ACRES Capital Corp. has originated a $10.5 million loan to fund the acquisition and pre-development of proposed student housing development 2538 Durant Avenue located in Berkeley, California. The loan is provided to Valiance Capital, a locally based real estate development and investment management firm with primary focus on multi-family and student housing.
2538 Durant Ave. will feature:
Located just one block from UC Berkeley, 2538 Durant Ave. offers easy access to the San Francisco Financial District and Oakland International Airport. In addition, it is close to BART stations in Downtown Berkeley.
Nhan Nguyen Le. Principal & Founder of Valiance Capital