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Apollo Commercial Real Estate Finance

All articles tagged with #apollo commercial real estate finance

finance2 years ago

"Secure a 14% Yield with Apollo Commercial"

Apollo Commercial Real Estate Finance (ARI) is a commercial mortgage REIT that originates and holds its own mortgages, providing it with direct exposure to the performance of the loans. Unlike collateralized mortgage-backed securities (CMBS) loans, where the originator and servicer have little incentive to work with troubled borrowers, ARI has the motivation to find profitable solutions or take possession of the property and operate it. Despite some defaults in the commercial real estate sector, ARI has been able to cover its dividend and maintain high earnings due to its ability to navigate the market and acquire properties at discounted prices. With a 14% yield and a strong financial position, ARI presents an opportunity for investors seeking income in the commercial real estate sector.

real-estate2 years ago

Apollo Writes Off Junior Loan, Luxury NYC Tower at 111 West 57th Street Sees Slow Sales

Apollo Commercial Real Estate Finance, the real estate investment trust arm of Apollo Global Management, has written off a junior mezzanine B loan at 111 West 57th Street in Midtown West, resulting in an $82 million hit for the REIT. The write-off is attributed to slower-than-expected unit sales at the luxury tower, which is the second-tallest residential building in the Western Hemisphere. The developers, JDS Development Group and Property Markets Group, have not commented on the situation. The luxury market in Manhattan has been facing challenges, with sales down nearly 40% year-over-year in the second quarter.