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  <xs:element id="acre_DebtInstrumentVariableRateBaseSOFR30DayMember" abstract="true" name="DebtInstrumentVariableRateBaseSOFR30DayMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="acre_RestrictedStockAndRestrictedStockUnitsMember" abstract="true" name="RestrictedStockAndRestrictedStockUnitsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="acre_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
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  <xs:element id="acre_ExciseAndSalesTaxExpenseBenefit" abstract="false" name="ExciseAndSalesTaxExpenseBenefit" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="acre_OfficePropertyMember" abstract="true" name="OfficePropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_MixedUseMember" abstract="true" name="MixedUseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_IncentiveFeesMember" abstract="true" name="IncentiveFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_RelatedPartyTransactionBaseManagementFeesAsPercentageOfStockholdersEquityPerAnnum" abstract="false" name="RelatedPartyTransactionBaseManagementFeesAsPercentageOfStockholdersEquityPerAnnum" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="acre_RelatedPartyTransactionIncentiveFeePayableOnCumulativeCoreEarningsLessThanZero" abstract="false" name="RelatedPartyTransactionIncentiveFeePayableOnCumulativeCoreEarningsLessThanZero" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="acre_RelatedPartyTransactionPercentageMultipliedToArriveAtFirstValueAffectingCalculationOfIncentiveFees" abstract="false" name="RelatedPartyTransactionPercentageMultipliedToArriveAtFirstValueAffectingCalculationOfIncentiveFees" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="acre_RelatedPartyTransactionPreviousPeriodForWhichCoreEarningsIsConsideredToArriveAtFirstValueAffectingCalculationOfIncentiveFees" abstract="false" name="RelatedPartyTransactionPreviousPeriodForWhichCoreEarningsIsConsideredToArriveAtFirstValueAffectingCalculationOfIncentiveFees" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="acre_RelatedPartyTransactionPreviousPeriodForProductWeightedAveragePricePerShareAndWeightedAverageNumberOfSharesOfCommonStockAndOtherShares" abstract="false" name="RelatedPartyTransactionPreviousPeriodForProductWeightedAveragePricePerShareAndWeightedAverageNumberOfSharesOfCommonStockAndOtherShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="acre_RelatedPartyTransactionPercentageMultipliedToArriveAtDifferenceOfFirstValueAffectingCalculationOfIncentiveFees" abstract="false" name="RelatedPartyTransactionPercentageMultipliedToArriveAtDifferenceOfFirstValueAffectingCalculationOfIncentiveFees" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="acre_RelatedPartyTransactionNumberOfFiscalQuarter" abstract="false" name="RelatedPartyTransactionNumberOfFiscalQuarter" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="acre_RelatedPartyTransactionPeriodWhoseFiscalQuartersIsConsideredToArriveAtSecondValueAffectingCalculationOfIncentiveFees" abstract="false" name="RelatedPartyTransactionPeriodWhoseFiscalQuartersIsConsideredToArriveAtSecondValueAffectingCalculationOfIncentiveFees" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="acre_RelatedPartyTransactionMinimumCumulativeCoreEarningsForCalculationOfIncentiveFeeNumberOfQuarters" abstract="false" name="RelatedPartyTransactionMinimumCumulativeCoreEarningsForCalculationOfIncentiveFeeNumberOfQuarters" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="acre_RelatedPartyTransactionMinimumCumulativeCoreEarningsForCalculationOfIncentiveFee" abstract="false" name="RelatedPartyTransactionMinimumCumulativeCoreEarningsForCalculationOfIncentiveFee" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="acre_RelatedPartyTransactionIncomeExpensesFromTransactionsWithRelatedParty" abstract="false" name="RelatedPartyTransactionIncomeExpensesFromTransactionsWithRelatedParty" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="acre_RelatedPartyTransactionsManagementFeeRenewalTerm" abstract="false" name="RelatedPartyTransactionsManagementFeeRenewalTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="acre_RelatedPartyTransactionsTerminationFeeBasedOnAverageAnnualManagementAndIncentiveFeesRatio" abstract="false" name="RelatedPartyTransactionsTerminationFeeBasedOnAverageAnnualManagementAndIncentiveFeesRatio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="acre_RelatedPartyTransactionsManagementFeeLookBackPeriod" abstract="false" name="RelatedPartyTransactionsManagementFeeLookBackPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="acre_NumberOfAffiliatesOfCompanyManagerWhomMayOriginateCommercialRealEstateLoans" abstract="false" name="NumberOfAffiliatesOfCompanyManagerWhomMayOriginateCommercialRealEstateLoans" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="acre_ManagementFeesMember" abstract="true" name="ManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_RelatedPartyAdministrativeExpensesMember" abstract="true" name="RelatedPartyAdministrativeExpensesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_DirectThirdPartyCostsMember" abstract="true" name="DirectThirdPartyCostsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_SecuredFloatingRateNotesMember" abstract="true" name="SecuredFloatingRateNotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_FL4MortgageAssetsMember" abstract="true" name="FL4MortgageAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_ACRECommercialMortgage2021FL4LtdAndACRECommercialMortgage2021FL4LLCMember" abstract="true" name="ACRECommercialMortgage2021FL4LtdAndACRECommercialMortgage2021FL4LLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_WhollyOwnedSubsidiaryToParentCompanyMember" abstract="true" name="WhollyOwnedSubsidiaryToParentCompanyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="acre_NumberOfPropertiesCollateralizedForMortgageLoans" abstract="false" name="NumberOfPropertiesCollateralizedForMortgageLoans" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="acre_ReportableSegmentMember" abstract="true" name="ReportableSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
</xs:schema>
