ACRES Commercial Realty Corp. Announces Redemption of CRE Securitizations and Closing of a $940 Million Managed Facility Backed by Commercial Mortgage Loans

UNIONDALE, N.Y., March 17, 2025 /PRNewswire/ -- ACRES Commercial Realty (NYSE: ACR) (the "Company") announced that it repurchased the assets in ACRES Commercial Realty 2021-FL1 and ACRES Commercial Realty 2021-FL2 in their entirety and brought the existing JP Morgan warehouse facility balance to zero. In conjunction with the transaction, the Company entered into a new $940 million managed facility (the "Facility") with JP Morgan Chase Bank N.A. The Facility will be used to leverage commercial mortgage loan investments. The Facility provides term funding with the underlying loans and has a two-year reinvestment period.

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