XML 35 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6

Borrowings (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Weighted Average Maturities and Interest Rates of Borrowings

At March 31, 2013 and December 31, 2012, the Company’s borrowings had the following debt balances, weighted average maturities and interest rates:

		March 31, 2013												December 31, 2012
		Debt Balance				Weighted Average Remaining Maturity				Weighted Average Rate				Debt Balance				Weighted Average Remaining Maturity				Weighted Average Rate
Wells Facility borrowings		$	211,941				1.3 years	*			1.4	%		$	225,155				1.1 years	*			1.8	%				**
JPMorgan Facility borrowings			3				1.8 years	*			2.7	%			3				5 days				2.7	%			L+250
Total borrowings		$	211,944				1.3 years				1.4	%		$	225,158				1.1 years				1.8	%

* Assumes extension options on the Wells Facility and JPMorgan Facility are exercised.

** At December 31, 2012, borrowings outstanding under the Wells Facility bore interest at a LIBOR plus 125 basis points, 150 basis points or 235 basis points depending on the collateral pledged. At March 31, 2013, borrowings outstanding under the Wells Facility bore interest at a LIBOR plus 105 basis points or 175 basis points depending on the collateral pledged.

Remaining Maturities of Borrowings

At March 31, 2013, the Company’s borrowings had the following remaining maturities:

		Less than 1 year				1 to 3 years				3 to 5 years				More than 5 years				Total
Wells Facility borrowings*		$	166,467			$	45,474			$	—			$	—			$	211,941
JPMorgan Facility borrowings			—				3				—				—				3
Total		$	166,467			$	45,477			$	—			$	—			$	211,944

* Assumes extension options on Wells Facility with respect to the Hilton CMBS are exercised.

Summary of Outstanding Balances, Maximum and Average Balances of Borrowings

The table below summarizes the outstanding balances at March 31, 2013 as well as the maximum and average balances for the three months ended March 31, 2013.  

						For the three months ended March 31, 2013
		Balance at March 31, 2013				Maximum Month-End Balance				Average Month-End Balance
Wells Facility borrowings		$	211,941			$	225,155			$	216,947
JPMorgan Facility borrowings			3				3				3
Total		$	211,944

X

- Definition

Summarizes the outstanding balances, maximum and average balances of borrowings.

+ References

No definition available.

+ Details

Name:	ari_SummarizesOutstandingBalancesMaximumAndAverageBalancesOfBorrowingsTableTextBlock
Namespace Prefix:	ari_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 470

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration