ATLANTA—Access Point Financial, Inc. has revealed that it expects to pass the $500-million hotel loan threshold based on loans scheduled to close this month.
This represents more than 275 loans and more than $1.0 billion in hotel asset valuations since inception. The company also noted that 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,” stated Jon Wright, president and CEO, 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.”