Continued Industry Rebound Increases Demand for CapEx, New Construction and Bridge Financing
ATLANTA--(BUSINESS WIRE)-- Access Point Financial, Inc. (APF), a direct full-service lending and advisory firm focused on the hospitality industry, today announced three additions to the company’s senior management team in response to the hotel industry’s growing financing needs. Dilip Petigara has been named chief risk officer, while Jon Burckin joins as managing director business development, and Jon Hellbusch assumes the role of managing director capital markets.
Together, the trio brings nearly 50 years of banking, capital markets and finance experience to the APF team.
“As the long-term outlook for the industry continues to brighten, the demand for customized financing solutions by professionals with diversified and deep rooted hospitality experience has never been greater,” said Jon S. Wright, president and CEO of Access Point Financial. “These gentlemen, with their vast experience in both finance and hospitality, will greatly enhance our position as the lender of choice and enable us to keep pace with growing demand.”
With a tenure dating back to 2000 as vice president 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, Jon 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.
Jon Hellbusch is an expert in structured finance investment and capital markets, having enjoyed 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.
“We anticipate the need for CapEx and bridge loan financing will continue to accelerate in the foreseeable future with demand in the multi-billion dollar range on a rolling 12-month basis as forecasted by industry analysts,” Wright said. “These additions to our team will help keep us on pace to satisfy this need.”
APF provides debt from $200,000 for CapEx and up to $40 million for strategic construction loans with brand enhancements.
About Access Point Financial
Access Point Financial, Inc. (APF) is a direct full-service lending and advisory platform based in Atlanta, Georgia serving branded and independent hotels in the United States and Canada. Access Point Financial was formed by Stone Point Capital, a private equity firm based in Greenwich, Connecticut and the APF Management team. For additional information, please contact 404-382-9599 or visit www.accesspointfinancial.com.
Access Point Financial, Inc.
Lauralee Dobbins, Chris Daly
Source: Access Point Financial, Inc.