ACRES in the News
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November 14, 2024
ACRES Funds $35 Million for Mixed-Use Development in Miami, Florida
Loan to Support Pre-Development of Three-Building Mixed-Use Site [MIAMI, FL] (SEPTEMBER 12, 2024) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced today it has secured a $35 million loan to refinance the pre-development of a mixed-use project located at 2400-2500 North Miami Avenue in Miami, FL (the “Property”) on behalf of its Cayman Island Fund. The property […]
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October 9, 2024
ACRES Secures $19 Million for Student Housing Complex in Winston-Salem, North Carolina
Loan to fund the refinancing of a 75-unit student housing complex WINSTON-SALEM, NC (AUGUST 6, 2024) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced today that it has acquired a $19 million 1st mortgage loan to refinance Deacons Station, a 75-unit student housing complex with a total of 300 beds, located in Winston-Salem, North Carolina (the “Property”) […]
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October 1, 2024
ACRES Provides $15 Million for Multifamily Property in San Diego, CA
Loan to fund a 70-unit mid-rise apartment complex. SAN DIEGO, CA (August 7, 2024) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced today that it has acquired a $15 million loan to finance the acquisition of City Villas Apartments, a 70-unit multifamily property, located in San Diego, California (the “Property”) on behalf of its Cayman Island Fund. […]
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March 14, 2023
ACRES Capital and Project Destined Announce Strategic Partnership to Mentor Underserved Students to Become the Next Generation of Commercial Real Estate Leaders
UNIONDALE, NY (MARCH 14, 2023) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, announced its partnership with Project Destined. ACRES Capital’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship, and real estate to students from underserved communities. ACRES welcomed 15 students […]
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January 5, 2023
ACRES Acquires $34M Self-Storage Loan
Loan to Refinance Self-Storage Property in Hawthorne, CA HAWTHORNE, CA (JANUARY 5, 2023) – ACRES announced today that it has acquired a $34 million loan to refinance Life Storage Hawthorne on behalf of its Cayman Island fund. Located in Hawthorne, CA, the property is a 91,113 SF Class A facility with a total of 986 units. Property […]
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December 5, 2022
ACRES Funds $10.5M for Student Housing Development in Berkeley, CA
Loan to fund the acquisition and pre-development of proposed 12,792 SF Student Housing Project BERKELEY, CA (DECEMBER 5, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, has originated a $10.5 million loan to fund the acquisition and pre-development of proposed student housing development 2538 Durant Avenue located in […]
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November 28, 2022
ACRES Funds $83.725M for Multifamily Development in Frederick, MD
Loan to fund the construction and stabilization of proposed 325,944 NRSF multifamily development FREDERICK, MD (NOVEMBER 28, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, originated a $83.725 million loan to fund the construction and stabilization of Residences at East Church, located at 605 East Church Street in […]
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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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