The Real Deal Miami

Ares Commercial closes $47 million in financing on Miami office building

October 10, 2012 12:45PM

Ares Commercial Real Estate Corporation has closed on a $47 million first mortgage loan that is collateralized by a Class B office property in Brickell, the company announced Tuesday. The deal, which closed at the end of September, is part of a total of $113 million in loans handled by the firm in the third quarter of 2012. Ares’ investment portfolio of loans has reached $191 million of carrying amount. Ares is a finance company that specializes in middle-market commercial real estate loans. — Alexander Britell