Market Overview

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

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!