ACRES Provides $28.1 Million for a Townhome Complex in Charlotte, NC
JANUARY 22, 2026Loan to fund a Class A townhome apartment complex in North Carolina.
Charlotte, NC (January 22, 2026) – ACRES Commercial Realty Corp. (together with its affiliates, “ACRES”) announced today that it has funded a $28.1 million loan to refinance Abode at Parkside, a 104-unit townhome apartment complex, located in Charlotte, North Carolina (the “Property”).
“Abode at Parkside is precisely the type of asset we seek for our portfolio – a modern and well-amenitized apartment complex in a high-growth market,” said Mark Fogel, Chief Executive Officer and President of ACRES. “Partnering with experienced sponsors in a strong submarket positions this loan for durable performance as fundamentals tighten and demand remains resilient.”
The community spans approximately 11.67 acres across 21 two-story buildings, with all homes configured as three-bedroom, 2.5-bath units averaging roughly 1,588 square feet and featuring attached one-car garages. Interiors include stainless steel appliances, quartz countertops, tile backsplashes, LVP flooring, smart-home technology, and in-unit washer/dryers, complemented by community green spaces and pocket parks. Parking totals 300 spaces (196 surface and 104 garage), or approximately 2.88 spaces per unit
The asset benefits from excellent regional connectivity near Interstates 485, 85, and 77, offering convenient access to Charlotte’s employment centers and Charlotte Douglas International Airport. The Charlotte MSA continues to demonstrate diverse economic drivers and sustained population and employment growth, supporting resilient multifamily demand.
