XML 32 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Commercial Mortgage Loans (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2013
Text Block [Abstract] |
Commercial Mortgage Loan Portfolio | The Company’s commercial mortgage loan portfolio was comprised of the following at March 31, 2013:
Description |  | Date of Investment |  |  | Maturity Date |  |  | Original Face Amount |  |  | Current Face Amount |  |  | Carrying Value |  |  | Coupon |  |  | Property Size |
Hotel - NY, NY |  |  | Jan-10 |  |  |  | Feb-15 |  |  | $ | 32,000 |  |  | $ | 31,501 |  |  | $ | 31,501 |  |  |  | Fixed |  |  |  | 151 rooms |
Office Condo (Headquarters) - NY, NY |  |  | Feb-10 |  |  |  | Feb-15 |  |  |  | 28,000 |  |  |  | 27,351 |  |  |  | 27,351 |  |  |  | Fixed |  |  |  | 73,419 sq. ft. |
Hotel - Silver Spring, MD |  |  | Mar-10 |  |  |  | Apr-15 |  |  |  | 26,000 |  |  |  | 25,186 |  |  |  | 24,935 |  |  |  | Fixed |  |  |  | 263 rooms |
Mixed Use – South Boston, MA (1) |  |  | Apr-12 |  |  |  | Dec-13 |  |  |  | 23,844 |  |  |  | 16,890 |  |  |  | 14,444 |  |  |  | Floating |  |  |  | 20 acres |
Condo Conversion – NY, NY (2) |  |  | Dec-12 |  |  |  | Jan-15 |  |  |  | 45,000 |  |  |  | 45,000 |  |  |  | 44,602 |  |  |  | Floating |  |  |  | 119,000 sq. ft. |
Total/Weighted Average |  |  |  |  |  |  |  |  |  | $ | 154,844 |  |  | $ | 145,928 |  |  | $ | 142,833 |  |  |  | 7.84 | % |  |  |  |
(1) | This loan is a senior sub-participation interest in a $120,000 first mortgage. In December 2012, the borrower exercised a one-year extension option subject upon repayment of $33,000 of the entire first mortgage (of which the Company received its pro rata portion) and the payment of a fee on the outstanding balance of the entire first mortgage.
(2) | This loan includes two one-year extension options subject to certain conditions and the payment of a fee for each extension.
The Company’s commercial mortgage loan portfolio was comprised of the following at December 31, 2012:
Description |  | Date of Investment |  |  | Maturity Date |  |  | Original Face Amount |  |  | Current Face Amount |  |  | Carrying Value |  |  | Coupon |  |  | Property Size |
Hotel - NY, NY |  |  | Jan-10 |  |  |  | Feb-15 |  |  | $ | 32,000 |  |  | $ | 31,571 |  |  | $ | 31,571 |  |  |  | Fixed |  |  |  | 151 rooms |
Office Condo (Headquarters) - NY, NY |  |  | Feb-10 |  |  |  | Feb-15 |  |  |  | 28,000 |  |  |  | 27,419 |  |  |  | 27,419 |  |  |  | Fixed |  |  |  | 73,419 sq. ft. |
Hotel - Silver Spring, MD |  |  | Mar-10 |  |  |  | Apr-15 |  |  |  | 26,000 |  |  |  | 25,273 |  |  |  | 25,273 |  |  |  | Fixed |  |  |  | 263 rooms |
Mixed Use – South Boston, MA (1) |  |  | Apr-12 |  |  |  | Dec-13 |  |  |  | 23,844 |  |  |  | 17,287 |  |  |  | 14,105 |  |  |  | Floating |  |  |  | 20 acres |
Condo Conversion – NY, NY (2) |  |  | Dec-12 |  |  |  | Jan-15 |  |  |  | 45,000 |  |  |  | 45,000 |  |  |  | 44,553 |  |  |  | Fixed |  |  |  | 119,000 sq. ft. |
Total/Weighted Average |  |  |  |  |  |  |  |  |  | $ | 154,844 |  |  | $ | 146,550 |  |  | $ | 142,921 |  |  |  | 7.82 | % |  |  |  |
(1) | This loan is a senior sub-participation interest in a $120,000 first mortgage. In December 2012, the borrower exercised a one-year extension option subject upon repayment of $33,000 of the entire first mortgage (of which the Company received its pro rata portion) and the payment of a fee on the outstanding balance of the entire first mortgage
(2) | This loan includes two one-year extension options subject to certain conditions and the payment of a fee for each extension.

X
- Definition Commercial mortgage loan held for investment. + References No definition available. + Details
Name: | ari_CommercialMortgageLoanHeldForInvestmentTableTextBlock
Namespace Prefix: | ari_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_TextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration