We delve into the remarkable achievements of Access Point Financial (APF) in 2024, as it solidified its position as a leading hospitality lender. The company's record-breaking year, marked by over $2 billion in hotel financing, underscores its strategic prowess and commitment to delivering rapid, reliable capital solutions.
Unlocking New Horizons for Hospitality Capital Solutions
Achieving Milestones in Hospitality Lending
The hospitality sector witnessed a transformative year with Access Point Financial (APF) at the forefront. APF's significant milestones in 2024 were characterized by an unparalleled commitment to providing comprehensive financial solutions for hotel portfolios across various states. Notably, APF facilitated over $2 billion in hotel financing, demonstrating its robust presence in the market.APF's success was driven by its ability to cater to both branded and independent hotels. The company's extensive portfolio included a diverse range of transactions, such as a substantial $53 million Marriott Portfolio in the Mid-Atlantic region and a noteworthy $60 million Marriott Portfolio in South Carolina. Each deal showcased APF's adaptability and responsiveness to varying client needs.Innovative Financing Strategies and Market Leadership
At the heart of APF's growth strategy lies its innovative approach to financing. The company leveraged a combination of direct bridge and mezzanine loans, amounting to approximately $5 billion, along with participation in $1.6 billion of SASB hotel originations. These initiatives underscored APF's versatility and its capacity to address complex financial requirements within the hospitality industry.One of the key factors contributing to APF's leadership was its nimbleness and speed of execution. CEO Michael Lipson emphasized that APF prides itself on being an aggressive capital solution provider capable of delivering swift and reliable services. This agility allowed APF to respond quickly to market demands and forge strong partnerships with clients seeking flexible financing options.Expanding Partnerships and Client Relationships
Building on its momentum, APF focused on expanding existing partnerships while forging new ones. The company's chief development officer, James Reivitis, highlighted the importance of moving where clients needed them to be. This client-centric approach enabled APF to offer creative and tailored solutions that benefited all stakeholders involved.Notable deals included an $18 million construction loan for an Extended Stay Brand in California and a $90 million MCR Portfolio nationwide/CMBS. These transactions exemplified APF's commitment to supporting a wide array of projects, from single-asset loans to large-scale portfolios. By maintaining a competitive edge, APF positioned itself as a premier capital provider in the hospitality space.Commitment to Full-Service Lending and Advisory Excellence
APF's full-service lending and advisory platform played a crucial role in its success. The company provided financing to qualified hotel franchisees of major brands and independent boutique hotels across the US and Canada. This comprehensive service offering ensured that APF could meet the diverse needs of its clientele.In addition to its financial services, APF offered advisory support that guided clients through the complexities of the hospitality market. This holistic approach not only strengthened client relationships but also enhanced APF's reputation as a trusted partner in the industry. As the company looks ahead to 2025, it remains committed to driving innovation and delivering exceptional value to its partners.