Amendment to Master Repurchase and Securities Contract

On December 18, 2025, Ares Commercial Real Estate Corporation (the Company), through its subsidiaries ACRC Lender W LLC, ACRC Lender W TRS LLC, ACRC Warehouse Holdings LLC, and ACRC 2017-FL3 Holder REIT LLC, entered into an amendment to the Third Amended and Restated Master Repurchase and Securities Contract with Wells Fargo Bank, National Association. This amendment effectively increased the facility commitment amount from $450.0 million to $600.0 million, necessitating the payment of an upsize fee. The filing incorporates this information under Item 2.03, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, by reference to Item 1.01.