Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 128

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 128
---
771

        3.2
        %

        —

        —

        —

        169,881

        —

        99,890

        Total

        50

        $
        8,384,575

        100.0
        %

        $
        440,720

        $
        2,707,083

        $
        2,285,902

        $
        557,204

        $
        1,597,927

        $
        795,739

        General CECL Allowance(2)

        (26,482
        )

        Total carrying value, net

        $
        8,358,093

        Weighted-Average Risk Rating

        3.0

        Gross write-offs

        $
        81,890

        $
        —

        $
        —

        $
        —

        $
        —

        $
        —

        $
        81,890

       (1)Net of Specific CECL Allowance.(2)$5.9 million and $4.0 million of the General CECL Allowance for 2024 and 2023, respectively, is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable, accrued expenses and other liabilities in our consolidated balance sheets.CECLIn accordance with ASC Topic 326 "Financial Instruments – Credit Losses" ("ASC 326"), which we refer to as the "CECL Standard," we record allowances for loans and held-to-maturity debt securities that are deducted from the carrying amount of the assets to present the net carrying value of the amounts expected to be collected on the assets. We record loan specific allowances as a practical expedient under the CECL Standard ("Specific CECL Allowance"), which we apply to assets that are collateral dependent and where the borrower or sponsor is experiencing financial difficulty. For the remainder of the portfolio, we record a general allowance ("General CECL Allowance," and together with the Specific CECL Allowance, "CECL Allowances") on a collective basis by assets with similar risk characteristics. We have elected to use the weighted-average remaining maturity ("WARM") method in determining a General CECL Allowance for a majority of our portfolio. In the future, we may use other acceptable methods, such as a probability-of-default/loss-given-default method. The following schedule illustrates changes in CECL Allowances for the year ended December 31, 2024 ($ in