ACRES Commercial Realty extends $250M credit facility availability period to Aug 31, 2022; adjusts interest rate

ACRES Commercial Realty Corp.

Fifth Amendment extends Availability Period from July 31 to August 31, 2022.
Interest rate on new Advances set at rate determined by Initial Lender or 5.75% per annum.
Amendment involves Massachusetts Mutual Life Insurance Co. and Wells Fargo as Administrative Agent.
Loan and Servicing Agreement originally dated July 31, 2020, with $250 million facility.

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