ACRES Capital

ACRES Capital operates as a private commercial real estate (CRE) lender, registered with the SEC as an investment adviser. Founded in 2012 by Mark Fogel, who serves as President and CEO, the firm is headquartered in Uniondale, New York. Fogel's background includes over two decades in CRE finance, holding executive roles at companies like General Growth Properties and Arbor Realty Trust, where he managed substantial asset portfolios. His journey began with an accounting degree, but he soon discovered a passion for tangible assets and real estate finance, which led him to establish ACRES.

The company specializes in providing debt capital solutions to the middle-market commercial real estate sector across the United States. Its primary business involves originating, holding, and managing CRE mortgage loans. ACRES's lending solutions cover various stages of a property's lifecycle, including pre-development, construction, renovation, and stabilization. The firm's financing is directed towards a diverse range of asset types, such as multifamily, industrial, office, hospitality, and student housing properties. Revenue is generated through the interest and fees on these loans.

ACRES offers a range of financial products, with a focus on first mortgage liens, bridge loans, and permanent financing for transitional properties. The firm typically handles loans between $15 million and $100 million, with loan-to-value ratios of 60-70% and terms of 12 to 36 months. A key aspect of their model is financing complex real estate transactions that may not fit within traditional banking structures. The company manages its balance sheet, private real estate funds, and a publicly traded mortgage REIT, ACRES Commercial Realty Corp. (NYSE: ACR). Since its inception, ACRES has invested in over 77 transactions, representing more than $1.6 billion in total volume as of June 2020.

Keywords: commercial real estate lending, middle-market finance, debt capital solutions, bridge loans, real estate investment firm, property financing, construction loans, asset management, mortgage REIT, Mark Fogel, transitional properties, real estate debt fund, Uniondale lender, hospitality financing, multifamily loans, industrial property loans, office property finance, private real estate funds, SEC registered investment adviser, commercial mortgage