Posted 10/1/2012 - 9:35:06 AM
ATLANTA—Access Point Financial, Inc. added three members to its senior management team in response to the hotel industry’s growing financing needs.
Dilip Petigara was named chief risk officer while Jon Burckin joined as managing director business development and Jon Hellbusch is the new managing director capital markets.
Jon S. Wright, president/CEO of Access Point Financial, indicated the additions would enhance the company as industry demands around financing increase.
With a tenure dating back to 2000 as VP with GMAC Commercial Mortgage along with Wright and the current senior management team, Petigara brings 20 years' of experience arranging and structuring commercial real estate financings. Most recently, Petigara was the managing director of an advisory services firm where he was responsible for $250 million in loan closings.
Most recently, Burckin was managing director for Scotia Capital’s real estate and hospitality group. Burckin was responsible for Scotia’s client relationships within the hospitality industry, a role he’ll continue to fill with APF.
Hellbusch is an expert in structured finance investment and capital markets, having had an extensive tenure with WestLB AG, a German state-owned universal bank, where he most recently was executive director within the bank’s asset-based finance group and also an investment partner with the APF team’s predecessor firms.
APF was formed by Stone Point Capital, a private-equity firm based in Greenwich, CT, and the APF management team. It provides debt from $200,000 for CapEx and up to $40 million for strategic construction loans with brand enhancements.