Financing ·
Ares Commercial Real Estate reduces minimum tangible net worth covenant to $400M under repurchase facilities
ACREAres Commercial Real Estate Corp
On October 5, 2026, Ares Commercial Real Estate Corporation amended its master repurchase facilities with Citibank, Morgan Stanley Bank, and Wells Fargo. The amendments lowered the company's minimum tangible net worth requirement from $500 million to $400 million. For the Wells Fargo facility specifically, the covenant also includes 80% of net proceeds from future equity issuances. This adjustment relaxes financial covenants associated with the company's borrowing arrangements. Ares Commercial Real Estate Corporation is a commercial real estate finance and investment firm.