secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001193125-25-207376
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACR guarantees $62M construction loan and $11M bridge loan for Chicago JV project
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- On Sep 12, 2025, ACR entered guaranties for a $62M construction loan and an $11M bridge loan to a JV (90% owned by ACR).
- Guarantors include ACR and individuals Adam Friedberg, Anthony Hrusovsky, and Peter Koch.
- Guaranties cover completion, retail space, recourse, interest/carry costs, and environmental indemnity.
- A separate $10.9M bridge loan from Hoyne Savings Bank is backed by ACR's Repayment and Completion Guaranty.
- The loans finance the 65 E. Wacker Holdings II, LLC project in Chicago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000119312525207376/0001193125-25-207376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000119312525207376/acr-20250912.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-207376

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