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Apollo Commercial Real Estate Finance completes $3B of transactions in 2018

Published 01/08/2019, 08:41 AM
© Reuters.  Apollo Commercial Real Estate Finance completes $3B of transactions in 2018
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  • Apollo Commercial Real Estate Finance (NYSE:ARI) announced $3B commitments of new investments in 2018, nearly a 50% increase over 2017 loan commitments.
  • The company had a predominately floating-rate loan portfolio, totaling approximately $4.9B at the year-end.
  • During 4Q18, the company committed capital to the following commercial real estate debt investments:
    • of $744M of first mortgage loans ($440.3M (NYSE:MMM) funded during the quarter); and
    • $52.8 million subordinate loan ($11.7M funded during the quarter).
  • During 4Q18, the company received $464.8M from loan repayments, including $318.3M from first mortgage loans and $146.5M from subordinate loans.
  • Source: Press Release
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