Pref equity & mezz
ACRES Capital
ACRES Capital, LLC is a nationwide direct lender to middle-market commercial real estate, based in Uniondale, New York. It is an SEC-registered investment adviser.
The platform is organized around the phases of an asset's life. Phase one is floating-rate debt from $15 million to $100 million on one- to three-year terms, for entitled land, construction, adaptive reuse, and property redevelopment. Phase two provides three- to five-year debt to lease up and stabilize a completed property. Phase three provides long-term fixed-rate financing on five- to fifteen-year terms once a property is stabilized, with flexible rates and structures. Financing is non-recourse and interest only.
The firm lends on multifamily, student housing, retail, hotel, industrial, office, and self-storage, and pursues opportunities with economic upside and sound fundamentals, on distressed and non-distressed property alike, at every stage from predevelopment through stabilization.
Rates, fees, and credit parameters beyond loan size and term are not published, so terms have to be established through the firm directly.
Best for
Sponsors financing middle-market commercial real estate - multifamily, student housing, industrial, hotel, retail, office, or self-storage - who need $15 million or more of non-recourse, interest-only floating-rate debt for construction, adaptive reuse, or repositioning.
What they do
- Construction loans
- Bridge loans
- Adaptive reuse and redevelopment financing
- Entitled land loans
- Lease-up and stabilization loans
- Long-term fixed-rate permanent loans
- Non-recourse, interest-only financing nationwide
Details
| Attribute | Value |
|---|---|
| Licenses | SEC-registered investment adviser |
What stands out
- Phase one construction and bridge loans run $15 million to $100 million on one- to three-year terms.
- Lease-up and stabilization loans run three to five years; permanent fixed-rate loans run five to fifteen years.
- Lends on multifamily, student housing, retail, hotel, industrial, office, and self-storage nationwide.
- An SEC-registered investment adviser, with its office in Uniondale, New York.