<SEC-DOCUMENT>0001181431-13-021271.txt : 20130405
<SEC-HEADER>0001181431-13-021271.hdr.sgml : 20130405
<ACCEPTANCE-DATETIME>20130405171453
ACCESSION NUMBER:		0001181431-13-021271
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130401
FILED AS OF DATE:		20130405
DATE AS OF CHANGE:		20130405

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gaul Megan B.
		CENTRAL INDEX KEY:			0001569697

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34452
		FILM NUMBER:		13746664

	MAIL ADDRESS:	
		STREET 1:		C/O APOLLO GLOBAL MANAGEMENT, LLC
		STREET 2:		9 WEST 57TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Apollo Commercial Real Estate Finance, Inc.
		CENTRAL INDEX KEY:			0001467760
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				270467113
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		C/O APOLLO GLOBAL MANAGEMENT, LLC
		STREET 2:		9 WEST 57TH STREET, 43RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		(212) 515-3200

	MAIL ADDRESS:	
		STREET 1:		C/O APOLLO GLOBAL MANAGEMENT, LLC
		STREET 2:		9 WEST 57TH STREET, 43RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>rrd376397.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2013-04-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001467760</issuerCik>
        <issuerName>Apollo Commercial Real Estate Finance, Inc.</issuerName>
        <issuerTradingSymbol>ARI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001569697</rptOwnerCik>
            <rptOwnerName>Gaul Megan B.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O APOLLO GLOBAL MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>9 WEST 57TH STREET, 43RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CFO, Treasurer &amp; Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>16771</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Reported amount includes 13,750 restricted stock units (&quot;RSUs&quot;) granted under the Apollo Commercial Real Estate Finance, Inc. 2009 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the issuer, provided the reporting person remains in service through the applicable vesting dates.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Megan B. Gaul, by Anton Feingold, her attorney-in-fact</signatureName>
        <signatureDate>2013-04-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd338287_382122.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<HTML>
<HEAD>
<TITLE>
rrd338287_382122.html
</TITLE>
</HEAD>
<BODY>
<PRE>
                               POWER OF ATTORNEY

                  FOR SEC FILINGS ON FORMS ID, 3, 4, 5 AND 144
                           IN RESPECT OF SECURITIES OF
                   APOLLO COMMERCIAL REAL ESTATE FINANCE INC.

The undersigned hereby constitutes and appoints each of John Suydam, Jessica
Lomm, August Sangese, Jay Bernstein and Anton Feingold or any one of them acting
alone, as her true and lawful attorney-in-fact and agent, with full power of
substitution and resubstitution for her in her name and stead in any and all
capacities, to sign and file for and on her behalf, in respect of any
acquisition, disposition or other change in ownership of any shares of common
stock, par value $0.01 per share, of Apollo Commercial Real Estate Finance Inc.
(the "Company"), the following:

     (i)    any Form ID to be filed with the Securities and Exchange Commission
            (the "SEC");

     (ii)   any Initial Statement of Beneficial Ownership of Securities on Form 3
            to be filed with the SEC;

     (iii)  any Statement of Changes of Beneficial Ownership of Securities on
            Form 4 to be filed with the SEC;

     (iv)   any Annual Statement of Beneficial Ownership of Securities on Form 5
            to be filed with the SEC;

     (v)    any Notice of Proposed Sale of Securities on Form 144 to be filed
            with the SEC; and

     (vi)   any and all agreements, certificates, receipts, or other documents
            in connection therewith.

The undersigned hereby gives full power and authority to the attorney-in-fact to
seek and obtain as the undersigned's representative and on the undersigned's
behalf, information on transactions in the Company's securities from any third
party, including brokers, employee benefit plan administrators and trustees, and
the undersigned hereby authorizes any such person to release such information to
the undersigned and approves and ratifies any such release of information.

The undersigned hereby grants unto such attorney-in-fact and agent full power
and authority to do and perform each and every act and thing requisite and
necessary in connection with such matters and hereby ratifies and confirms all
that any such attorney-in-fact and agent or substitute may do or cause to be
done by virtue hereof.

The undersigned acknowledges that:

     (i)    neither the Company nor such attorney-in-fact assumes (i) any
            liability for the undersigned's responsibility to comply with
            the requirement of the Securities Exchange Act of 1934, as
            amended (the "Exchange Act"), (ii) any liability of the
            undersigned for any failure to comply with such requirements
            or (iii) any obligation or liability of the undersigned for
            profit disgorgement under Section 16(b) of the Exchange Act;
            and

     (ii)   this Power of Attorney does not relieve the undersigned from
            responsibility for compliance with the undersigned's
            obligations under the Exchange Act, including without
            limitation the reporting requirements under Section 16 of the
            Exchange Act.

This Power of Attorney shall remain in full force and effect until revoked by
the undersigned in a signed writing delivered to such attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney.

Date: February 8, 2013                  /s/ Megan B. Gaul
                                        -----------------------------
                                        Megan B. Gaul

State of New York     )
                      )  ss.:
County of New York    )

     On the 11 day of February in the year 2013 before me, the undersigned, a
Notary Public in and for said State, personally appeared Megan B. Gaul ,
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and
acknowledged to me that she executed the same in her capacity, and that by her
signature on the instrument, the individual, or the person upon behalf of which
the individual acted, executed the instrument.

[STAMP OF NOTARY PUBLIC]

                                        Signature /s/ Wendy K. Modlin (notary public)
                                                 --------------------
</PRE>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
