Ares Commercial Real Estate Corporation (ACRE) is a specialty finance company. The Company operates both as a principal lender and a mortgage banker (with respect to loans collateralized by multifamily and senior-living properties). The Company has two reportable business segments: principal lending and mortgage banking. Its principal lending segment includes all business activities of the Company, excluding the ACRE Capital business, which represents investments in real estate related loans and securities that are held for investment. In the Company’s principal lending business, it is primarily focused on directly originating, managing and servicing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company’s own account. The Company’s mortgage banking segment includes all business activities of the acquired ACRE Capital business. The Company is engaged in the mortgage banking business through its wholly owned subsidiary, ACRE Capital LLC.