ATLANTA, Georgia—Entry Level Monetary (APF) introduced the profitable refinancing of $1.1 billion of floating-rate mortgage loans backed by 67 properties with ATLAS SP Companions.
“We’re happy to develop our relationship with ATLAS with the closing of this time period mortgage,” mentioned Mike Lipson, chief govt officer, APF. “This transaction additional enhances Entry Level’s strong capability to finance the lodging sector and proceed to construct our industry-leading platform.”
“Entry Level Monetary has deployed $1.1 billion over the previous 18 months and actively is deploying capital in immediately’s market,” Lipson added. “We perceive the market’s capital wants and are responding, in scale, with a wide range of financing options for an array of challenge varieties, lodge chain-scales, and house owners.”
All loans within the pool are lodge mortgage loans originated by APF. Every is US-based, and the bulk are franchised by Marriott, Hilton, Hyatt, or IHG.
“Entry Level Monetary has been a trusted associate to ATLAS for a number of years, and we’re proud to deepen that relationship by way of this thoughtfully structured facility,” mentioned Brendan Jordan, co-head of business actual property origination, ATLAS. “This transaction exemplifies our potential to ship custom-made financing options that help our shoppers’ long-term progress whereas driving worth throughout our personal platform. We’re excited to assist allow APF’s continued management in hospitality lending by way of a capital answer that provides execution certainty and adaptability in a dynamic market.”
