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Prospect News home > News index > List of issuers A > Headlines for Ares Commercial Real Estate Corp. > News item
Published on 8/19/2014 in the Prospect News Private Placement Daily.

Ares Commercial Real Estate arranges $180 million loan with MetLife

By Lisa Kerner

Charlotte, N.C., Aug. 19 – Ares Commercial Real Estate Corp., through a wholly owned subsidiary, entered into a new $180 million facility with Metropolitan Life Insurance Co.

The secured funding facility will be used to finance commercial real estate loans.

The loan has an initial maturity date of Aug. 12, 2017, with two one-year renewal options, according to a company news release.

Ares Commercial is a Chicago-based specialty finance company that invests in and manages middle-market commercial real estate loans and other commercial real estate investments.


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