Item 1.01 Entry into a Material Definitive Agreement.



On April 13, 2021, ACRE Commercial Mortgage 2017-FL3 Ltd. (the "Issuer") and
ACRE Commercial Mortgage 2017-FL3 LLC (the "Co-Issuer"), both wholly owned
indirect subsidiaries of Ares Commercial Real Estate Corporation (the
"Company"), entered into a First Supplement to Amended and Restated Indenture
(the "Amended Indenture") with Wells Fargo Bank, National Association, as
advancing agent and note administrator, and Wilmington Trust, National
Association, as trustee, which governs the approximately $504.1 million
principal balance of secured floating rate notes issued by the Issuer (the
"Notes") and $52.9 million of preferred equity in the Issuer (the "FL3 CLO
Securitization"). The purpose of the Amended Indenture was to, among other
things, extend the reinvestment period to March 31, 2024, extend the date on and
after which the Issuer may redeem the Notes held by third parties to March 17,
2025 (the "Redemption Date"), and eliminate the prepayment fee due on the
Redemption Date.

The foregoing description is only a summary of certain material provisions of
the amendment to the FL3 CLO Securitization and is qualified in its entirety by
reference to a copy of such agreement, which is filed herewith as Exhibit 10.1.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information required by Item 2.03 contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:



   Exhibit Number                                           Description
               10.1         First Supplement to Amended and Restated

Indenture dated as of April 13,


                            2021, by and among ACRE Commercial Mortgage

2017-FL3 Ltd., as issuer, ACRE


                            Commercial Mortgage 2017-FL3 LLC, as co-issuer,

Wells Fargo Bank, National


                            Association, as advancing agent and note

administrator, and Wilmington


                            Trust, National Association, as trustee.
                  104       Cover Page Interactive Data File - the cover

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                            within the Inline XBRL document

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