Residential Condominium Construction Project

San Jose, CA

Condo - Construction

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San Jose, CA

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Residential Condominium Construction Project

CONDO - CONSTRUCTION

ACRES funded a first mortgage construction and condominium sellout loan secured by a 1.8-acre site, approved and currently under construction. The property will span five stories, and will be comprised of the following amenities:

Unit mix of 17 one-bedroom/one-bathroom units, 71 two-bedroom/two-bathroom units, and 8 three-bedroom/two-bathroom units
Controlled-access entry
A fitness center, outdoor pool, clubroom, lounge, courtyard, decks, and bike storage facility

The property is located within the Willow Glen, one of San Jose’s most popular neighborhoods, featuring a historic, walkable downtown area with numerous retail and dining options.

$41.875 Million

Loan Amount

18 Months

Loan Term

Construction Loan

Loan Product

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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.