ATLANTA, March 17, 2025—Officers of Access Point Financial (APF) introduced the corporate has supplied a complete financing dedication on a totally funded mortgage quantity of $126.0 million to American Resort Revenue Properties REIT LP (AHIP), a publicly traded actual property funding belief positioned in Vancouver, Canada. The cash shall be used to refinance, renovate, and improve a portfolio of 12 premium-branded, select-service lodges totaling 1,233 rooms throughout america.
“As evidenced by this transaction, APF is able to just about all ranges of monetary help, from a single asset $10 million bridge mortgage to extra advanced transactions to refinance a complete portfolio nicely north of $100 million,” stated Michael I. Lipson, CEO and chairman of the board, APF. “We satisfaction ourselves on being strategic capital companions who work laborious to seek out the best answer for entrepreneurial, select-service lodge homeowners to massive, institutional traders akin to AHIP and every little thing in between.”
The lodge portfolio contains:
- Residence Inn St. Paul Woodbury, Minnesota
- Residence Inn San Angelo, Texas
- Fairfield Inn & Suites Asheboro, North Carolina
- Home2 Suites San Angelo, Texas
- Courtyard Bismarck North, North Dakota
- Staybridge Suites Midland, Texas
- TownePlace Suites Pittsburgh Airport / Robinson Township, Pennsylvania
- Residence Inn Mount Laurel at Bishop’s Gate, New Jersey
- Hampton Inn Asheboro, North Carolina
- Home2 Suites Midland, Texas
- Courtyard St. Paul Woodbury, Minnesota
- Homewood Suites Kalamazoo-Portage, Michigan
The $126 million dedication represents a mean mortgage steadiness of roughly $102,000 per key and $10.5 million per-property on the select-service portfolio of premium manufacturers from Marriott, Hilton, and IHG.
“Entry Level Monetary is the capital answer for lodge sponsors who desire a lending companion that is aware of them, understands the lodge market, and values flexibility, experience, and true partnership,” stated James Reivitis, chief improvement officer, APF.