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Investor Presentaiton

Illustrative Transactions of ACRE Originated Loans (1) Multifamily Multifamily Office Multifamily Mixed-use Multifamily Florida Florida Illinois New Jersey California Washington $46,689,000 Subordinate Loan $91,811,000 Senior Loan $37,556,000 Subordinate Loan $41,000,000 Senior Loan $39,621,000 Senior Loan $19,000,000 Senior Loan Industrial Multifamily Office Office Industrial Office New York Texas Various Illinois California Georgia B $56,500,000 Senior Loan $29,556,000 $132,567,061 $41,921,000 Senior Loan Senior Loan Senior Loan $26,622,000 Senior Loan $56,230,791 Senior Loan 1. The transactions presented in this section are shown for illustrative purposes only and are the twelve most recent ACRE transactions through June 30, 2020 but are not necessarily representative of all transactions of a given type or of investments generally and are intended to be illustrative of some of the types of investments that may be made by ACRE in regard to real estate private debt transactions. Such transactions are not necessarily representative of the investment opportunities that will be available to ACRE in the future. 9 ARES COMMERCIAL REAL ESTATE CORPORATION
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