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Regalia at the Park

Houston, TX

Multifamily - Construction

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Houston, TX

Regalia at the Park

MULTIFAMILY - CONSTRUCTION

ACRES originated a $49 million construction loan to fund the completion of Sovereign at the Ballpark, a 229-unit, Class A multifamily building located at 101 Crawford Street in Downtown Houston. The loan carries a term of 18 months and is provided to sponsor Russ Krivor, an experienced investor with over $300 million in assets under management and more than 4,000 completed and leased apartments throughout the U.S.

Sovereign at the Ballpark encompasses six stories over a two-level, concrete parking structure and features diverse amenities including:

  • Swimming pool
  • Fitness center
  • Game room
  • Golf simulator
  • Clubhouse
  • Coffee bar
  • Barbecue grills
  • Stainless steel appliances
  • Granite or quartz countertops
  • Walk-in closets
  • Plank-wood flooring
  • Washers and dryers

The Property’s position within the highly walkable and rapidly redeveloping Warehouse District of Downtown Houston is within close proximity to Minute Maid Park, Discovery Green, the George R. Brown Convention Center, Toyota Center, historic Market Square Park, as well as numerous shopping, entertainment, and dining options.

$49 Million

Loan Amount

18 MONTHS

Loan Term

Construction Loan

Loan Product

“ACRES is fully aligned with our vision for Sovereign at the Ballpark, and was able to provide the attractive loan terms and flexibility required to complete the project. This development will be an excellent choice for residents looking to take advantage of everything the booming Downtown Houston neighborhood has to offer, further contributing to the submarket’s transformation into a true live-work-play setting.”

- Sponsor Mr. Krivor

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