Exchange at Juban

Denham Springs, LA

Multifamily Refinance

Exchange at Juban

MULTIFAMILY REFINANCE

ACRES Capital has secured a $44.7 million loan to refinance Exchange at Juban, a newly constructed 264-unit, Class A multifamily community located on Cassel Road in Denham Springs, Louisiana.

This Property Consists of:

• A garden-style, low-rise apartment community
• Situated within the growing Livingston Parish submarket of the Baton Rouge metropolitan area
• A mix of one-, two-, and three-bedroom residences with an average unit size of 1,043 square feet
• 577 parking spaces

$45 Million

Loan Amount

Refinance

Loan Product

“We are pleased to support the refinancing of a newly delivered, best-in-class apartment community in a growing suburban submarket of Baton Rouge. Exchange at Juban benefits from strong demographics, limited new supply, and convenient access to major employment centers, positioning the Property for continued lease-up and long-term stability with a repeat sponsor of ACRES.”

- Mark Fogel

Chief Executive Officer and President of ACRES

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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.