GVX Portfolio

Columbus, OH

Multifamily Refinance

GVX Portfolio

MULTIFAMILY REFINANCE

ACRES Capital has funded a $72 million loan to refinance the GVX Portfolio, three multifamily/mixed-use properties, located in Columbus, OH.

The Portfolio consists of:

• Combined total of 347 units
• 51,138 SF of retail space which are part of a larger development known as Grandview Crossing Master Planned Development
• A 55-acre mixed-use buildout

$72 Million

Loan Amount

Refinance

Loan Product

“The financing of the GVX Portfolio exemplifies our commitment to partnering with best-in-class sponsors who create lasting, community value. Thrive Companies has transformed this site into a mix of Class A, modern residences and new retail space adding meaningful economic momentum to Grandview Crossing and the broader Columbus market.”

- Mark Fogel

Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.