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| Jon S. Wright |
ATLANTA, GA —Access Point Financial, Inc. (APF), a direct
full-service lending and advisory firm focused on the hospitality industry, announced
that it will surpass the $500 million hotel loan threshold based on loans
scheduled for closing this month.
This represents over 275 loans and more than $1.0 billion in
hotel asset valuations since inception.
The company said demand continues to build and its current pre-screened
pipeline is approaching another $400 million.
“We were the first hotel-vertical lender to open our doors
for new loan transactions in 2011, ahead of the curve,” said Jon S. Wright,
president and CEO of Access Point Financial.
“Our focus has
always been as a lender only, with no interest in hotel ownership or management,
which enhances our relationships with borrowers. The last thing we want is to foreclose and/or replace management
of an asset.
“This was a welcome respite from exclusively overseeing and
successfully liquidating our nearly $2 billion loan portfolio assembled from
2005-2008,” he noted. “We concentrated
on servicing our loans from 2009-2011, resulting in a current pay rate of 98.5
percent due to the strength and expertise of our client base and stringent risk
management. Because we work only with
experienced owners and top tier brands, we historically have enjoyed a solid
credit rating.”
For a complete copy of the company’s news release, please
contact:
Jerry Daly
(703) 435-6293
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