 NEW YORK--BUSINESS WIRE--Ares Commercial Real Estate Corporation NYSE: ACRE the Company or ACRE announced today that the Company, through wholly owned indirect subsidiaries, closed an approximately 667 million commercial real estate collateralized loan obligation CRE CLO. The CRE CLO financed interests in 23 senior loans with an initial advance rate of 81 and an initial weighted average coupon of one-month LIBOR 1.17, excluding transaction costs. The CRE CLO is match-term, no 