ACRES in the News
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July 15, 2022
ACRES Originates $74.75M Loan for Westin Gwinnett in Duluth, GA
DULUTH, GA (JULY 18, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, has originated a $74.75 million loan to fund the construction of the Westin Gwinnett Hotel in Duluth, Georgia. “The property’s proximity to Atlanta, coupled with being the first 4-star hotel of its kind in this market, will meet […]
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May 16, 2022
ACRES Originates $24.9M Loan for Annapolis Self Storage in Annapolis
Loan to fund the construction and stabilization of 751 self-storage units ANNAPOLIS, MD (May 6, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $24.9 million loan to fund the development of Annapolis Self Storage in Annapolis, Maryland. Once completed, the proposed development will […]
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April 25, 2022
ACRES Originates $19.25M Loan for Sawyer & Huck Apartments in Minneapolis
Loan to fund the development of multifamily building with 83 residential units MINNEAPOLIS (April 25, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $19.25 million loan to fund the development of Sawyer & Huck (the “Property”) in Minneapolis. The proposed 46,504-square-foot multifamily building will house […]
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April 11, 2022
ACRES Originates $73.375 Million Loan for Reflection Condominiums in St. Petersburg, Fla.
Loan to fund the construction of 18-story building with 88 residential condominiums ST. PETERSBURG, FLA. (April 4, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $73.375 million loan to fund the development of Reflection Condominiums (the “Property”) in St. Petersburg, Florida. Located on a .70-acre […]
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March 28, 2022
Boardwalk Apartments
GARDEN CITY, ID (March 28, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $67 million loan to fund the development of Boardwalk Apartments (the “Property”) in Garden City, Idaho. The plan is to develop a mixed-use, mid-rise structure consisting of 234 rental units, […]
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March 4, 2022
ACRES Originates $34M Loan for The Rose at Great Neck
Loan to fund the construction of condominiums in Great Neck, NY GREAT NECK, NY (March 4, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $34 million loan to fund the construction of The Rose at Great Neck Condominiums (the “Property”) in Great Neck, […]
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February 17, 2022
ACRES Originates $16M Loan for Nona Cove
ORLANDO, FLA. (February 17, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $16 million loan to fund the development of Nona Cove Self Storage (the “Property”) in Orlando, FL. The property comprises 98,448 net rentable square feet to be developed into an Extra […]
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January 18, 2022
ACRES Originates $30.5M Loan for 1200 West Fulton Street in Chicago
Loan to fund the acquisition and pre-development of office and multifamily buildings CHICAGO (January 18, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $30.5 million loan to fund the acquisition and pre-development of 1200 West Fulton Street (the “Property”) in Chicago. Located in […]
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December 23, 2021
ACRES Originates $15.9M Loan for Hart’s Camp & Cape Kiwanda RV Resort
Funds to acquire and renovate nationally recognized tourist destination on the Oregon Coast PACIFIC CITY, OR (December 23, 2021) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $15.9 million loan to fund the acquisition, renovation, and combination of Hart’s Camp and Cape Kiwanda RV Resort in Pacific City, OR. […]
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December 15, 2021
ACRES Capital Originates $50.5M Loan for Multifamily Development Adjacent to University of Georgia
ATHENS, Ga. – (December 15, 2021) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $50.5 million loan to fund the construction and stabilization of Baldwin Village (the “Property”), a five-building, multifamily community featuring residential units and retail located at 475 Baldwin Street in Athens, Georgia. The loan is provided […]
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