Reflection Condominiums

St. Petersburg, FL

Condo - Construction

Reflection Condominiums

CONDO - CONSTRUCTION

ACRES Capital Corp. has originated a $73.375 million loan to fund the development of Reflection Condominiums—an 18-story building in St. Petersburg, Florida.

St. Petersburg has evolved from a popular retirement destination into a younger city, drawing people of all ages who have relocated in recent years to take advantage of the favorable weather and a lower cost of living. The centrally located Reflection Condominiums will be surrounded by abundant dining options, shopping, and cultural attractions.

Reflection Condominiums will feature:

88 residential condominiums
27,691 Square feet of common area
237 Car parking garage

$73.375 Million

Loan Amount

Construction Loan

Loan Product

“St. Petersburg is one of the fastest growing regions in Florida and has been called the ‘megamarket of the South. We expect the city’s tremendous growth to continue long-term, boding well for high-end residential projects like this.”

- Mark Fogel

ACRES 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.