ACRES Capital LLC funds a bridge loan in Glen Cove, New York

JERICHO, NEW YORK (May 16, 2014) – ACRES Capital, LLC (“ACRES”) is pleased to announce the funding of a bridge loan to renovate existing, two-family homes within a 19-home subdivision. The redevelopment of the subdivision by ACRES’ borrower has received high praise from area community leaders and represents a key component in the renaissance of a previously blighted area.

“ACRES prides itself in providing loans to repeat borrowers,” according to Mark Fogel, President & CEO of ACRES. “This transaction represents the second in a series of loans within this highly acclaimed housing redevelopment. We are proud to be part of this transformative project and look forward to another successful outcome.”


ACRES Capital is a direct lender operating on a nationwide platform. The company seeks opportunities in the $2 million to $20 million range on stabilized or distressed properties including Multifamily, Retail, Office, Hospitality, Industrial and New Construction. For more information please visit


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