WAY Wednesday | August 13, 2025
Equity Provider of the Week
ACRES Capital is a nationally recognized, SEC-registered real estate investment firm headquartered in New York, specializing in middle-market commercial real estate lending. The firm provides senior mortgage financing ranging from $20 million to over $100 million for transitional assets across the U.S., with a focus on value-add opportunities, lease-up strategies, construction, and redevelopment. Since its founding, ACRES has established itself as a direct lender known for speed, certainty of execution, and a hands-on asset management approach. With an integrated platform and institutional backing, ACRES consistently delivers tailored financing solutions that meet the needs of dynamic sponsors. Their reliability, flexibility, and deep market knowledge make them a strategic and trusted partner to the WAY Capital team.
Capital Types: Senior Debt
Financing Types: Bridge, Construction,
Asset Classes: Hospitality, Industrial, Multi, Office, Retail, Other
Geographic Focus: Nationwide
WAY Back Wednesday…
WAY Capital arranged a $40.5 million senior bridge loan for the acquisition of Hotel 1000, a 120-key luxury hotel in downtown Seattle. The financing was secured on behalf of a joint venture between two seasoned sponsors with proven track records in hospitality and mixed-use investments.
Purchased at a significant discount to the prior ownership’s basis, the deal represents a compelling value-add opportunity at a price well below replacement cost.
The property underwent a major renovation in 2017, upgrading guestrooms, the lobby, and common areas. It was rebranded under Hilton’s luxury LXR Hotels & Resorts flag, with operations managed by Evolution Hospitality, a subsidiary of Aimbridge.
Situated just steps from Seattle’s revitalized waterfront and close to major attractions like Pike Place Market, CenturyLink Field, and Amazon’s headquarters, Hotel 1000 occupies a prime position in one of the city’s most dynamic corridors.
The bridge loan provided capital for the acquisition as well as reserves to support operations through stabilization during the rebrand implementation.
