Apollo splashes USD346.3m on loan transactions

Apollo Commercial Real Estate Finance has deployed over USD346.3 million of capital into four new commercial real estate loan transactions and for the funding of previously closed loans.

In addition, the Company announced ARI received approximately USD225 million from loan repayments and sales, including the repayment of USD112 million of loans securing New York City residential properties, resulting in a net capital deployment of approximately USD121.3 million. With the closing of these transactions, ARI has committed to over USD1.0 billion of investments year-to-date.
“ARI continues to identify and originate well-structured commercial real estate first mortgage and mezzanine loan investments, across a broad spectrum of property types,” says Scott Weiner (pictured), Chief Investment Officer of the Company’s manager. “As demonstrated by three of the transactions completed, the Company is committed to working with our repeat borrowers to develop creative capital solutions, which offer them flexibility while seeking to provide ARI with attractive, risk-adjusted returns. With the completion of the capital raise last week, ARI has ample dry powder to fund the Company’s robust investment pipeline.”