Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 81

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 7
Chunk 81
---
4)

    Equity at cost(5)

    Commercial mortgage loans, net
     
    $
    6,715,347

    8.0
    %

    8.5
    %
     
    $
    4,823,762

    6.6
    %
     
    $
    1,891,585

    Subordinate loans, net

    388,809

    0.0
    %

    0.0
    %

    —

    —

    388,809

    Total Loans/Weighted-Average
     
    $
    7,104,156

    7.5
    %

    8.1
    %
     
    $
    4,823,762

    6.6
    %
     
    $
    2,280,394

    Note receivable, held for sale

    41,200

    5.4
    %

    5.6
    %

    —

    —

    41,200

    Total/Weighted-Average
     
    $
    7,145,356

    7.5
    %

    8.0
    %
     
    $
    4,823,762

    6.6
    %
     
    $
    2,321,594

(1)Weighted-Average Coupon and Weighted-Average All-in Yield are based on the applicable benchmark rates as of December 31, 2024 on the floating rate loans. 

(2)Weighted-Average All-in Yield includes the amortization of deferred origination fees, loan origination costs and accrual of both extension and exit fees. Weighted-Average All-in Yield excludes the benefit of forward points on currency hedges relating to loans denominated in currencies other than USD.

(3)Gross of deferred financing costs of $8.8 million.

(4)Cost of funds includes weighted-average spread and applicable benchmark rates as of December 31, 2024 on secured debt arrangements.

(5)Represents loan portfolio at carrying value less secured debt outstanding.

 48

The following table provides additional details of our commercial mortgage loans, subordinate loans, and other lending assets portfolio as of December 31, 2024 ($ in millions): 

    Commercial Mortgage Loan Portfolio

    #
     
    Property Type
     
    Risk Rating

    Orig