ACRES funded an acquisition and predevelopment project secured by three contiguous vacant parcels totaling a combined 1.02 acres in Brooklyn, N.Y. Sponsored by The Collective, this project will include the development of a mixed-use property comprised of the following:
Conveniently located in the Bedford-Stuyvesant neighborhood of Brooklyn, the site is conducive to commercial and residential development.
Exantas Capital Corp.is externally managed by ACRES Capital, LLC. The Company’s primary investment strategies include transitional commercial real estate loans and longer duration commercial real estate credit investments, such as commercial mortgage-backed securities. To see more on EXANTAS, click below.