{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-001179","form_type":"8-K","ticker":"ACR","cik":"0001332551","company_name":"ACRES Commercial Realty Corp.","filed_at":"2023-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.516457+00:00","generated_at":"2026-06-20T09:17:51.241890+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ACRES Commercial Realty subsidiary guarantees $48M construction loan for student housing complex","bullets":["Subsidiary ACRES Realty Funding, Inc. provided 'bad boy' guaranties on a $48M construction loan from Oceanview Life and Annuity Company.","Loan made to joint venture Chapel Drive East, LLC for a student housing project.","Guaranties also include Completion, Carry, and Environmental Indemnity agreements, with financial covenants for ARF.","Guarantors include ARF and individuals Jason Pollack and Frank Dellaglio.","Loan agreement dated January 24, 2023; guaranties are limited recourse, non-recourse carve-outs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-001179","json":"https://secwatch.observer/filing/0000950170-23-001179.json","markdown":"https://secwatch.observer/filing/0000950170-23-001179.md","text":"https://secwatch.observer/filing/0000950170-23-001179.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1332551/000095017023001179/0000950170-23-001179-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1332551/000095017023001179/acr-20230124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T09:17:51.241890+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"237b1bbea1bd42cf4227126bffa886af4064457a","claim":"ACRES Commercial Realty Corp. entered into Guaranties (including Guaranty Agreement, Completion Guaranty Agreement, Carry Guaranty Agreement, and Environmental Indemnity Agreement) with Oceanview Life and Annuity Company valued at $48 million (effective 2023-01-24).","evidence_excerpt":"On January 24, 2023, in connection with ACRES Commercial Realty Corp.’s (the “Company”) investment in a student housing complex, ACRES Realty Funding, Inc., a direct, wholly-owned subsidiary of the Company (“ARF”) entered into guaranties related to a $48 million construction loan made by the joint venture in which the Company has a membership interest.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1332551/000095017023001179/0000950170-23-001179-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Oceanview Life and Annuity Company"},{"label":"Value","value":"$48 million"},{"label":"Effective","value":"2023-01-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}