Apollo Commercial completes $3.7B of mortgage originations in 2022

Apollo Commercial Real Estate Finance announced the Company committed to $243.1M of mortgages in the fourth quarter of 2022, bringing annual loan originations to $3.7B for the year. "ARI had a strong year of loan originations, coupled with meaningful achievements in both portfolio and capital management," said Stuart Rothstein, Chief Executive Officer and President of ARI. "The Company completed over $3.7 billion of new loan originations, many of which were funded by over $2.2 billion in loan repayments. ARI also made material progress with several of the Company’s focus loans, ending the year with the sale of the properties securing our non-performing loan in the Miami Design District. In connection with the sale, we provided seller financing to the new sponsorship group, immediately redeploying a large portion of the capital. ARI continues to benefit from the strength of Apollo’s global brand in the commercial real estate lending market and remains well positioned to generate distributable earnings in excess of our dividend per share of common stock in 2023." Fourth Quarter Portfolio Activity: New Investments – During the fourth quarter of 2022, ARI originated $243.1M of mortgages; Funding of Previously Closed Loans – During the fourth quarter of 2022, ARI funded $148.4M for loans closed during the preceding quarters. Loan Repayments – During the fourth quarter of 2022, ARI received $0.7B from loan repayments. Of the loan repayments, approximately 91% came from loans secured by properties in the United States and 9% came from loans secured by properties in the United Kingdom and Europe. In addition, 33% of the loan repayments were from office loans, with the balance from retail, residential, hotel, healthcare, industrial and mixed use loans.