Latest news with #APF
Business Wire
36 minutes ago
- Business
- Business Wire
Access Point Financial Purchases $98 Million of $653 Million Atrium Hotels Refinancing
ATLANTA--(BUSINESS WIRE)-- Access Point Financial (APF), a $3.0 billion real estate private credit firm focused on the hospitality industry, today announced the purchase of $98 million of the H and the JRR risk retention bond classes. The purchase represents the most subordinate and first-loss 15% of the Goldman Sachs-originated $653 million loan refinancing a 15-hotel portfolio owned by certain affiliates of Atrium Holding Company. Access Point Financial purchased $98 million of the H and the JRR risk retention bond classes. Share 'This marks our second transaction with Atrium, and we continue to aggressively seek best-in-class partners with whom to do business,' said Mike Lipson, CEO, APF. 'Having previously purchased $133.1 million of bonds in a GS-led offering with a similar portfolio make-up, we already had a strong relationship with the Atrium team and knew the results they regularly deliver, making this an easy decision for us. With our recent, successful refinancing of $1.1 billion of floating rate mortgage loans with ATLAS SP Partners, Access Point Financial is in prime position to expand existing relationships and enter new ones as we actively seek to deploy capital.' Located across 12 states, the 3,892-key portfolio includes eight Embassy Suites by Hilton, one Hilton, one Renaissance, one Sheraton, two Residence Inns by Marriott and two Courtyards by Marriott hotels. Atrium Holding Company has announced plans to spend approximately $68 million to renovate the properties. About Access Point Financial Founded in 2011, Atlanta-based Access Point Financial (APF) is a $3.0 billion real estate private credit firm focused on the hospitality industry, offering direct financing (senior debt, mezzanine and preferred equity) to qualified hotel owners and franchisees of all major hospitality brands and independent boutique hotels throughout the United States. For additional information and key contacts, please visit
Daily Mirror
3 days ago
- Health
- Daily Mirror
Everyone with a cough urged to see GP as it could be sign of fatal condition
Do not put the cough down to old age or just being unfit, as it could be something serious If you keep coughing and can't quite figure out why, it could be that you have a condition called IPF. Many people put coughing down to a cold or even old age - but this may not be the case at all. It could be Pulmonary Fibrosis. This is a terminal health condition which causes scarring on the lungs and breathing to become increasingly difficult. Pulmonary refers to the lungs while fibrosis refers to scarring. According to charity Action for Pulmonary Fibrosis (APF), there is no cure and, while treatments can help, they can only delay its progression. But the sooner you seek help, the sooner you can get treatment, which should hopefully soothe your cough. Common symptoms for pulmonary fibrosis can include: shortness of breath (breathlessness) dry cough tiredness (fatigue) unexplained weight loss clubbing of fingers and toes (swollen and rounded finger and toe tips – see diagram four) Risk factors for pulmonary fibrosis can include: Ageing Family history (the genes inherited from your parents) Breathing in something that irritates the lungs, such as smoke or dust – this will usually happen repeatedly over a long time Some medications Other conditions, such as rheumatoid arthritis Gastro-oesophageal reflux disease (GORD) Why do I cough? Discussing coughing, it explains: "Cough is a natural reflex that protects the lungs from things that could damage the lung tissue. When we cough, our vocal cords close together forcefully. "If you cough a lot, this process can cause the vocal cords to become inflamed and irritated, which can make the cough worse. This can then lead to production of mucus, which can trigger even more coughing. This cycle can be difficult to break." In a recent APF cough survey 57% of respondents said their cough affected everyday life with a staggering 100% of responders reporting exercise, talking or even a change of position could trigger a coughing fit. What types of pulmonary fibrosis cough are there? Acute cough – this lasts less than three weeks and is usually due to upper or lower respiratory infections, asthma, or having breathed in irritants such as smoke or chemical fumes. Sub-acute cough – lasts for three to eight weeks. This type of cough may be due to a prolonged recovery phase after an infection, or due to other conditions such as whooping cough or tuberculosis(TB). Chronic cough – this is a persistent cough which lasts for more than eight weeks. Chronic cough is a very common symptom when you have been diagnosed with a long-term respiratory condition. Refractory cough – this is a cough which persists despite ongoing treatment. With pulmonary fibrosis your cough may be dry and tickly, or it can be productive of mucus. Some people with pulmonary fibrosis will have a combination of both dry and productive cough. Dry/unproductive cough (or cough hypersensitivity)– this can be triggered by many different factors such as changes in temperature of the environment, smoky/dusty/polluted atmospheres, aerosol sprays, talking, laughing, exercise or physical activity. Productive cough – this is a cough which moves phlegm (mucus) from the airways or shifts fluid/food which has gone down the wrong way. It's our body's way of protecting the airways so that you can breathe normally again. How to treat coughing Managing a persistent cough in pulmonary fibrosis can be challenging as it often does not respond well to standard medications. However, there are alternative drug treatments that may help reduce the frequency or severity of coughing episodes. These medications are commonly used for persistent cough in other conditions as well and are primarily palliative - meaning they focus on relieving symptoms rather than treating the underlying cause. The experts stress: "It is also important that you speak to your doctor or specialist healthcare team about other possible causes which may be contributing to your cough e.g. acid reflux, postnasal drip (sinus problems), side effects of certain medications, infections, inflammation, other chest conditions. These will need to be treated/managed effectively to minimise their impact." You can try some tips listed on the Action for Pulmonary Fibrosis website to help reduce how much you cough, as well as manage how to cope with it. Specialist Cough Clinics in the UK If your cough persists despite treatment from your local respiratory team, you may wish to explore a referral to a Specialist Cough Clinic for further assessment and management. There are currently eight such clinics across the UK. The charity notes that a referral to a Specialist Cough Clinic must be made through your ILD Consultant and will only be considered if previous treatment options have been fully explored and found to be ineffective. Kings College Hospital Royal Brompton Cough Clinic Northumberland Cough Clinic Manchester Cough Clinic Hull Cough Clinic Belfast Cough Clinic Leicester Cough Clinic Oxford Cough Clinic
Yahoo
6 days ago
- Business
- Yahoo
Bank of England cuts gilt holdings by £32.5bn in second quarter
The report included updated projections of future APF cash flows under a range of scenarios. The estimates remain highly sensitive to future bank Rate paths and the pace of gilt unwind. nwind £100bn of UK government bond holdings between October 2024 and September 2025. The APF was introduced in 2009 as part of its quantitative easing strategy during the global financial crisis, and expanded significantly during the COVID-19 pandemic. Gilts held under the facility peaked at around £875bn in 2022 before the MPC shifted toward reducing the balance sheet. According to the latest quarterly report published on Tuesday, a total reduction of £32.5bn in gilt holdings was recorded from April to June 2025. Re Read more: FTSE 100 LIVE: Stocks mixed as US and China extend 90-day tariff truce This includes £2.9bn from outright sales and a further £29.6bn from maturing gilts. As a result, the total stock of gilts held for monetary policy purposes stood at £590bn as of 30 June, down from £622.5bn at the end of the first quarter. Threadneedle Street held three gilt sale operations during April alone, and has already published the schedule for third-quarter gilt sales on 20 June, to continue to reduce its balance sheet. The report included updated projections of future APF cash flows under a range of scenarios. The estimates remain highly sensitive to future bank rate paths and the pace of gilt unwind. Assuming the current £100bn annual pace, the net present value of cumulative cash flows is estimated at around -£115bn, the report said. It comes as the BoE cut interest rates to 4% last week, the fifth cut in a year, as the UK economy struggles amid high inflation and a stagnant jobs market. The 25 basis point reduction is expected to ease pressure on mortgage holders and homebuyers, potentially unlocking more affordable borrowing options. Read more: Oil prices rise after Trump extends China tariff truce This move brings borrowing costs back to levels not seen since March 2023, the lowest in two years. The MPC voted by a majority of 5–4 to reduce the bank rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%. Andrew Bailey, BoE governor, said on Thursday: 'We've cut interest rates today, but it was a finely balanced decision. Interest rates are still on a downward path, but any future rate cuts will need to be made gradually and carefully.' The unprecedented split saw governor Bailey force the monetary policy committee to vote twice after a deadlocked initial vote. It was the first time in MPC history that the committee had to hold two rate votes.
Yahoo
6 days ago
- Business
- Yahoo
Bank of England cuts gilt holdings by £32.5bn in second quarter
The report included updated projections of future APF cash flows under a range of scenarios. The estimates remain highly sensitive to future bank Rate paths and the pace of gilt unwind. nwind £100bn of UK government bond holdings between October 2024 and September 2025. The APF was introduced in 2009 as part of its quantitative easing strategy during the global financial crisis, and expanded significantly during the COVID-19 pandemic. Gilts held under the facility peaked at around £875bn in 2022 before the MPC shifted toward reducing the balance sheet. According to the latest quarterly report published on Tuesday, a total reduction of £32.5bn in gilt holdings was recorded from April to June 2025. Re Read more: FTSE 100 LIVE: Stocks mixed as US and China extend 90-day tariff truce This includes £2.9bn from outright sales and a further £29.6bn from maturing gilts. As a result, the total stock of gilts held for monetary policy purposes stood at £590bn as of 30 June, down from £622.5bn at the end of the first quarter. Threadneedle Street held three gilt sale operations during April alone, and has already published the schedule for third-quarter gilt sales on 20 June, to continue to reduce its balance sheet. The report included updated projections of future APF cash flows under a range of scenarios. The estimates remain highly sensitive to future bank rate paths and the pace of gilt unwind. Assuming the current £100bn annual pace, the net present value of cumulative cash flows is estimated at around -£115bn, the report said. It comes as the BoE cut interest rates to 4% last week, the fifth cut in a year, as the UK economy struggles amid high inflation and a stagnant jobs market. The 25 basis point reduction is expected to ease pressure on mortgage holders and homebuyers, potentially unlocking more affordable borrowing options. Read more: Oil prices rise after Trump extends China tariff truce This move brings borrowing costs back to levels not seen since March 2023, the lowest in two years. The MPC voted by a majority of 5–4 to reduce the bank rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%. Andrew Bailey, BoE governor, said on Thursday: 'We've cut interest rates today, but it was a finely balanced decision. Interest rates are still on a downward path, but any future rate cuts will need to be made gradually and carefully.' The unprecedented split saw governor Bailey force the monetary policy committee to vote twice after a deadlocked initial vote. It was the first time in MPC history that the committee had to hold two rate in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
04-08-2025
- Business
- Business Wire
Access Point Financial Successfully Completes $1.1 Billion Hospitality Loan Refinancing with ATLAS SP Partners
ATLANTA--(BUSINESS WIRE)-- Access Point Financial (APF), a $3.0 billion real estate private credit firm focused on the hospitality industry, today announced the successful refinancing of $1.1 billion of floating rate mortgage loans backed by 67 properties with ATLAS SP Partners ('ATLAS'), the warehouse finance and securitized products business majority owned by Apollo funds. Access Point Financial announced the refinancing of $1.1 billion of floating rate mortgage loans backed by 67 properties with ATLAS SP Partners. Share 'We're pleased to expand our relationship with ATLAS with the closing of this term loan,' said Mike Lipson, CEO, APF. 'This transaction further enhances Access Point's robust capacity to finance the lodging sector and continue to build our industry leading platform.' 'Access Point Financial has deployed $1.1 billion over the past 18-months and actively is deploying capital in today's market,' Lipson added. 'We understand the market's capital needs and are responding, in scale, with a variety of financing solutions for an array of project types, hotel chain-scales and owners.' All loans in the pool are hotel mortgage loans originated by APF. Each is US-based, and the majority are Marriott-, Hilton-, Hyatt- or IHG-franchised properties. 'Access Point Financial has been a trusted partner to ATLAS for several years, and we're proud to deepen that relationship through this thoughtfully structured facility,' said Brendan Jordan, co-head of Commercial Real Estate Origination, ATLAS. 'This transaction exemplifies our ability to deliver customized financing solutions that support our clients' long-term growth while driving value across our own platform. We're excited to help enable APF's continued leadership in hospitality lending through a capital solution that offers execution certainty and flexibility in a dynamic market.' About Access Point Financial Founded in 2011, Atlanta-based Access Point Financial (APF) is a $3.0 billion real estate private credit firm focused on the hospitality industry, offering direct financing to qualified hotel owners and franchisees of all major hospitality brands and independent boutique hotels throughout the United States. For additional information and key contacts, please visit About ATLAS SP Partners ATLAS SP is a global investment firm providing stable capital, financing, advisory and institutional products to market participants seeking innovative and bespoke structured credit and asset backed solutions. We're proud to build upon a legacy of client excellence that includes certainty of execution, deep expertise and full-service capabilities across the asset management landscape. For more information, visit
