Acres Commercial Realty Extends $250 Million Morgan Stanley Facility to November 2027
Bitget2026/11/06 21:20- Acres Commercial Realty extended its subsidiary's $250 million master repurchase facility with Morgan Stanley Bank to November 3, 2027.
- The November 2, 2026, amendment lowers minimum EBITDA-to-interest expense coverage to 1.15 times for quarters ending September 2026 through September 2027.
- Minimum coverage rises to 1.25 times for December 2027 through March 2028, then 1.35 times thereafter.
- Further one-year extensions require Morgan Stanley Mortgage Capital Holdings' consent.
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