24 River Road

Bogota, NJ

Industrial Refinance

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24 River Road

INDUSTRIAL REFINANCE

ACRES Capital has funded a $31 million loan to refinance and lease 24 River Road in Bogota, NJ.

This Property Consists of:

• Class B industrial development
• Total net rentable area of 208,575 SF
• Located on a 10.796-acre site

“We are pleased to continue our partnership with Thor by providing tailored financing for 24 River Road,” said Mark Fogel, Chief Executive Officer and President of ACRES Capital Corp. “This transaction aligns with ACRES’ continued commitment to supporting well-located, value-add properties that demonstrate strong market fundamentals. Our $31 million bridge facility will allow sponsorship to complete capital improvements, execute its lease-up plan, and ultimately deliver a fully stabilized, state-of-the-art property to meet the growing demand for industrial space in Northern New Jersey.”

$31 Million

Loan Amount

Refinance

Loan Product

“We are pleased to continue our partnership with Thor by providing tailored financing for 24 River Road. This transaction aligns with ACRES’ continued commitment to supporting well-located, value-add properties that demonstrate strong market fundamentals. Our $31 million bridge facility will allow sponsorship to complete capital improvements, execute its lease-up plan, and ultimately deliver a fully stabilized, state-of-the-art property to meet the growing demand for industrial space in Northern New Jersey.””

- Mark Fogel

Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, 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. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.