Acres Loan Origination
Named as the sponsor's construction lender in 2 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.
Acres Loan Origination's 2 buildings in these plans are spread across Brooklyn (1), Manhattan (1), all new construction, 11 units at the middle, offered at an average $3.4M per unit. Check size: $54M typical (the median of 2 loans whose size the plan states or ACRIS records), from $33M to $75M.
- Buildings
- 2
- Residential units
- 11
- Typical check
- $54M
- Years
- 2019–2020
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Recent Growth
Acres Loan Origination's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
No buildings accepted since 2021. 0% of all 2 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 0 | — |
Latest: 292 N. 8th Street Lh Condominium, accepted Dec 17, 2020.
Strongest Relationships
No other firm is named with Acres Loan Origination on more than one building yet.
From the same offering plans as the table below. A firm's own affiliates aren't counted.
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| Condominium | Accepted | Units | Loan |
|---|---|---|---|
| 292 N. 8th Street Lh Condominium292 N. 8th St. · Brooklyn · new constructionRecorded as Acres Loan Origination, LLC · Sponsor: 292 N8 Ground Lessee LLC** · Recorded in ACRIS ↗ | 2020 | 0 | $75M* |
| 128 East 28th Street Condominium128 East 28th Street · Manhattan · new constructionRecorded as Acres Loan Origination, LLC · Sponsor: 128 E28 LLC · Recorded in ACRIS ↗ | 2019 | 11 | $33M* |
Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.