Access Point Financial was established in 2011.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.