Access Point Financial (APF), a private real estate credit company focused on the hospitality market, has acquired $98 million in H and JRR risk-retention bond classes from the $653 million loan refinancing originated by Goldman Sachs for a 15 hotel portfolio owned certain affiliates of Atrium Holding Company. The purchase represents the first loss and most subordinate 15% of refinance.
“This marks the beginning of our second transaction Mike Lipson is the CEO of APF. He said, “We are pleased to be working with Atrium and will continue to seek partners who can provide us with best-in-class services.” “Having purchased $133.1 in bonds with a similar make-up from GS, we had a solid relationship with Atrium’s team, and knew that they deliver results consistently. Making this a simple decision. Our recent, successful refinancing of $1.1 billion of floating rate mortgage loans with ATLAS SP PartnersAccess Point Financial has a unique position to grow existing relationships, and to enter into new ones. We are actively seeking to deploy capital.
Located in 12 states, this 3,892-key portfolio consists of eight Embassy Suites hotels by Hilton, as well as one Hilton, two Residence Inns Marriott Hotels, and two Courtyards Marriott Hotels. Atrium Holding Company plans to spend $68 million renovating the properties.
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