ACRES in the News
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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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July 17, 2019
Key Largo, FL
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, announced that it originated a $74.5 million loan to finance the construction of the Residence Club at Ocean Reef, a 48-unit luxury condominium development located within the Ocean Reef Club in Key Largo, Florida.
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June 25, 2019
Arcadia, CA
ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, today announced that it originated a $43.5 million bridge loan to complete the construction and stabilization of the Le Meridien by Marriott International hotel in Arcadia, California.
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April 17, 2019
Canandaigua, NY
ACRES Capital (“ACRES”) is pleased to announce the funding of construction completion, hotel stabilization, and condominium loan secured by a 5.85-acre lot in Canandaigua, NY. The waterfront mixed-use property will feature a 109 key Tapestry by Hilton Hotel and 44 residential condo units.
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