ACRES in the News
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August 3, 2020
Exantas Capital Corp. Announces Acquisition of Management Contract from C-III Capital Partners by ACRES Capital Corp. and $375 Million Financing from MassMutual and Oaktree Capital Management
Exantas Capital Corp. Announces Acquisition of Management Contract from C-III Capital Partners by ACRES Capital Corp. and $375 Million Financing from MassMutual and Oaktree Capital Management New York, NY (August 3, 2020) – Exantas Capital Corp. (NYSE: XAN) (the “Company” or “Exantas”) announced today that ACRES Capital Corp. through its subsidiary, ACRES Capital, LLC (collectively, […]
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May 19, 2020
ACRES Capital Originates $13M Loan to complete Ultra-Luxury Townhomes in Philadelphia, PA
PHILADELPHIA, PA (May 19, 2020) – 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 approximate $13 million mid-construction loan to fund the completion of Moderna at Rittenhouse (the “Property”), located in the coveted neighborhood of Rittenhouse Square – Philadelphia. […]
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March 26, 2020
ACRES Capital Originates $18M Loan to Develop Miami Beach Condominiums
MIAMI BEACH, FL (March 26 , 2020) – 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 $18 million construction loan to fund the development of Ten30 South Beach (the “Property”), a four-story, 43-unit condominium building located at 1030 […]
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March 23, 2020
ACRES Capital Originates ~$12M Loan to Revitalize 106,000-SF Office Property
DEERFIELD, IL (March 23, 2020) – 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 $12 million loan to fund the renovation and lease-up of Ten Parkway North, a three-story office property located at 10 Parkway North Boulevard in […]
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March 19, 2020
COVID-19
Dear Clients, Colleagues, Partners, and Friends, We have been closely monitoring the ongoing situation as it relates to COVID-19. Our team and our clients remain our top priority and we are committed to serve the well-being of all. At this time, ACRES remains fully operational and we are able to seamlessly conduct business as usual. […]
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March 4, 2020
THE COLLECTIVE OBTAINS $75 MILLION CONSTRUCTION FINANCING AT NEWEST LOCATION, 292 NORTH 8TH STREET, IN WILLIAMSBURG, BROOKLYN
Construction to begin immediately on mixed-use property, purpose-built for students and short stays– slated to open in 2022 (NEW YORK, NY – March 4, 2020) – The Collective, the leading global co-living company based in New York, London and Berlin, today announced it has secured $75 million in construction financing for its latest co-living development, […]
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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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