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Investor Presentaiton

Ares Commercial Real Estate Corporation Real Estate Investment Trust with Broad Product & Extensive Credit Capabilities ①ARES COMMERCIAL REAL ESTATE CORPORATION Predominately Invested in Value-Add Commercial Mortgage Loans National direct origination platform and tenured management team Disciplined underwriting process supports highly selective approach Benefits from sponsorship by Ares Management, a leading alternative asset manager Diversified financing sources with match funded assets and liabilities Key Statistics / Track Record Diverse Balance Sheet Defensive Portfolio Positioning $1.8 billion outstanding across 50 loans, 95% senior loans (1) No liquid or marketable securities 62% of loan portfolio backed by multifamily, office and industrial properties Access to $200 million warehouse sponsored by Ares Management As of June 30, 2020, unless otherwise indicated. Borrowings diversified across 8 different sources of financing No capital markets mark-to-market provisions based on changes in market borrowing spreads; strong firmwide relationships with all warehouse lenders Stable liquidity position; consistent quarterly dividends to date(2) No credit losses since inception in 2012(3) 1. 2. Represents outstanding principal balance. Diversification does not assure profit or protect against market loss. Past performance is not indicative of future results. There is no assurance dividends will continue at these levels or at all. 3. Past performance is not indicative of future results. 3 ARES COMMERCIAL REAL ESTATE CORPORATION
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