Direct lender and specialty finance company Access Point Financial has new leadership. Michael Lipson is the company’s new CEO and will continue his role as chairman of the board. Former CEO Dilip Petigara has left APF to pursue other opportunities, a spokesperson for the company said.
Lipson has more than 40 years of financial and banking expertise. Before working with Access Point Financial, he held several leadership roles, including SVP-multifamily asset management and operations for Freddie Mac. Other previous roles include serving as president and CEO of Berkadia Commercial Mortgage and as president and founder of Lexington Mortgage Company.
In his new role as CEO, he will be responsible for spearheading the expansion of lending services available to hoteliers as market conditions continue to improve.
Photo credit: Access Point Financial
“Both the hospitality and commercial real estate industries are beginning to demonstrate signs of market growth in many regions, and I am honored to have the opportunity to lead a strong and focused organization like APF at a time when clients are in need of financial resources to ensure a full and seamless recovery,” said Lipson. “In light of current market conditions, we are further excited to announce that APF is re-energizing its lending operation to accommodate our clients’ growing financial needs and look forward to working with each new client in identifying a loan structure that is tailored to their business goals.”
In addition to naming Lipson as CEO, APF also is expanding its team to meet the increased demand for financial solutions resulting from improving market conditions. This includes ongoing recruitment efforts for business development, underwriting and asset-management roles.