Thanks to a $38.34 million loan from ACRES, a mixed-use development with high-end retail is coming soon to Malibu. Situated on a 13-acre parcel, the property will be comprised of the following:
The property is situated between a future Whole Foods-anchored strip center and the future Santa Monica College Malibu Campus, which will generate additional foot traffic for the project.
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.