Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 125

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 125
---
 Allowance, net

        —

        —

        (149,500
        )

        (149,500
        )

        Transfer to Other Assets(3)

        (159,667
        )

        —

        —

        (159,667
        )

        Realized loss on investment(4)

        (137,312
        )

        9,121

        —

        (128,191
        )

        Deferred fees and other items(5)

        —

        (39,554
        )

        —

        (39,554
        )

        Amortization of fees

        —

        30,754

        —

        30,754

        December 31, 2024
         
        $
        7,550,410

        $
        (31,718
        )
         
        $
        (342,500
        )
         
        $
        7,176,192

        General CECL Allowance(6)

        (30,836
        )

        Carrying value, net

        $
        7,145,356

       (1)Includes Note receivable, held for sale.(2)Represents fundings subsequent to loan closing.(3)Refer to "Massachusetts Healthcare" below for full discussion.(4)Realized loss on investment includes a realized loss of $127.5 million during the third quarter of 2024 related to the Massachusetts Healthcare Loan, discussed below, consisting of a $136.6 million write-off of principal, partially offset by $9.1 million, reflecting the cost recovery interest received and unamortized origination fees, and $0.7 million loss on the sale of a commercial mortgage loan collateralized by a hotel property located in Honolulu, HI in April 2024.(5)Other items primarily consist of purchase discounts or premiums, cost recovery interest, exit fees, and deferred origination expenses.(6)$5.9 million of the General CECL Allowance is excluded from this table because it relates to unfunded commitments and has been recorded as a liability under accounts payable, accrued expenses and other liabilities in our consolidated balance sheet.The following table details overall statistics for our loan portfolio at the dates indicated ($ in thousands): 

77

        December 31, 2024(1)

        December 31, 2023

        Number of loans

        46

        50

        Principal balance
         
        $
        7,550,410