Access Point Financial LLC (APF), a direct lender and specialty finance company focused exclusively on the hospitality industry, has appointed Michael Lipson as its new CEO.
Also continuing his role as chairman of the board for APF, Lipson possesses more than 40 years of financial and banking expertise. In his new role as CEO of the organization, he is responsible for spearheading the expansion of lending services available to hoteliers, as market conditions continue to improve.
Prior to working with APF, he held several notable leadership roles where he leveraged his skills in financing and asset management to ensure client satisfaction and profitability. This includes serving as SVP-multifamily asset management & operations for Freddie Mac. Other previous roles include serving as president/CEO for Berkadia Commercial Mortgage LLC, and as founder/president for Lexington Mortgage Company.
“Both the hospitality and commercial real estate industries are beginning to demonstrate signs of market growth in many regions, and I am honored to have the opportunity to lead a strong and focused organization like APF at a time when clients are in need of financial resources to ensure a full and seamless recovery,” said Lipson. “In light of current market conditions, we are further excited to announce that APF is reenergizing its lending operation to accommodate our clients’ growing financial needs and look forward to working with each new client in identifying a loan structure that is tailored to their business goals.”
APF currently offers a range of loan options to suit any specific financing requirements. This includes access to CapEx, bridge, construction and mezzanine/preferred equity loan programs. With the CapEx program, hoteliers can obtain the capital needed for renovations, property improvement plans (PIPs) and for furniture, fixture and equipment (FF&E) needs. APF’s bridge program is also available for acquisitions, conversions, refinancing of maturing debt or for newly constructed hotels lacking an operating history.
In addition to naming Lipson as CEO, APF is also expanding its team to meet the increased demand for financial solutions resulting from improving market conditions. This includes ongoing recruitment efforts for business development, underwriting and asset management roles.