ACRES Commercial Realty Corp. entered into a seventh amendment to its Master Repurchase and Securities Contract Agreement with Morgan Stanley Mortgage Capital Holdings LLC, extending the facility termination date to November 2027. The agreement also modifies certain financial covenants under the associated guaranty. This refinancing maintains access to $250 million in secured financing for ACRES Real Estate SPE 10, LLC, a subsidiary of the company. ACRES Commercial Realty Corp. operates as a commercial real estate finance and investment firm.
