The Mill

Ridgewood, NY

Multifamily Refinance

The Mill

MULTIFAMILY REFINANCE

ACRES Capital has provided a $30.5 million first-mortgage bridge loan to refinance The Mill, located at 1614–1626 Madison Street in the Ridgewood neighborhood of Queens, New York.

• Newly built
• Seven-story
• 90-unit multifamily property

$31 Million

Loan Amount

Bridge Loan

Loan Product

“The Mill exemplifies the kind of institutional-quality, well-located multifamily asset that continues to outperform in New York City’s outer boroughs. We are pleased to support Essex Capital’s business plan and further expand ACRES’ footprint in dynamic neighborhoods like Ridgewood.”

- Mark Fogel

Chief Executive Officer and President

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Construction • Bridge • Permanent

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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.