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Mark Fogel
President & Chief Executive Officer, ACRES Capital and ACRES Commercial Realty Corporation
Mark Fogel is the Founder, President, and Chief Executive Officer of ACRES Capital, a commercial real estate finance company he established in 2012.13 With over 25 years of experience in commercial real estate finance, Fogel has specialized in providing debt and equity solutions for transitional, middle-market assets.14
Career Highlights
- Founded ACRES Capital in 2012, growing it to over $850 million in assets under management with 29 real estate professionals across three offices1
- Served as President and CEO of ACRES Commercial Realty Corp. since July 20202
- Previously held executive positions at several prominent commercial real estate finance companies2
Education
- Bachelor of Science in Accounting from the University of Delaware3
- Master of Science in Real Estate Investment and Development from New York University3
Business Approach
Under Fogel's leadership, ACRES Capital focuses on:
- Providing first mortgage liens for transitional properties
- Average loan balance of around $17 million
- Loan-to-value ratios of 60-70%
- Loan terms typically ranging from 12 to 36 months1
Fogel emphasizes maintaining high lending standards, noting that the company has never realized a loss on any of its loans.1
Industry Involvement
Mark Fogel is a frequent panelist at commercial real estate conferences and has lectured at universities on topics including capital markets, asset management, loan structuring, workouts, and entrepreneurship.2
Through his leadership, ACRES Capital has aimed to change the reputation of private lenders by offering flexibility to borrowers while maintaining strict lending guidelines.1