ACRES in the News
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February 6, 2020
ACRES Capital Originates $49M Loan to Complete Downtown Houston Multifamily Propert
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated a $49 million construction loan to fund the completion of Sovereign at the Ballpark
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December 24, 2019
ACRES Capital Originates Nearly $32M Loan to Complete Athens Multifamily Development
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated a nearly $32 million construction loan to fund the completion of The Cottages at Ridge Pointe, a 216-unit rental community located at 940 Creek Ridge Lane in Athens, Georgia.
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December 22, 2019
ACRES Capital Originates Loan to Renovate Award-Winning Sound View Greenport Hotel
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated a loan to fund the renovation of Sound View Greenport, an award-winning, resort-style hotel located at 58855 North Road in Greenport, New York.
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December 20, 2019
ACRES Capital Originates Loan to Acquire Top-Ranked Harborfront Inn in Greenport, NY
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated a loan to fund the acquisition and repositioning of the Harborfront Inn, a 35-key waterfront hotel located at 209 Front Street in Greenport, New York.
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December 16, 2019
ACRES Capital Originates $33M Loan for Multifamily Conversion of Historic Stamford, CT Property
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated an approximately $33 million loan to fund the conversion of One Atlantic, a historic, nearly 94,000-square-foot mixed-use office and retail property, into a 77-unit multifamily building with ground-floor retail.
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November 4, 2019
ACRES Capital Originates $38M Loan to Develop Mixed-Use Cincinnati Project
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated a $38 million loan to fund the development of 1118 Sycamore Street, a mixed-use project consisting of residential, retail and office space located in Cincinnati, Ohio’s Over-The-Rhine submarket.
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October 23, 2019
ACRES Capital Originates $59.6M Loan to Complete Racanelli Construction & Development’s The Residences at Glen Harbor Condo Property in Glenwood Landing, NY
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, Racanelli Construction & Development (“Racanelli”), a leader in New York construction and development for over 60 years and experienced CPA, financier and developer Ben Heitner jointly announced that ACRES originated a $59.6 million loan to complete the construction of Racanelli’s The Residences at Glen Harbor, a 48-unit, 165,000-square-foot residential condominium property located on Long Island, New York at 10 Shore Road in Glenwood Landing.
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October 8, 2019
ACRES Capital Originates $12.9M Loan to Acquire Mixed-Use Atlanta Project
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, is pleased to announce that it has originated a $12.9 million loan to fund the acquisition of 1439 Peachtree Street NE.
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August 29, 2019
Long Island City, NY
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, announced that it originated a $35 million loan to complete the construction of 23-20 Jackson Avenue, a nine-story, 82,000-square-foot mixed-use property located in Long Island City, New York.
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August 20, 2019
Atlanta, GA
ACRES Capital (“ACRES”) is pleased to announce the funding of a loan whose proceeds were used to acquire a 1.5-acre development site in Buckhead, an uptown commercial and residential district of Atlanta, GA.
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