Investor Presentaiton
Loans Held for Investment Portfolio Details
($ in millions)
#
Loan Type
Location
Origination
Date
Current Loan
Commitment
Outstanding
Principal
LIBOR
Carrying Value
Interest Rate
Floor
Unleveraged
Effective Yield(1)
Maturity Date
Payment
Terms(2)
Industrial Loans:
42
Senior
FL
Oct 2019
$52.5
$52.5
$52.1
L+6.10%
2.1%
8.8%
Oct 2022
I/O
43
Senior
NY
Jan 2020
56.5
46.9
46.5
L+5.00%
1.6%
8.3%
Feb 2021
I/O
44
Senior
NC
May 2019
40.5
34.8
34.6
L+4.05%
1.6%
5.9%
Mar 2024
I/O
45
Senior
CA
Nov 2019
26.6
21.5
21.3
L+4.50%
1.9%
7.3%
Dec 2021
I/O
46
Senior
CA
Aug 2019
19.6
13.2
13.1
L+3.75%
2.0%
6.3%
Mar 2023
I/O
Total Industrial
$195.7
$168.9
$167.6
Residential/Condominium Loans:
47
Senior
CA
Jan 2018
$16.7
$13.1
$13.1
13.00%
―%
14.4%
Aug 2020
I/O
48
Subordinated
NY
Oct 2018
16.2
16.2
16.1
L+14.00%
2.3%
18.0%
May 2021
I/O
49
Subordinated
HI
Aug 2018
11.5
11.5
11.5
14.00%
%
17.0%
Oct 2020
I/O
Total Residential/Condominium
$44.4
$40.8
$40.7
Self Storage Loans:
50
Senior
Total Self Storage
FL
Feb 2019
$19.5
$19.5
$19.5
$19.5
$19.4
$19.4
L+3.50%
2.0%
6.0%
Mar 2022
I/O
Loan Portfolio Total/Weighted Average
$2,058.8
$1,806.3
$1,794.0
1.8%
6.4%
1. Unleveraged Effective Yield is the compounded effective rate of return that would be earned over the life of the investment based on the contractual interest
rate (adjusted for any deferred loan fees, costs, premiums or discounts) and assumes no dispositions, early prepayments or defaults. The total Weighted Average
Unleveraged Effective Yield is calculated based on the average of Unleveraged Effective Yield of all loans held by the Company as weighted by the outstanding
principal balance of each loan.
2. 1/0 = interest only, P/I = principal and interest.
17
ARES
COMMERCIAL REAL ESTATE CORPORATIONView entire presentation