Access Point Financial Sets Major Expansion Initiative
Tuesday May 7th, 2013 - 10:11AM Y
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ATLANTA—Access Point Financial, Inc. has set in place a major expansion initiative that includes adding two hotel-lending veterans as SVPs: J.W. Clements and Patrick Feltes. The pair is responsible for providing regionalized APF financing products and services and over time developing full processing capabilities supported by additional business development and credit officers. In addition, the company has opened three new offices and plans to double the company’s Atlanta headquarters space by mid-year.
Clements, a 28-year commercial mortgage banking veteran, joins APF as SVP/capital markets. He will initiate a major outreach to real estate and mortgage brokers from a new office in Philadelphia, PA. Clements also is charged with establishing a vendor-alliance program that provides in-house financing for key hotel suppliers.
Feltes, a career financier, joins APF as SVP/business development. He will open a new office in Scottsdale, AZ.
The company also is executing a lease to double its headquarters to 40,000 sq. ft. to facilitate underwriting and quality-control processing.
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When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.