News

ACRES Capital Originates $28M Construction Loan for Apartment Community Near Phoenix

DECEMBER 11, 2020

MARICOPA, ARIZ. — ACRES Capital has originated a $28 million loan for the construction and stabilization of Bungalows on Bowlin, a single-story multifamily property located at Bowlin Road and John Wayne Parkway in Maricopa. Cavan Cos., a Scottsdale, Arizona-based real estate developer, is the borrower and has developed multiple Bungalow-branded projects across the Phoenix area.

Bungalows on Bowlin will feature 196 apartments, a resort-style swimming pool and spa, a farmhouse-style clubhouse and 426 on-site parking spaces. Once completed, the 16-acre property will be one of the only single-story rental communities in the Maricopa submarket.

Jeremy Korer of Cushman & Wakefield arranged the loan.

MORE PRESS RELEASES

July 01, 2021

ACRES ORIGINATES $86M LOAN TO REFINANCE HILTON-BRANDED HOTEL IN DELRAY BEACH

DELRAY BEACH, Fla. – (July 1, 2021) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has…

June 04, 2021

ACRES ORIGINATES $29.2M LOAN FOR MULTIFAMILY PROPERTY IN FAST-GROWING MONTANA CITY

BOZEMAN, Mont. – (June 4, 2021) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has…

April 23, 2021

ACRES ORIGINATES $41.1M LOAN FOR HOLLYWOOD, L.A. MICRO-UNIT MULTIFAMILY PROJECT

LOS ANGELES – (April 23, 2021) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has…

GLBA Privacy Notice | Privacy Policy | Terms of Service | Registered SEC Investment Adviser

ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Westbury, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. ACRES may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. For information pertaining to the registration status of ACRES, please contact the SEC on their website at adviserinfo.sec.gov, or the state securities regulators for those states in which ACRES maintains a notice filing.