Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 167

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 167
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accrual the interest rate noted above is 0%.3.Assumes all extension options are exercised. 4.Payment terms: P&I = Periodic payment of principal and interest; I/O = Periodic payment of interest only with principal at maturity.5.Includes loans collateralized by caravan parks, pubs, urban predevelopment, and a portfolio of office, industrial, and retail property types. 6.Loan matured in September 2024. Negotiations with sponsor currently in process.7.Subject to prior liens of approximately $115.5 million. Represents only third-party liens.8.The aggregate cost for U.S. federal income tax purposes is $7.4 billion.9.Excludes $5.9 million of General CECL Allowance related to unfunded commitments on commercial mortgage loans, subordinate loans and other lending assets, net in 2024. The following table summarizes the changes in the carrying amounts of our loan portfolio during 2024 , 2023 and 2022, respectively ($ in thousands): 

      Reconciliation of Carrying Amount of Loans
       
      December 31, 2024

      December 31, 2023

      December 31, 2022

      Balance at beginning of year
       
      $
      8,358,093

      $
      8,681,990

      $
      7,857,260

      Loan fundings

      1,871,792

      929,106

      3,624,661

      Loan repayments and sales

      (2,541,740
      )

      (1,225,930
      )

      (2,214,621
      )

      Gain (loss) on foreign currency translation

      (133,477
      )

      175,707

      (356,436
      )

      Realized loss on investments(1)

      (128,191
      )

      (86,604
      )

      (24,894
      )

      Transfer to Other Assets

      (159,667
      )

      (75,000
      )

      (226,459
      )

      Decrease (increase) in Specific CECL Allowance(2)

      (149,500
      )

      (59,500
      )

      11,500

      Decrease (increase) in General CECL Allowance(3)

      (4,354
      )

      (