ACRES Commercial Realty Corp.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
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Schedule IV - Mortgage Loans on Real Estate
SCHEDULE IV
Mortgage Loans on Real Estate
At December 31, 2025
(in thousands, except amounts in footnotes)
| Type of Loan/Borrower · Description /Location · InterestRates (1) · MaturityDate (2) · PeriodicPaymentTerms (3) · PriorLiens · FaceAmountof Loans · NetCarryingAmountof Loans(4) · PrincipalAmount ofLoans Subjectto DelinquentPrincipal orInterest | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRE whole loans: | ||||||||||||
| CRE whole loans in excess of 3% of the carrying amount of total loans | ||||||||||||
| Borrower A | Multifamily/Los Angeles, CA | 1M SOFR + 3.00% | FLOOR 3.00% | 2027 | I/O | — | $118,738 | $118,280 | — | ||||
| Borrower B | Multifamily/Tallahassee, FL | 1M SOFR + 2.95% | FLOOR 2.50% | 2028 | I/O | — | $89,850 | $89,025 | — | ||||
| Borrower C (5) | Multifamily/Rock Hill, SC | 1M SOFR + 3.41% | FLOOR 0.10% | 2030 | I/O | — | $82,876 | $82,876 | — | ||||
| Borrower D | Multifamily/Austin, TX | 1M SOFR + 2.75% | FLOOR 3.00% | 2028 | I/O | — | $60,250 | $59,635 | — | ||||
| Borrower E (6) | Multifamily/Tempe, AZ | 1M SOFR + 3.70% | FLOOR 2.50% | 2028 | I/O | — | $55,086 | $55,030 | — | ||||
| CRE whole loans less than 3% of the carrying amount of total loans | ||||||||||||
| CRE whole loans (7)(8) | Multifamily/Diversified | 1M SOFR + 2.60% - 4.36%FLOOR 0.05% - 4.00% | 2026-2029 | I/O & P/I | — | 1,086,838 | 1,082,543 | 53,471 | ||||
| CRE whole loans (7)(8) | Office/Diversified | 1M SOFR + 2.50% - 5.75%FLOOR 0.10% - 3.50% | 2026-2030 | I/O & P/I | — | 235,243 | 234,502 | 5,614 | ||||
| CRE whole loans | Hotel/Diversified | 1M SOFR + 5.00% - 7.00%FLOOR 3.00% - 3.02% | 2026 | I/O | — | 58,422 | 58,374 | — | ||||
| CRE whole loans | Mixed Use/Columbus, OH | 1M SOFR + 2.75% | FLOOR 3.00% | 2028 | I/O | — | 25,000 | 24,686 | — | ||||
| CRE whole loans | Self-Storage/Marietta, GA | 1M SOFR + 5.50% | FLOOR 4.50% | 2027 | I/O | — | 15,996 | 15,991 | — | ||||
| Total CRE whole loans | 1,828,299 | 1,820,942 | 59,085 | |||||||||
| Preferred Equity loan: | ||||||||||||
| Preferred Equity loan less than 3% of the carrying amount of total loans | ||||||||||||
| Preferred Equity loan | Multifamily/Tallahassee, FL | 10.00% | 2028 | 9,511 | 9,425 | — | ||||||
| Total preferred equity loan | 9,511 | 9,425 | — | |||||||||
| Total loans | 1,837,810 | 1,830,367 | 59,085 | |||||||||
| Allowance for credit losses | (20,398) | |||||||||||
| Total loans, net | $1,809,969 | |||||||||||
(1)
References to ("1M SOFR") are one-month Term Secured Overnight Financing Rate (“SOFR”), which is used as a benchmark on our CRE whole loans.
(2)
Maturity dates exclude extension options that may be available to borrower.
(3)
I/O = interest only, P/I = principal and interest.
(4)
The net carrying amount of loans comprises of a general allowance for credit losses of $20.4 million at December 31, 2025.
(5)
Includes a mezzanine loan of $12.1 million at par and amortized cost that has a fixed rate of 15.00%.
(6)
Includes a mezzanine loan of $86,000 at par and amortized cost that has a fixed rate of 15.00%.
(7)
Includes four multifamily loans andtwo office loans with total par of $110.5 million that are amortizing loans.
(8)
Maturity dates exclude one multifamily loan and one office loan in maturity default at December 31, 2025.
SCHEDULE IV
Mortgage Loans on Real Estate - (Continued)
At December 31, 2025
The following table reconciles our CRE loans carrying amounts for the periods indicated:
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Balance at beginning of year | $1,454,545 | $1,828,336 | $2,038,787 |
| Additions during the period: | |||
| New loans originated or acquired | 725,146 | 19,501 | 62,968 |
| Funding of existing loan commitments | 35,260 | 34,319 | 45,749 |
| Amortization of loan origination and extension fees and loan origination costs, net | 3,973 | 5,927 | 7,539 |
| (Provision for) reversal of credit losses, net | 7,749 | (4,790) | (10,902) |
| Loans charged-off | 4,700 | 700 | 948 |
| Capitalized interest and loan acquisition costs | 242 | — | — |
| Origination fee sold to related party | 344 | — | — |
| Deductions during the period: | |||
| Payoff, paydown and sale of loans | (362,035) | (377,583) | (293,158) |
| Loan sold to related party | (45,800) | ||
| Deed in lieu of foreclosure | — | (37,705) | (22,797) |
| Reclassification to loan held for sale | — | (11,800) | — |
| Loans charged-off | (4,700) | — | — |
| Capitalized origination and extension fees | (9,455) | (2,360) | (798) |
| Loss on discounted payoff | — | — | — |
| Balance at end of year | $1,809,969 | $1,454,545 | $1,828,336 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.