Access Point Financial, made its debut in the securitization market with what is arguably a new asset class: loans used to finance hotel renovations. But the deal senior notes issued Access Point Funding I 2015-A, in line with similarly rated, esoteric deals.

The issuer paid swaps plus 175 basis points on $145 million of class A notes, yielding 2.62%, according to a person familiar with the deal.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.