Market Overview

Apollo Commercial Real Estate Finance Announces $140M in Financing for Two Manhattan Residential Properties

Share:
Related ARI
Barclays' Views Recent Apollo Commercial REIT Deal Favorably, Increases Earnings Estimates
More Mortgage REIT Consolidation Is On The Table
That's Right, I'm Recommending A REIT Yielding 10.8% (Seeking Alpha)

Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the closing of two financing transactions totaling $140 million in committed capital for two separate New York City residential properties. With these closings, ARI's investment activity over the past twelve months totaled $274 million of committed equity for $324 million of commercial real estate debt investments with a weighted average underwritten internal rate of return ("IRR") of approximately 13%(1).

Posted-In: News Financing

 

Related Articles (ARI)

View Comments and Join the Discussion!