Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 144

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 144
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 ($0.8) million (inclusive of depreciation recorded upon reclassification as discussed above) and $3.5 million, respectively.As of December 31, 2023, the hotel's assets and liabilities were classified as held for sale, and the value of net real estate assets related to the Atlanta Hotel was $75.4 million. As of December 31, 2023, our net real estate assets included depreciable assets of $49.4 million, net of $0.8 million in accumulated depreciation, attributable to the building, and $8.0 million, net of $0.4 million in accumulated depreciation, attributable to FF&E.

Note 6 – Other AssetsThe following table details the components of our other assets at the dates indicated ($ in thousands): 

        December 31, 2024

        December 31, 2023

        Interest receivable
         
        $
        58,470

        $
        72,354

        Loan proceeds held by servicer(1)

        50,843

        6,271

        Other(2)(3)

        28,714

        6,998

        Total
         
        $
        138,027

        $
        85,623

       (1)Includes loan principal, interest, and other fees held by our third-party servicers as of the balance sheet date and remitted during subsequent remittance cycle.(2)Includes $7.7 million and $4.6 million of other assets from Real Estate Owned, Held for Investment as of December 31, 2024 and December 31, 2023, respectively. Refer to "Note 5 – Real Estate Owned" for additional information.(3)Includes $20.1 million of other assets related to our former Massachusetts Healthcare Loan as discussed in "Note 4 – Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net."

Note 7 – Secured Debt Arrangements, NetWe utilize secured debt arrangements to finance the origination activity in our loan portfolio. Our secured debt arrangements are comprised of secured credit facilities, a private securitization, and a revolving credit facility. During the year ended December 31, 2024, we entered into one new credit facility, which provided £366.6 million ($458.8 million converted into USD) of additional capacity.

88

Additionally, during the year ended December 31, 2024, we upsized