Ares Commercial Real Estate Corporation (“ACRE”) is a Real Estate Investment Trust managed by Ares Commercial Real Estate Management LLC (“ACREM”), a subsidiary of Ares Management Corporation (“Ares”), a global alternative investment manager. The firm invests in real estate and preferred equity investments, in addition to originating loans, such as senior mortgage loans, subordinated debt and mezzanine loans. Ares mainly focuses on office buildings, multifamily, self-storage, industrial and mixed-use.
Founded in 1997, Ares Commercial Real Estate Corporation has offices all over the United States, including New York, Los Angeles, Washington D.C. and Chicago.
High-Level Lending Parameters
Loan Amounts: $10-250+ million
Loan-to-Value: Up to 75% LTV
Lending Terms: 1 to 10 years
Interest Rate: Depends on the deal
Markets: All markets across the U.S.
Asset Classes: Office, multifamily, self-storage, industrial, mixed-use
- Office: A $81 million loan for the acquisition of boutique office building in New York City
- Mixed-Use: A $64 million loan for the acquisition of an 11-story property in Brooklyn, New York