Unlike many lenders, ACRES Capital, which does new construction, renovations, adaptive reuse and lease-ups, is looking at about every real estate asset class.
But ACRES CEO Mark Fogel, who also recently assumed the role of president, CEO and board member at Exantas Capital Corp., a bridge lender, is not necessarily migrating to apartments, which are usually one of the safer bets in a recession.
"We feel like the multifamily side is a little bit overplayed, but we're lending in that arena," Fogel says.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
