Ares Commercial Real Estate Corporation Closes $37 Million Mezzanine Loan On Downtown Chicago Property

We believe our current available capital should enable us to make additional senior loans of approximately $300 million. Ares Commercial Real Estate Corporations loan portfolio had outstanding principal of approximately $696 million as of August 30, 2013. About Ares Commercial Real Estate Corporation Ares Commercial Real Estate Corporation is a specialty finance company that originates, invests in and manages middle-market commercial real estate loans and other commercial real estate investments. Through its national direct origination platform, Ares Commercial Real Estate Corporation provides flexible financing solutions for middle market borrowers. Ares Commercial Real Estate Corporation intends to elect to be taxed as a real estate investment trust and is externally managed by an affiliate of Ares Management LLC, a global alternative asset manager with approximately $66 billion in committed capital under management as of June 30, 2013 and pro forma for the AREA Property Partners acquisition which closed on July 1, 2013. For more information, please visit ACREs website at arescre.com. Forward-Looking Statements Statements included herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/ares-commercial-real-estate-corporation-120000932.html

Sales boom tests real estate agents

That friendly pocket listing has now become an epidemic. Conway said that in some metropolitan areas, more than 30 percent of home listings are being withheld from the MLS with the sellers permission. Agents and sellers use this tactic to more tightly control the marketing of the property and fuel buyer interest. Not putting your listing in the MLS is now becoming more common in many places, Conway said. Its going to damage our MLS, its going to damage our value proposition, [link] and its going to have an effect on the marketplace. Conway said that consumers are already shifting their initial home-buying focus from familiar agents to huge Web portals including Zillow, Trulia and RealtyTrac.
For the original version including any supplementary images or video, visit http://www.buffalonews.com/business/sales-boom-tests-real-estate-agents-20130914

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s