ACRES Commercial Realty Corp 8-K, filed Jul 24, 2026
ACRES Commercial Realty Corp. (ACR)
About this 8-K
ACRES Commercial Realty Corp filed this 8-K on July 24, 2026, reporting on events of July 21, 2026.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On July 21, 2026, RCC Real Estate SPE 8, LLC ("SPE 8"), an indirect, wholly owned subsidiary of ACRES Commercial Realty Corp. (the “Company”), entered into Amendment No. 5 to Master Repurchase Agreement (the “JPM Master Repurchase Amendment”) with JPM, which made certain amendments and modifications to the Master Repurchase Agreement dated October 26, 2018 between the Company and JPM, as amended, including but not limited to amending the maturity date from July 21, 2026 to July 21, 2028.
The foregoing description of the JPM Master Repurchase Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment, which has been filed with this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ACRES COMMERCIAL REALTY CORP. |
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Date: |
July 24, 2026 |
By: |
/s/ Eldron C. Blackwell |
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Eldron C. Blackwell |
Exhibit 99.1
AMENDMENT NO. 5 TO MASTER REPURCHASE AGREEMENT
AMENDMENT NO. 5 TO MASTER REPURCHASE AGREEMENT, dated as of July 21, 2026 (this “Amendment”), between RCC REAL ESTATE SPE 8, LLC, a Delaware limited liability company (the “Seller”), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national banking association (the “Buyer”), and acknowledged and agreed to by ACRES COMMERCIAL REALTY CORP. f/k/a Exantas Capital Corp., a Maryland corporation (the “Guarantor”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Repurchase Agreement (as defined below).
RECITALS
WHEREAS Seller and Buyer are parties to that certain Master Repurchase Agreement, dated as of October 26, 2018 (as amended by that certain First Amendment to Uncommitted Master Repurchase Agreement, dated as of August 14, 2020, as amended by that certain Amendment No. 2 to Master Repurchase Agreement, dated as of September 1, 2021, as amended by that certain Amendment No. 3 to Master Repurchase Agreement and Guarantee Agreement, dated as of October 26, 2021, as amended by that certain Term SOFR Conforming Changes Amendment, dated as of December 31, 2021, as amended by that certain Amendment No. 4 to Master Repurchase Agreement, dated as of July 21, 2023, as amended hereby, and as may be further amended hereby, and as may be further amended, restated, supplemented or otherwise modified and in effect from time to time, the “Repurchase Agreement”); and
WHEREAS, Seller and Buyer have agreed, subject to the terms and conditions hereof, that the Repurchase Agreement shall be amended as set forth in this Amendment; and Guarantor has agreed to make the acknowledgements set forth herein.
NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer each agree, and Guarantor acknowledges, as follows:
“Maturity Date” shall mean July 21, 2028, or the immediately succeeding Business Day if such day shall not be a Business Day (the “Initial Maturity Date”), or such later date as may be in effect pursuant to Article 3(n) hereof. For the sake of clarity, the Maturity Date shall not be any date beyond July 21, 2030 (the “Final Maturity Date”).
(n)(i) Notwithstanding the definition of Maturity Date herein, upon written request of Seller prior to the then current Maturity Date, provided
that Buyer has determined that all of the extension conditions listed in clause (ii) below (collectively, the “Maturity Date Extension Conditions”) shall have been satisfied, Buyer may, in its sole discretion, agree to extend the Maturity Date for a period of up to three hundred sixty-four (364) additional days (the “Extension Period”) by giving notice to Seller of such extension; provided, that any failure by Buyer to deliver such notice of extension to Seller within thirty (30) days from the date first received by Buyer shall be deemed a denial of Seller’s request to extend such Maturity Date. Notwithstanding anything to the contrary in this Article 3(n)(i)hereof, in no event shall the Maturity Date be extended for more than two (2) Extension Periods and in no event shall the Final Maturity Date be after July 21, 2030.
(c) Article 3(n)(ii) of the Repurchase Agreement is hereby amended by (i) deleting the word “and” after subclause (D), (ii) replacing the period that ends subclause (E) with “; and”, and (iii) inserting a new subclause (F) in the correct alphanumerical order to read as follows:
[SIGNATURES FOLLOW]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the day and year first above written.
BUYER:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
a national banking association organized under the laws of the United States of America
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/s/ Thomas N. Cassino |
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Name: Thomas N. Cassino |
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Title: Managing Director |
SELLER:
RCC REAL ESTATE SPE 8, LLC, a Delaware limited liability company
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/s/ Mark Fogel |
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Name: Mark Fogel |
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Title: President |