SLR Capital Partners, LLC (“SLR” or “SLR Capital Partners”) is pleased to announce that funds managed by the firm arranged and funded an $80 million senior secured credit facility for entities managed by ACRES Capital (“ACRES” or the “Company”). The credit facility will help finance growth of the Company’s diversified commercial real estate portfolio.
Founded in 2012 and based in Uniondale, New York, ACRES is a private company focused on providing first lien mortgage loans to commercial real estate sponsors across the United States. The company is highly diversified and focuses on multi-family real estate.
“We are pleased to support the growth of ACRES’s business,” said Mitch Soiefer, Head of Lender Finance at SLR Capital Partners. “We are excited to partner with ACRES’ top tier management team through this strategic investment.”
“This financing marks a strong start to what we expect to be a long term partnership with the SLR team,” said Andrew Fentress, Managing Partner of ACRES. “Over the course of the investment process, we gained a deep appreciation for how the SLR platform can support ACRES as we continue to grow the business.”
About SLR Lender Finance
SLR Lender Finance, a division of SLR Capital Partners, LLC, provides senior secured loans and strategic equity to middle market commercial finance companies. The team utilizes the full resources of the SLR platform, with over $8 billion of investable capital, to deliver financing solutions to its clients. To learn more about how SLR Lender Finance can meet your company’s financing needs, please visit SLR Lender Finance or email the team at lenderfinance@slrcp.com
