Apollo Commercial Real Estate Finance, a real estate investment trust (REIT), announced originating $782 million in loans during the fourth quarter of 2024. This activity brought its total loan originations for the year to $1.9 billion.
In Q4 2024, Apollo Commercial Real Estate Finance (ARI) originated $782 million in loans, with $330 million funded at closing. Additionally, $97 million was funded for previously closed loans during the same period. The company received $800 million from loan repayments in the quarter, contributing to a total of $2.5 billion in repayments for the year.
Of the total loan repayments, 41% were from properties located in the United States, while 59% were secured by properties in the United Kingdom and Europe. These repayments included loans backed by various property types such as retail, hotel, residential, mixed-use, and industrial assets.
ARI focuses on originating, acquiring, investing in, and managing commercial first mortgage loans, subordinate financings, and other commercial real estate debt investments. The company operates under the external management of ACREFI Management, an indirect subsidiary of Apollo Global Management. As of September 30, 2024, Apollo Global Management oversees approximately $733 billion in assets.
“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,” stated Stuart Rothstein, Chief Executive Officer and President of ARI.
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By Proptechbuzz
By Ravi Kumar
