ACRES Capital Provides $30.5M Loan To Vesper Holdings For Gateway Lofts In Lansing Michigan

The transaction involves Gateway Lofts, a 181-unit student housing property located at 3140 East Michigan Avenue in Lansing, MI. Built in 2021, the asset features 9,334 square feet of retail space. The loan amount secured for the acquisition is $30,500,000, facilitated by ACRES Capital.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $30,500,000
• Address: 3140 East Michigan Avenue, Lansing, MI
• Units: 181
• Lender: ACRES Capital
• Landlord: Vesper Holdings
• Retail Space: 9,334 SF
• Proximity to Michigan State University: Less than a mile
• Loan Date: 09/19/2025

Vesper Holdings is the landlord involved in this transaction, while ACRES Capital represents the lender in this specific deal, facilitating the acquisition of the student housing asset.