Daily News: October 20, 2014

Access Point Financial Adds Portfolio Management Managing Director

Access Point Financial (APF) announced David Wahl has joined the company as managing director of portfolio management.

In his new role, Wahl is responsible for management and oversight of the company’s loan portfolio, including servicing, asset surveillance, credit risk monitoring, portfolio adherence and reporting to APF’s debt providers, including such institutions as Wells Fargo, KeyBank, Pacific West and East West Bank. In addition, he will work with audit managers for the company’s debt providers, as well as McGladrey LLP, APF’s auditor of record.

Prior to APF, Wahl held senior management positions with Trimont Real Estate Advisors and its predecessors, currently a real estate financial services provider with $60 billion of invested clients’ capital under management. He began as an asset manager, rising steadily through the ranks to senior vice president before taking on the position of director of operations in 2010. His responsibilities included overseeing the company’s servicing and functional support departments. Previously, he was controller and vice president of operations for Proactive Technologies, a real estate development company.

“As we approach underwriting $1 billion in hotel real estate, we are adding to our bench strength to protect the integrity of our loan portfolio,” said Jon S. Wright, president and CEO of Access Point Financial. “Our management team has a 20-plus year track record of maintaining one of the lowest loan default rates in the hospitality industry, throughout all phases of the hotel real estate cycle. We attribute this to prudent underwriting and exacting asset monitoring. David is one of the most experienced in this specialized field and is a welcome addition to our team.”

Atlanta-based APF is a direct full-service lending and advisory platform.