Investor Presentaiton
Loans Held for Investment Portfolio Details
($ in millions)
#
Loan Type
Hotel Loans:
Location
Origination
Date
Current Loan Outstanding
Commitment Principal
Unleveraged
Carrying Value Interest Rate LIBOR Floor
Effective Yield Maturity Date
Payment
Terms (1)
39
Senior
40
Senior
OR/WA
Diversified
May 2018
$68.1
$68.1
$67.3
L+3.45%
1.9%
7.4%
Sep 2018
60.8
60.8
60.6
L+3.60%
2.1%
6.1%
May 2022
Sep 2022
41
Senior
CA
Dec 2017
40.0
40.0
40.0
L+4.12%
1.4%
5.8%
Jan 2022
42
Senior
MI
Nov 2015
33.2
33.2
33.2
L+3.95%
0.3%
4.4%
Jul 2022
1/0
43
Senior
IL
Apr 2018
32.9
32.9
31.0
L+4.40%
1.9%
-%(2)
May 2022
55555
1/0
1/0
1/0
1/0
Total Hotel
$235.0
$235.0
$232.1
Student Housing Loans:
44
Senior
TX
Dec 2017
$39.5
$39.5
$39.5
L+4.75%
0.5%
5.5%
Jan 2022
45
Senior
CA
Jun 2017
36.5
36.5
36.5
L+3.95%
0.4%
4.3%
Jul 2022
46
Senior
NC
Feb 2019
30.0
30.0
30.0
L+3.15%
2.3%
5.9%
Feb 2022
47
Senior
TX
Dec 2017
25.1
24.6
24.4
L+3.45%
1.6%
5.6%
Feb 2023
48
Senior
FL
Jul 2019
22.0
22.0
21.9
L+3.25%
2.3%
6.0%
Aug 2022
49
Senior
AL
Apr 2021
19.5
19.5
19.3
L+3.85%
0.2%
4.4%
May 2024
NOOOOO
P/I
1/0
1/0
1/0
1/0
1/0
$172.6
$172.1
$171.6
Total Student Housing
Self Storage Loans:
50
Senior
NJ
Apr 2021
$55.5
$55.5
$55.6
L+3.80%
0.4%
4.1%
Feb 2024
51
Senior
FL
Feb 2019
19.5
19.5
19.5
L+3.50%
2.0%
6.0%
Mar 2022
52
Senior
FL
Jan 2021
10.8
10.8
10.7
L+2.90%
1.0%
4.4%
Dec 2023
53
Senior
AZ
Jul 2021
8.6
8.3
8.3
L+2.90%
0.9%
4.0%
May 2024
54
Senior
AZ
Jul 2021
7.4
7.4
7.3
L+2.90%
0.9%
4.1%
May 2024
55
Senior
FL
Jan 2021
7.0
7.0
6.9
L+2.90%
1.0%
4.3%
Dec 2023
56
Senior
FL
Jan 2021
6.4
6.4
6.4
L+2.90%
1.0%
4.3%
Dec 2023
57
Senior
MO
Jan 2021
6.5
6.1
6.1
L+3.00%
1.3%
4.4%
Dec 2023
58
Senior
IL
Jan 2021
5.6
5.5
5.5
L+3.00%
1.0%
4.3%
59
Senior
FL
Jan 2021
4.4
4.4
4.4
L+2.90%
1.0%
4.2%
60
Senior
CO
Jul 2021
3.2
3.2
3.2
L+2.90%
0.9%
3.8%
Dec 2023
Dec 2023
Apr 2024
1/0
OOOOOOOOOOO
1/0
1/0
1/0
1/0
1/0
1/0
1/0
1/0
1/0
1/0
Total Self Storage
$134.9
$134.1
$133.9
Note: As of September 30, 2021. Please see the glossary at the end of this presentation.
1. I/O = interest only, P/I = principal and interest.
19
2. Loan was on non-accrual status as of September 30, 2021 and therefore, there is no Unleveraged Effective Yield as the loan is non-interest accruing.
①ARES
COMMERCIAL REAL ESTATE CORPORATIONView entire presentation