Item 8.01 Other Events.

On September 1, 2021, RCC Real Estate SPE 8, LLC, an indirect wholly owned subsidiary of ACRES Commercial Realty Corp. (the "Company") and JPMorgan Chase Bank, National Association entered into a second amendment to the Master Repurchase Agreement dated October 26, 2018 (the "Amendment") pursuant to which it amended the Company's minimum liquidity covenant as set forth in its Guarantee Agreement and added market terms regarding the replacement of LIBOR upon determination of a benchmark transition event.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.


Exhibit No.   Description
99.1            Amendment No. 2 to Master Repurchase Agreement, dated September 1,
              2021 between RCC Real Estate SPE 8, LLC and JPMorgan Chase Bank,
              National Association
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).

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