ATLANTA, March 17, 2025—Officers of Entry Level Monetary (APF) introduced the corporate has supplied a complete financing dedication on a completely funded mortgage quantity of $126.0 million to American Resort Earnings Properties REIT LP (AHIP), a publicly traded actual property funding belief situated in Vancouver, Canada. The cash will likely be used to refinance, renovate, and improve a portfolio of 12 premium-branded, select-service inns totaling 1,233 rooms throughout the USA.
“As evidenced by this transaction, APF is able to just about all ranges of economic help, from a single asset $10 million bridge mortgage to extra complicated 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 onerous to search out the appropriate answer for entrepreneurial, select-service resort house owners to giant, institutional buyers reminiscent of AHIP and all the things in between.”
The resort 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 median mortgage stability 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 resort sponsors who desire a lending associate that is aware of them, understands the resort market, and values flexibility, experience, and true partnership,” stated James Reivitis, chief growth officer, APF.
