Acre Provides $104M Financing For 3 Communities

by multihousingnews.com posted 2weeks ago 1 views
The loans will go towards refinancing and renovating properties in Kentucky, North Carolina and Indiana. : Asia Capital Real Estate (ACRE) has provided $104 million in financing for three communities in high-growth markets in the Southeast and Midwest U.S. The loans were provided through ACRE’s debt fund, ACRE Credit, and will be used to refinance and renovate the properties in Louisville, Ky.; Arden, N.C.; and Indianapolis. In Louisville, ACRE provided a $43 million loan to the joint venture between Bristol Development and Federated Insurance for its Main & Clay community.

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