Apollo Commercial Real Estate Finance announced the company originated $782 million of loans in the fourth quarter of 2024, bringing annual loan originations to $1.9 billion.
During the fourth quarter of 2024, ARI originated $782 million of loans ($330 million of which was funded at close). And during the fourth quarter of 2024, ARI funded $97 million for loans previously closed. For the fourth quarter of 2024, ARI received $0.8 billion from loan repayments, bringing total repayments for the year to $2.5 billion. And of the loan repayments, approximately 41% came from loans secured by properties in the United States and 59% came from loans secured by properties in the United Kingdom and Europe and included loans secured by retail, hotel, residential, mixed-use and industrial properties.
Apollo Commercial Real Estate Finance is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. And the company is externally managed and advised by ACREFI Management, an indirect subsidiary of Apollo Global Management, a high-growth, global alternative asset manager with approximately $733 billion of assets under management as of September 30, 2024.
KEY QUOTE:
“ARI completed $1.9 billion of loan originations in 2024, as the Company continues to benefit from the robust origination activity of the broader Apollo real estate credit business. ARI believes the new vintage loans will generate attractive levered returns on equity.”
– Stuart Rothstein, Chief Executive Officer and President of the Company
