NEW YORK, September 4, 2018 — ACRES Capital Corp., a New York based private investment firm (together with its subsidiaries, “ACRES”) that offers debt capital solutions for the commercial real estate industry, announced today that it has obtained a new $180 million, ten year, secured credit facility from a leading, top-rated U.S. based insurance company. The new facility provides the company with additional capital to expand its balance sheet capacity and further validates ACRES’ strategy to provide creative financing solutions in the middle market commercial real estate space. ACRES is on pace to provide nearly $800 million in senior financing solutions in 2018.
Founded in 2012, ACRES is a balance sheet lender and SEC-registered investment adviser that provides debt capital solutions for the commercial real estate industry on a nationwide platform.
For more information about ACRES and this transaction, please contact Andrew Fentress at (516) 206-1357 or email@example.com.