Trusted Partners

ACRES Capital — Construction Loan

ACRES, together with its subsidiaries, originated a $20.7 million loan to fund the construction and stabilization of the North Park Community Center, a multifamily project featuring multifamily units, ground-floor retail and parking in San Diego, California.

JLL Capital Markets, Prime — Bridge / Take-Out Loan

JLL Capital Markets arranged a $28 million construction take-out loan through Prime for re-financing Casa Verde upon its completion in 2023. JLL secured a non-recourse, floating-rate bridge loan for Champion that retired the construction debt, provided cash out, and allowed time for stabilization ahead of permanent financing.