Print Page  Close Window
SEC Filings
10-Q
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. filed this Form 10-Q on 05/02/2017
Entire Document
 

Property Type
March 31, 2017
 
December 31, 2016
Office
31.7
%
 
34.6
%
Retail
32.5

 
29.0

Multifamily
11.3

 
12.4

Other (1)
24.5

 
24.0

Total
100.0
%
 
100.0
%
 (1)    No other individual category comprises more than 10% of the total.
 
Location
March 31, 2017
 
December 31, 2016
South Atlantic
26.7
%
 
23.8
%
Middle Atlantic
15.7

 
16.7

Pacific
13.9

 
15.3

East North Central
12.1

 
10.8

Other (1)
31.6

 
33.4

Total
100.0
%
 
100.0
%
 (1)    No other individual category comprises more than 10% of the total.
Note 5 – Loans, Held for Investment
The Company’s loans receivable are comprised of the following:

Loan Type
 
March 31, 2017
 
December 31, 2016
Commercial mortgage loans, held for investment, net
 
$
1,955,816

 
$
1,641,856

Subordinate loans, held for investment, net
 
1,195,570

 
1,051,236

Total loans, held for investment, net
 
$
3,151,386

 
$
2,693,092

 
Activity relating to our loans, held for investment portfolio was as follows:
 
 
Principal Balance
 
Deferred Fees/Other Items (1)
 
Provision for Loan Loss
 
Carrying Value
December 31, 2016
 
2,720,344

 
(12,252
)
 
(15,000
)
 
2,693,092

Loan fundings
 
492,282

 

 

 
492,282

Loan repayments
 
(44,075
)
 

 

 
(44,075
)
Unrealized gain (loss) on foreign currency translation
 
2,808

 

 

 
2,808

Deferred fees and other items (1)
 

 
(6,294
)
 

 
(6,294
)
Amortization of fees and other items (1)
 
7,854

 
5,718

 

 
13,573

March 31, 2017
 
3,179,213

 
(12,828
)
 
(15,000
)
 
3,151,386


(1)
Other items primarily consist of purchase discounts or premiums, exit fees, and deferred origination expenses.

The following table details overall statistics for our loans receivable portfolio:

 
 
March 31, 2017
 
December 31, 2016
Number of loans
 
51

 
45

Principal balance
 
$
3,179,213

 
$
2,720,344

Carrying value
 
$
3,151,386

 
$
2,693,092

Unfunded loan commitments (1)
 
$
121,470

 
$
170,365

Weighted-average cash coupon (2)
 
8.82
%
 
8.88
%
 

13