Investor Presentaiton

Additional Details on Sources of Funding ($ in millions) Financing Sources Secured Funding Agreements Wells Fargo Facility $ Total Commitments Outstanding Balance Pricing Range Mark-to-Market 350.0 $ 281.2 LIBOR+1.50 to 2.75% Credit Citibank Facility 325.0 148.0 LIBOR+1.50 to 2.25% Credit CNB Facility¹ 50.0 LIBOR+2.65% Credit Morgan Stanley Facility 250.0 206.2 LIBOR+1.75 to 2.85% Credit MetLife Facility 180.0 20.6 LIBOR+2.10 to 2.50% Credit Subtotal 1,155.0 $ 656.0 Asset Level Financing Notes Payable $ 51.8 $ 48.3 LIBOR+3.00 to 3.75% None Capital Markets Secured Term Loan² $ 60.0 $ 60.0 LIBOR+ 5.75% Credit 2017-FL3 Securitization 445.6 445.6 LIBOR+ 1.70% None 2021-FL4 Securitization LIBOR+ 1.19% None 499.5 499.5 Subtotal Total Debt 1,005.1 $ 1,005.1 2,211.9 $ 1,709.4 Note: As of September 31, 2021/ 1. CNB facility was upsized to $75mm on 11/12/2021 with interest rate on future advances of SOFR + 2.65%. 2. Term loan was upsized to $150mm with interest rate of 4.50% fixed. 15 ARES COMMERCIAL REAL ESTATE CORPORATION

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