Ares Commercial Real Estate Corporation entered into an agreement to increase its existing Term Loan from $60.0 million to $150.0 million, reduce the all-in pricing from LIBOR plus 5.75% to an initial fixed rate of 4.50% and extend the initial...
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November 15, 2021, 07:52 AM
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Ares Commercial Real Estate Corporation announced that Sumit Sasidharan has been appointed as Managing Director and Head of Real Estate Debt Capital Markets at its external manager, a subsidiary of Ares Management, L.P. Based in New York, Sasidharan...
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September 07, 2017, 07:05 AM
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Ares Commercial Real Estate Corporation entered into an agreement with Wells Fargo Bank to increase the size of its existing financing facility from $225 million to $325 million. In addition, the initial maturity of the facility was extended to...
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July 11, 2016, 07:41 AM
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Ares Commercial Real Estate Corporation announced has closed a new $155.0 million secured term loan. The loan has a term of three years and proceeds will be used to fund new loan originations as well as for other general corporate purposes. The...
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December 14, 2015, 07:29 AM
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Ares Commercial Real Estate Corporation announced that through a wholly owned subsidiary it has closed a $75.0 million credit facility with Los Angeles-based City National Bank (“CNB Facility”). The CNB Facility will expand ACRE’s financial...
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August 01, 2014, 06:57 AM
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