ACRES Provides $30 Million for Multifamily Property in Mesa, AZ
AUGUST 12, 2025Loan to refinance a 135-unit build-to-rent property in Arizona.
Mesa, AZ (August 12, 2025) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced that it has funded a $30 million loan to refinance Peralta Vista, a 135-unit build-to-rent multifamily property in Mesa, AZ. The improvements were built in 2023 and consist of 108 single-story buildings. The Property also includes a leasing office, a clubhouse and 10 garages. The loan was secured for Isola Homes, a multifamily developer based in Seattle, Washington, and a repeat borrower of ACRES.
“Peralta Vista is a project that ACRES is proud to finance – thoughtfully designed, highly amenitized, and situated in a high-growth corridor supported by durable demographic and employment drivers. By pairing best-in-class sponsorship with a contemporary product that has demonstrated strong lease-up velocity, we believe this financing positions the property well for long-term success,” said ACRES Chief Executive Officer and President Mark Fogel.
