ARES COMMERCIAL REAL ESTATE CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 1.01 Conclusion of a material definitive agreement.

On January 13, 2022, ACRC Lender C LLC (“ACRC Lender C”), a subsidiary of Ares Commercial Real Estate Corporation (the “Company”), and the Company entered into an amendment to the master retirement agreement (the “Citi Facility”) Citibank, NA The purpose of the change is, among other things, to extend the current expiration date of the facility and the availability of funding for the Citi facility by three years to January 13, 2025. The Facility Expiration Date remains subject to two 12 month renewals, each of which may be exercised at the discretion of ACRC Lender C, provided there are no pre-existing Citi Facility defaults and the applicable renewal fees are paid which, if if both were exercised, the maturity of the Citi Facility would extend to January 13, 2027. The change also changes the interest rate provisions in the Citi Facility to allow financing under the Citi Facility in conjunction with new loans pledged to the Citi Facility Use SOFR or an SOFR Average Term in Selecting ACRC Lender C. The above description of the Citi Facility Change is only a summary of certain material provisions of the Change, and is made in its entirety by reference to a copy of that Change , which is hereby submitted, restricted as Annex 10.1 and by this Bez as incorporated herein.

Point 2.03 Creation of a direct financial obligation or an obligation from an off-balance sheet agreement of a registrant.

The information required in Item 2.03 in Item 1.01 of this current report on Form 8-K is incorporated herein by reference.

Item 9.01 Annual financial statements and annexes.

(d) Exhibits:

Exhibit number Description 10.1 Sixth change to master buyback

Agreement of January 13th

2022, by and under ACRC Lender C LLC as seller, Ares Commercial Real Estate Corporation as guarantor, and Citibank, NA, as buyer. 104 Interactive data file for cover sheets – the XBRL tags for the cover sheet are embedded in the inline XBRL document 2

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