ACRES Provides $76 Million for Multifamily Property in Los Angeles, CA
SEPTEMBER 09, 2025Loan to refinance a Multifamily/mixed-use 235-unit property in California.
Los Angeles, CA (September 9, 2025) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced that it has funded a $76 million loan to refinance The Eden, a recently completed 235-unit mixed-use mid/high-rise multifamily/retail property in Los Angeles, California. Developed through a joint venture among Bridger Land Group, Catalyst Opportunity Funds, and Goldman Sachs’ Urban Investment Group, The Eden is a seven story building and features 157,405 square feet of net residential space, 8,863 square feet of ground-floor commercial space, and one level of subterranean parking. Residential offerings include 87 studio, 102 one-bedroom, and 46 two-bedroom layouts averaging 670 square feet, complemented by market-leading amenities such as a two-story fitness center, resort-style pool and spa with cabanas, sky deck, speakeasy lounge, theater, co-working spaces, and 259 controlled-access parking stalls with EV charging.
“The Eden delivers best-in-class housing and retail within steps of LA LIVE, the Los Angeles Convention Center, and the region’s expanding transit network,” said Mark Fogel, Chief Executive Officer and President of ACRES. “Our financing will provide the sponsorship team the flexibility and runway needed to complete stabilization, enhance cash flow, and capitalize on the sustained demand for high-quality living options in Downtown Los Angeles.”
