High Stakes Conference – High Rollers Division

Explore the benefits of Ares Management for your financing needs

Ares Management

Website: https://www.aresmgmt.com/our-business/real-estate/real-estate-debt
LinkedIn: https://www.linkedin.com/company/ares-management/

🏀 2026 SEASON (CURRENT)

Total PointsDeals LoggedVolume DraftedPrimary Asest FocusMost Common Loan TermPrimary Loan TypeTop StatesPace ScoreWinsLosses
Bank OZK985$853,100,000Condo (3), Multifamily, IndustrialConstruction loan (5)Construction (5)Florida (2), Pennsylvania, New York, California0.332TBD
European Investment Bank854$925,520,000Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm15 years (1)Construction (2)Italy, Netherlands, Estonia, Spain0.27TBDTBD
Mitsubishi UFJ Financial Group (MUFG) - Commercial RE26513$3,930,177,778Solar (4), Geothermal (2), BESS/Storage (2)Construction-to-term / Non-recourse senior securedConstruction (8)Louisiana (3), Utah (2), Chile, Japan, Spain, India0.871TBD
Wells Fargo - Commercial RE57124$6,392,550,000Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2)Refinance (12), Acquisition (4), Construction (4), Bridge (2), Credit Facility, CMBS RefinanceNew York (12), Texas (2), California (2), Virginia (2), Florida (2), Illinois (2)1.511
Bank of Montreal (BMO) - Commercial RE1719$1,329,000,000Industrial (5), Multifamily (2), Data Centers, Retail2-year floating-rate (2); construction loan (1), fund-level revolving (1)Acquisition (4), Refinance (3), Construction, Credit FacilityGeorgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas0.561TBD
Deutsche Bank - Commercial RE24412$2,726,870,000Office (7), Multifamily (2), Energy/LNG, Hotel, Life Sciences5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1)Refinance (8), Construction (2), CMBS RefinanceNew York (5), California (2), Ireland, Washington, Delaware, Louisiana0.751TBD
First Citizens Bank - CRE000TBDTBDTBDTBD0TBDTBD
JP Morgan - Commercial RE44522$7,051,238,096Office (6), Industrial (3), Multifamily (2), Mixed-Use (2)5-year, fixed-rate (3)Refinance (5), CMBS for Refinance (5), Construction (4), Acquisition (4), Bridge for Refinance, Senior Loan + Mezzanine, Revolving Credit FacilityNew York (6), Texas (2), California (2), Florida (2), Pennsylvania (2), Louisiana1.313TBD
Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE1474$1,004,790,000Energy Infrastructure (3: geothermal, HVDC, BESS), Data Centers, Multifamily, Renewable EnergyGreen loan (1), construction-to-term (1), floating-rate (1)Construction (5), RefinanceJapan, Canada, India, Portugal, New York, Utah0.3811
BNP Paribas684$521,481,762Industrial, Agrivoltaic/BESS, Solar PV/BESS, Retail/Mall2-year floating-rate (2)CMBS for Refinance (2), Commercial Real Estate (2)Italy, Chile, Florida, California, Georgia, Texas0.25TBDTBD
Citigroup - Commercial RE20911$2,190,404,762Industrial (3, incl. Data Centers), Office (3), Multifamily (2), Retail (2)5-year (3)CMBS for Refinance (5), Refinance (3), Acquisition (2)Florida (4), New York (3), Georgia (3), Texas (2), Virginia, Arizona0.691TBD
Morgan Stanley - Commercial RE20410$3,832,443,333Retail (3), Office (2), Industrial/Data Center (2)2-year floating-rate with extension options (3)Refinance (5), CMBS for Refinance (2), CMBS for AcquisitionNew York (3), Virginia (2), Texas (2), Multiple States, Ireland0.633TBD
Santander Bank - Commercial RE1466$1,168,871,633Solar/BESS/Energy Storage (7), Multifamily (2)Construction (4)Refi (1), Construction (8)Chile, Portugal, Peru, United Kingdom, California, Texas0.5611
Truist Bank - Commercial RE644$283,000,000Multifamily (4)N/APermanent loan, Construction (2), RefiNew Jersey, New York (2), D.C.0.511
Bank of America - Commercial RE30714$2,971,404,762Office (5), Industrial (3), Energy/Geothermal (3), Retail (2)2-year floating-rate (3)Construction (4), Refinance (3), CMBS for Refinance (3), Acquisition (2)New York (4), Florida (2), Virginia (2), Texas (2), California (2), Utah (2)0.883TBD
Goldman Sachs - Commercial RE34717$3,862,750,000Office (6), Mixed-Use (2), Hotel (2), Industrial (2), Retail (2)5-year, fixed-rate (4)CMBS for Refinance (6), Refinance (5), Construction (2), Revolving Credit FacilityCalifornia (3), New York (3), Virginia (3), Florida (2), Texas, Louisiana1.0621
ING Groep NV - Commercial RE1689$1,597,212,833Energy/Solar (6), Energy Storage (2), Office (1)Non-recourse senior secured credit facilities (2); Construction-to-term (2)Construction (7), Construction and Term (1), Refinance (1)Louisiana (2), Pennsylvania, California, Texas, Italy, Romania0.561TBD
KeyBank795$768,200,000Energy/Solar (3), Energy Storage (1), Senior Living (1)7-year fixed (1 — Brookdale); Construction-to-term (1 — rPlus)Construction (3), Refinance (2)Idaho (2), Colorado0.31TBDTBD
Natixis - Commercial RE1075$1,693,166,667Energy/Solar (2), Energy Storage (2), Energy/LNG, RetailConstruction-to-term / senior secured facilities (2)Construction (4), RefinanceTexas, California, New York, Louisiana, Peru0.31TBDTBD
Barclays - Commercial RE17511$1,919,601,429Industrial/Data Center (2), Office (2), Energy (2), Mixed-Use/Retail (2), Multifamily (2)5-year (3)Refinance (4), Acquisition (3), Construction (2)Virginia (2), Louisiana, Utah, Pennsylvania, Maryland, United Kingdom0.691
ACORE Capital191$160,000,000Industrial2-year floating-rate; 3Ă—1-year extensionsBridgeTexas, Maryland, Georgia, Pennsylvania, Illinois, Arizona0.07TBDTBD
Affinius Capital848$921,628,000Multifamily (6), Office, Student HousingFloating-rateRefinance (5), Acquisition (2), ConstructionNew York (3), Pennsylvania (2), California, Florida, United Kingdom0.531TBD
Barings673$861,400,000Mixed-Use (Hotel to Residential Conversion), Mixed-Use (Retail + Condominium), IndustrialN/AConstruction (2), RefinanceNew York, California, Tennessee0.75TBD1
Brookfield372$739,000,000Multifamily (2)Three-year bridge (only stated term)Refinance, BridgeNew York (2)0.13TBDTBD
S3 Capital242$78,750,000Mixed-Use Residential, MultifamilyTBDConstruction (2)New Jersey, South Carolina0.13TBDTBD
Berkadia272$110,942,000Multifamily (2)Freddie MacAcquisition (2)Virginia, Wisconsin0.5TBDTBD
Dwight Capital/Dwight Mortgage Trust1218$497,500,000Multifamily (6), Mixed-Use, CondoHUD 221(d)(4) (2), HUD 223(f) (2)Refinance (4), Construction (3), BridgeNew York (2), New Jersey (2), Texas, Florida, Utah, California0.532TBD
Greystone926$482,374,222Multifamily (6)24-month bridge with extension options (2)Bridge for Refinance (2), Refinance (2), Acquisition, Construction/RehabilitationIllinois (2), North Carolina (2), New York, Mississippi0.384TBD
Madison Realty Capital496$703,550,000Condominium (3), Hotel/Mixed-Use, Multifamily, Self-StorageConstruction completion 2027-2028 (2)Construction (3), Condominium Inventory Loan, Bridge for Refinance, AcquisitionNew Jersey (2), New York, Florida, Tennessee, Multiple States0.381TBD
Nuveen997$1,144,600,000Multifamily (5), Office/Lab, HotelC-PACE (Full stack capitalization), 5-year floating-rate loanC-PACE for construction (4), C-PACE for refinance, Acquisition (permanent financing)Texas (2), Florida, Arizona, Pennsylvania, Philadelphia, D.C. (2)1.1611
Blackstone - Commercial RE582$10,223,000,000Industrial, Data CenterBridge LoanAcquisition, ConstructionGerogia, Florida, New Jersey, Texas, Pennsylvania, Australia0.33TBDTBD
Corebridge121$46,000,000Multifamily (Mixed-Use)5-year; nonrecourse; interest rate in low 5% rangeRefinanceNew York0.125TBDTBD
MonticelloAM695$312,800,000Healthcare (Skilled Nursing) (5)Bridge loan (3), 36-month (2) + 2x 6-month extRefinance (2), Acquisition (3)Florida, Illinois (2), South Carolina, Pennsylvania0.6253TBD
Peachtree Group544$181,400,000Hotel (2), Multifamily, Film StudioC-PACE, 3-year bridge loan, 3-year floating-rateC-PACE for construction, Construction (2), C-PACE for RefiNorth Carolina (2), Ohio, Georgia0.571TBD
Tyko Capital291$410,000,000CondominiumTBDConstructionFlorida0.25TBDTBD
Apollo Global Management1476$2,476,480,000Industrial, Office, Multifamily (Conversion), logistics, industrial , HotelSenior secured financing across three separate loan facilities, Floating-rate debt, 36-month SOFR floating; Mezzanine fixedBridge for refinance, Construction (3), Refinance, AcquisitionNew York (3), North Carolina, UK, Germany, Netherlands, Spain, Ireland, Poland0.7521
Ares Real Estate Management522$1,550,000,000Casino/Entertainment, MultifamilyTBDConstruction, RefinanceNew York (2), Illinois0.33TBDTBD
New York Life121$35,700,000Retail5-year term with interest-only payments for full termBridge for refinance, Construction (2), RefinanceCalifornia0.25TBDTBD
PGIM Real Estate643$549,435,000Industrial, Mixed-Use, Retail (grocery)Fixed and floating rate componentsAcquisition, Refi (2)Florida, California, Texas, Massachusetts, Germany0.37521
Starwood Property Trust000TBDTBDTBDTBD0TBDTBD
Deutsche Bank - Growth Cap412$3,015,000,000TBDRevolving credit facilityAcquisition, Working CapitalSpain, Switzerland0.5TBD1
HSBC673$2,003,000,000TBDMIGA-guaranteed; Climate-linked conditions, 95% covered buyer credit guarantee, Put option arrangement with exit path in three years with certain returnsGrowth CapitalChile, France, Sweden0.6TBDTBD
JP Morgan - Growth Cap17511$6,068,250,000TBD4-year loan with 2 6-month extension, SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension & SOFR plus 85 bps), 2 years with three 1-year extension options, Revolving facility due February 2030 with two six-month extension options, 7-year Term Loan, 5-year revolving credit facilityRevolving Credit Facility (2), Senior Secured Revolver (3), Acquisition Credit Facility, Unsecured Term Loan (2)New York (2), Texas (2), New Jersey, Illinois (2), California (2), Canada1.37521
Natixis - Growth Cap151$1,500,000,000TBDThree-year construction warehouse revolving credit facility with $500M accordionConstruction Warehouse Revolving Credit FacilityTexas0.2TBDTBD
PNC Bank1027$4,250,000,000TBD4-year loan with 2 6-month extension-SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension-SOFR plus 85 bps), 5 years-matures 1/15/2031-SOFR + 1.15% to 1.65% depending on leverage, Three-year construction warehouse revolving credit facility with $500M accordionRevolving Credit Facility, Five-Year Unsecured Term Loan, Unsecured Term Loan (5), Construction Warehouse Revolving Credit FacilityNew York, Washington, Illinois (2), Texas, Florida, California1.41TBD
Bank of America - Growth Cap493$4,938,250,000TBD4-year loan, 4-year loan with an option for two 6-month extensions or one 12-month extension, SOFR plus 77.5 bps, 15 bps facility fee, Term Loan: Initial maturity January 31, 2029 with two 1-year extensions, SOFR plus 85 bps, Three-year construction warehouse revolving credit facility with $500M accordionRevolving Credit Facility; Unsecured Term Loan, Construction Warehouse Revolving Credit FacilityCanada, New York, Texas0.6TBDTBD
Barclays - Growth Cap573$3,550,000,000TBDN/ASenior Secured Green Revolving Loan and Letter of Credit Facility, Senior Secured Corporate Credit FacilityPennsylvania, Texas, Spain0.75TBDTBD
Goldman Sachs - Growth Cap824$2,950,000,000TBD6% interest rate with AMD guaranteeAcquisition, Senior Secured Credit Facility, Loan with Equipment GuaranteeSpain, Nebraska, Connecticut, California0.5TBDTBD
Santander Bank - Growth Cap794$5,150,000,000TBDMIGA-guaranteed; Climate-linked conditions, Long-term optimisation agreement with guaranteed minimum income level providing downside protection, Three-year construction warehouse revolving credit facility with $500M accordionSenior Secured Corporate Credit Facility, Acquisition, Construction Warehouse Revolving Credit FacilityPennsylvania, Chile, Spain, Texas0.81TBD
Sumitomo Mitsui Banking Corporation (SMBC) - GC794$1,712,400,000TBDSenior Secured Green Revolving Loan and Letter of Credit Facility, 3-year availability period; 5-year tenor; partial guarantee from EIFO, Put option arrangement with exit path in three years with certain returns, 5-year Revolving Credit FacilitySenior Secured Green Revolving Loan (2) and Letter of Credit Facility, Senior Secured Corporate Credit FacilityTexas, Denmark, Sweden, Louisiana0.511
Citigroup - Growth Cap955$7,191,250,000TBD5-year loan, 4-year loan (secured to unsecured), 95% covered buyer credit guarantee, 5-year Interest at base rate, Term SOFR, EURIBORAcquisition (2), Growth Capital (2), Senior Secured Revolving Credit FacilityCanada, Spain, Florida, France, Texas0.711TBD
Huntington Bank - Growth Cap695$1,220,000,000TBD5 years, matures 1/15/2031; SOFR + 1.15% to 1.65% depending on leverage, Revolving facility with two six-month extension options (2)Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition Facility, Unsecured Credit Facility (Revolver + Term Loans) (2), Revolving Credit Facility (2)Washington, Illinois, California, Florida, Colorado0.8331TBD
Morgan Stanley - Growth Cap000TBDTBDTBDTBD0TBDTBD
Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap121$150,000,000TBD5-year loanDebt FinancingFlorida0.2TBDTBD
Truist Bank - Growth Cap342$1,050,000,000TBD2 years with three 1-year extension options, 4 years revolving credit facility with two six-month extension options (Pricing grid based on leverage ratio plus SOFR, 10-15 bps lower than prior debt)Acquisition Credit Facility, Unsecured Credit Facility (Revolver + Term Loans)New Jersey, Florida0.4TBDTBD
Bank of Montreal (BMO) - Growth Cap312$2,618,250,000TBDTerm loan under Softwood Lumber ProgramGrowth Capital (2)Canada (2)0.4TBDTBD
Canadian Imperial Bank of Commerce (CIBC)493$4,165,425,000TBD4-year loan (secured to unsecured), Three-year construction warehouse revolving credit facility with $500M accordion, Initial 3-year term with consecutive 1-year extension (prime rate + .75%)Acquisition, Construction Warehouse Revolving Credit Facility, Growth CapitalCanada (2), Texas0.4211
ING Groep NV - Growth Cap684$3,403,000,000TBDThree-year construction warehouse revolving credit facility with $500M accordion, 95% covered buyer credit guaranteeSenior Secured Corporate Credit Facility, Senior Secured Green Revolving Loan and Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Growth CapitalPennsylvania, Texas (2), France0.81TBD
Royal Bank of Canada805$5,093,250,000TBD4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, 2-year loan with potential 90-month extensionAcquisition, Refinance & Growth Capital, Construction Warehouse Revolving Credit Facility, Senior Secured Credit FacilitiesIllinois, Canada (2), Texas, New York, Louisiana0.6252TBD
Wells Fargo - Growth Cap1137$6,313,250,000TBD4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, with one-year extension option; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, Revolving facility with two six-month extension optionsAcquisition, Refinance (2), Growth Capital (2), Construction Warehouse Revolving Credit Facility, Unsecured Credit Facility (Revolver + Term Loans)Illinois (2), Canada, New York, Texas, California1.41TBD
Blue Owl Capital241$1,400,000,000TBDTBDDelayed-Draw Term LoanGermany0.16TBDTBD
Comvest Partners191$130,000,000TBDTBDSenior Secured Credit FacilityCalifornia0.125TBDTBD
MidCap Financial1620TBDRevolver with accordion feature; term loan; delayed draw term loanSenior Secured Credit Facility (Revolver), Senior Secured Credit Facility (Revolver + Term Loan + DDTL)Colorado, California0.41TBD
Mountain Ridge Capital81$15,000,000TBDRevolving facility maximizing availability against working capital assetsSenior Secured Credit FacilityMidwest0.25TBDTBD
SLR Credit Solutions000TBDTBDTBDTBD0TBDTBD
Blackstone - Growth Cap291$600,000,000TBDTBDGrowth CapitalIndia0.14TBDTBD
Hercules Capital121$25,000,000TBD4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretionGrowth CapitalCalifornia0.25TBDTBD
Monroe Capital747$100,000,000TBDPrime plus 3.75% (currently 10.50%); 60-month term with amortization at month 36 (or month 48 if milestones met)Senior Secured Term Loan (6), Debt Financing + Equity Co-InvestmentDelaware, New York, Michigan, Illinois, Florida (2), Iowa0.8754TBD
SG Credit Partners000TBDTBDTBDTBD0TBDTBD
Stellus Capital Management162UndisclosedTBDTBDSenior Debt Financing and Equity Co-Investment (2)Viriginia, Tennessee0.41TBD
HPS Investment Partners291$500,000,000TBDFour-year secured term loan, SOFR + 675 basis pointsSecured Term LoanNew York0.21TBD
NXT Capital242UndisclosedTBDTBDSenior Credit FacilityPennsylvania (2)0.25TBDTBD
Siena Lending Group - GC000TBDTBDTBDTBD0TBDTBD
Trinity Capital272$83,915,000TBDCommitment structureTBDUnited Kingdom0.25TBDTBD
Wingspire Capital363$120,000,000TBDN/ASenior Secured Revolving Credit FacilityFlorida0.6611
Ares Management - Growth Cap672$4,000,000,000TBDTBDM&A, Debt FacilityNew Jersey, Colorado0.331TBD
Encina Private Credit151$75,000,000Consumer lease-to-own contractsSenior credit facility secured by diversified pool of small balance lease-to-own contractsSenior Credit FacilityTBD0.25TBDTBD
Great Rock Capital - GC000TBDTBDTBDTBD0TBDTBD
KKR000TBDTBDTBDTBD0TBDTBD
Whitehawk Capital Partners000TBDTBDTBDTBD0TBDTBD
Advantage Business Capital81$1,000,000InvoicesTBDInvoice Factoring FacilityTBD0.16TBDTBD
First Citizens Bank - ABL000TBDTBDTBDTBD0TBDTBD
Gibraltar Business Capital810TBDTBDSenior Secured FacilityTBD0.25TBDTBD
nFusion Capital243$13,000,000Accounts receivable and inventory, InventoryTBDAsset-Based Lending Facility (2), Factoring LineColorado, California, Arizona0.423TBD
Culain Capital000TBDTBDTBDTBD0TBDTBD
First Business Bank324$12,200,000Vehicle inventory, Accounts ReceivableFactoring facilityCredit Facility, Inventory Floorplan, Factoring Facility (2)Hawaii, Pennsylvania, Virginia0.571TBD
Great Rock Capital - ABL493$340,000,000Accounts receivable and best-in-class machinery and equipment (2)TBDSenior Secured Revolver (3)Pennsylvania0.5TBDTBD
Rosenthal Capital Group162$4,000,000Accounts receivable (2)TBDRecourse Factoring Facility (2)California, Michigan0.25TBDTBD
Ares Commercial Finance121$175,000,000Accounts receivable; Machinery & equipmentTBDSenior Secured Revolving Credit FacilityTBD0.16TBDTBD
Sallyport Commercial Finance81$2,000,000Accounts receivableTBDAccounts Receivable FacilityCanada0.5TBDTBD
SLR Healthcare ABL81$7,000,000TBDTBDAsset-Based Revolving Line of CreditNortheast0TBDTBD
Utica Equipment Finance81$11,000,000Heavy equipment (trucks, trailers, dozers, excavators, graders, loaders, turf-farm machinery)TBDCapital LeaseMid-Atlantic0.25TBDTBD
Amerisource Business Capital162$9,000,000Accounts receivable (2), commercial real estateA/R Only Facility, Asset-Based Lending FacilityAsset-Based Lending Facility, A/R Only FacilityMidwest US, Texas0.5TBDTBD
King Trade Capital000TBDTBDTBDTBD0TBDTBD
MidCap Business Credit243$31,000,000Accounts receivable (2), inventory (2), machinery and equipment, Distributor of specialty chemicals and materialsWorking capital revolver and machinery/equipment term loanWorking Capital Revolver (2), Machinery and Equipment Term Loan, Asset-Based Credit FacilityTBD0.75TBDTBD
White Oak Commercial Finance151$35,000,000Various assets across UK and U.S. platforms (multi-currency facility)$20M uncommitted accordion feature; structured in USD, GBP, EURABL Revolver FacilityTexas0.125TBDTBD
Loeb Equipment000TBDTBDTBDTBD0TBDTBD
Prestige Capital000TBDTBDTBDTBD0TBDTBD
JPalmer Collective324$15,000,000Inventory (2)Line of credit with flexible structureLine of Credit (2), Debt Facility, Working Capital Facility (Asset-Based)California, Oregon, New York, Georgia0.81TBD
Austin Financial Services81$10,000,000TBDTBDTBDTBD0.201
eCapital405$31,500,000Accounts receivable (2), Freight receivables (2)ABL facility with advances against accounts receivable and inventoryA/R Financing Facility (3), Freight Factoring Facility (2)Canada, Massachusetts11TBD
Porter Capital000TBDTBDTBDTBD0TBDTBD
Siena Lending Group - ABL000TBDTBDTBDTBD0TBDTBD
Gateway Trade Funding152$500,000Purchase orders (letter of credit-backed), InventoryLetter of credit-backedPurchase Order Facility (2)TBD0.33TBDTBD
Republic Business Credit476$23,000,000Accounts receivable (3)Ledgered line of credit, Includes $10 million accordion feature, Accordion up to $6M with $2M inventory lending option after 6 months upon meeting performance thresholdsLedgered Line of Credit, Factoring Facility (3), Asset-Based Loan (2)Northeast US, Southwest US, Midwest US, California, West Coast0.752TBD
SLR Business Credit000TBDTBDTBDTBD0TBDTBD
TAB Bank000TBDTBDTBDTBD0TBDTBD
Alpine Ridge Funding000TBDTBDTBDTBD0TBDTBD
Celtic Capital233$4,320,700Accounts receivable (3)AR Line (2), Equipment Loan (2)Accounts Receivable Line of Credit (2), Equipment LoanPacific, South-Central US, California0.375TBDTBD
Clarus Capital81$10,000,000Essential use assets (medical transportation vehicles)Loan facility for sponsor-backed companyLoan FacilityTBD0.25TBDTBD
Gordon Brothers000TBDTBDTBDTBD0TBDTBD
Assembled Brands000TBDTBDTBDTBD0TBDTBD
MidCap Financial - ABL000TBDTBDTBDTBD0TBDTBD
Southstar Capital7510$14,500,000Invoices (4), Accounts receivable (5)Accounts receivable (3), Flexible structure; potential payment assurance arrangementsAccounts Receivable Facility (7), Invoice Factoring Facility (3)SouthEast US (2), Midwest, Indiana1.253TBD
Wintrust Equipment Finance000TBDTBDTBDTBD0TBDTBD
The Hedaya Capital Group243$11,000,000Accounts receivable (2)Factoring facilityFactoring Facility (3)Texas, New Jersey, New York0.421TBD
Sigma Funding152$2,600,000Accounts receivable (2)TBDAccounts Receivable Funding Facility (2)California, Florida0.28TBDTBD
Capteris121$25,000,000New and existing assets acquired over past yearTBDLease FacilityTBD0.5TBDTBD
Baker Garrington385$5,750,000Accounts receivable (4)Factoring facilityFactoring Facility (5)Colorado, Oklahoma, Indiana, Louisiana, Texas0.625TBDTBD

Tale of the Tape (YTD 2025)

  • Total Points: 76
  • Deals Logged: 6
  • Volume Drafted: $1.88 Billion*
  • Primary Asset Focus: Industrial (2) | Multifamily (1) | Mixed-Use (1)
  • Most Common Loan Term: Specific Term Details (Construction financing (1), Floating-rate (1))
  • Primary Loan Type: Refinance (3) | Construction (1)
  • Top States: Florida (4), New Jersey, Illinois, North Carolina
  • Win-Loss-Draw: 1-2-9
WeekOpponentResultScore & Top DealTop Deal Source
12BrookfieldDraw0-0 (No Decisive Deal)
11GreystoneDraw0-0 (No Decisive Deal)
10MonticelloAMDraw0-0 (No Decisive Deal)
9Starwood Property TrustLoss0-14 ($161M Refi Loan Manhattan, NY)
8PGIM Real Estate: Commercial Real EstateDraw0-0 (No Decisive Deal)
7Corebridge: Commercial Real EstateDraw0-0 (No Decisive Deal)
6BrookfieldDraw0-0 (No Decisive Deal)
5GreystoneDraw0-0 (No Decisive Deal)
4MonticelloAMDraw0-0 (No Decisive Deal)
3Starwood Property Trust: Commercial Real EstateDraw0-0 (No Decisive Deal)
2PGIM Real Estate: Commercial Real EstateLoss0-3 ($19.2M Patchogue, NY)
1Corebridge: Commercial Real EstateWin14-0 ($250M West Palm Beach, FL)Link to Deal

*Indicates a syndicated loan. Per “The Lead Arranger & The Syndicate Rule”, scoring is based on the lender’s specific allocation or lead arranger status. See The Rulebook for details.

Lender Overview

  • Headquarters: Los Angeles, CA
  • Founded: 1997
  • Ownership: Public Company (NYSE: ARES)
  • Primary Focus: Real Estate Debt & Alternative Credit
  • Typical Deal Size: ~$313 Million (Range: $98M – $772M)

2025 Performance Summary

The discrepancy between their massive capital deployment ($1.88B) and minimal win rate reveals a highly targeted strategy. Ares Management does not compete for “flow” business; they activate only for substantial, often complex transactions where their ability to write $200M+ checks creates a natural moat against smaller competitors.

Deal Flow Analysis

Analysis of Ares Management’s verified deal history reveals a lender focused exclusively on the top 1% of the market.

  1. Deal Size Range: $98,000,000 to $772,000,000. Typical check size exceeds $250M.
  2. Geographic Focus: Overwhelming concentration in Florida (West Palm Beach, Miami), with selective exposure in New Jersey and national industrial portfolios.
  3. Industry Patterns: Heavy skew toward Well-Heeled Real Estate Developers and Investment Management firms.
  4. Loan Structures: Mixed profile including Construction (massive scale), Refinance, and Acquisition financing.
  5. Deal Purposes: Funding ambitious vertical construction (office towers, mixed-use) and refinancing large-scale portfolios.
  6. Asset Types: Office Towers, Class A Multifamily, Industrial/Warehouse Portfolios, Mixed-Use High-Rises
  7. Transaction Velocity: Activity is clustered in Q2 (April) and Q4 (December), with a noticeable summer lull (August only). This suggests a quarterly capital deployment rhythm rather than a continuous monthly flow.

Purpose Pattern Analysis (Internal Ecosystem Financing): A review of the data reveals that 50% of their recorded deals list “Ares Management” or an affiliate (Arden Logistics Parks) as the borrower. This signals that their “lending” arm is heavily used to finance their own equity positions and portfolio companies, acting more as a balance-sheet management tool than a third-party originator.

Risk Appetite Signaling (Construction Conviction): While most lenders retreated from construction in 2025, Ares Management deployed $1.18 Billion (63% of total volume) into construction loans for Office and Mixed-Use projects. This contrarian aggression signals a belief that the supply gap in 2028-2030 will reward those willing to build through the current volatility.

White Space Identification (The “Super-Senior” Niche): Ares Management occupies the rarefied air above the $200M single-check threshold. By routinely deploying $250M-$770M per deal, they avoid competition from regional banks (capped out) and debt funds (diversification limits), effectively creating a monopoly on “mega-projects” where syndication risk scares off rivals.

Ideal Borrower Profile

The ideal borrower for Ares Management, based on verified 2025 activity, is a top-tier institutional sponsor or mega-developer operating in South Florida.

STRATEGIC INTELLIGENCE

FOR BORROWERS

  • If you are not Related Ross or an internal Ares Management portfolio company, your path to capital is narrow. They favor deep, repeated relationships with a tiny handful of elite sponsors over transactional variety.
  • Deals closed in April and December accounted for 83% of their deal count (excluding internal transfers). Ares Management operate on a fiscal-quarter sprint cadence; submitting in Jan/Feb or July/Aug likely leads to stalls.
  • Don’t just pitch the asset; pitch how the deal integrates with their existing exposures (e.g., “Adjacent to your Arden Logistics portfolio”). Show how your project enhances their local “cluster” value.

FOR BROKERS

  • The data lists Eastdil Secured, Newmark, CBRE, and JLL exclusively. If you are a boutique broker, you are likely locked out unless you co-broker with a major house.
  • Be careful soliciting Ares for “off-market” deals—their data suggests they often self-finance their own acquisitions ($348M of logged deals were Ares-to-Ares). They may use your deal as market intel to buy the asset themselves.
  • Bring them the $400M+ construction loan that 15 banks rejected. Their win on the $413M Miami Mixed-Use project proves they solve problems (scale + construction risk) that no one else can.

FOR COMPETITORS

  • Ares Management massive $1B+ exposure to West Palm Beach/Miami makes them highly sensitive to South Florida insurance/climate shocks.
  • Ares Management deals are heavy, complex, and slow (Construction, massive Refis). Win against them by offering a streamlined 45-day close on $50M-$150M deals—a size where they are clearly clumsy/uninterested.
  • When pitching against them, gently remind borrowers that Ares is also an equity owner (borrower) in similar assets. “Do you want your lender to see your tenant data when they own the building next door?”

FOR ANALYSTS & FUNDS

  • Ares Management’s $772M allocation to Office construction challenges the “uninvestable office” narrative. They are betting heavily that Class A+ in tax-haven states has decoupled from the national office crisis.
  • Their 2:1 ratio of Construction vs. Acquisition volume (excluding internal deals) suggests they see better risk-adjusted returns in building to a 2028 yield on cost than buying at 2025 cap rates.
  • The $99M refinance of the Arden Logistics portfolio (their own sub-brand) suggests they are extending runway rather than exiting. Watch for a potential IPO or recapitalization of Arden in 2026/27 as a liquidity event.

STOP PITCHING BLIND. START WINNING WITH CUSTOMIZED MARKET INTELLIGENCE.

SEND INQUIRY TO INFO@THELENDERDRAFT.COM FOR YOUR COMPLIMENTARY REPORT.

Scroll to Top