XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.19.2

Secured Debt Arrangements, Net (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At June 30, 2019 and December 31, 2018, our borrowings had the following secured debt arrangements, maturities and weighted-average interest rates ($ in thousands):
|  | June 30, 2019 (2) |  | December 31, 2018 (2)
|  | Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1) |  | Maximum Amount of Borrowings |  | Borrowings Outstanding |  | Maturity (1)
| JPMorgan Facility (USD) | $ | 951,723 |  |  | $ | 712,335 |  |  | June 2024 |  | $ | 1,333,503 |  |  | $ | 680,141 |  |  | June 2021
| JPMorgan Facility (GBP) | 48,277 |  |  | 48,277 |  |  | June 2024 |  | 48,497 |  |  | 48,497 |  |  | June 2021
| DB Repurchase Facility (USD) | 862,588 |  |  | 434,090 |  |  | March 2021 |  | 904,181 |  |  | 419,823 |  |  | March 2021
| DB Repurchase Facility (GBP) | 137,412 |  |  | 137,412 |  |  | March 2021 |  | 150,819 |  |  | 150,819 |  |  | March 2021
| Goldman Facility | 500,000 |  |  | 112,713 |  |  | November 2021 |  | 300,000 |  |  | 210,072 |  |  | November 2020
| CS Facility (USD) | 174,278 |  |  | 174,278 |  |  | December 2019 |  | 187,117 |  |  | 187,117 |  |  | June 2019
| CS Facility (GBP) | 144,364 |  |  | 144,364 |  |  | December 2019 |  | 151,773 |  |  | 151,773 |  |  | June 2019
| HSBC Facility (GBP) | 37,834 |  |  | 37,834 |  |  | December 2019 |  | 48,835 |  |  | 48,835 |  |  | December 2019
| Sub-total | 2,856,476 |  |  | 1,801,303 |  |  |  |  | 3,124,725 |  |  | 1,897,077 |  |  |
| less: deferred financing costs | N/A |  |  | (18,246 | ) |  |  |  | N/A |  |  | (17,555 | ) |  |
| Total / Weighted-Average | $ | 2,856,476 |  |  | $ | 1,783,057 |  |  | $ | 3,124,725 |  |  | $ | 1,879,522 |  |
——————— (1) Maturity date assumes extensions at our option are exercised. (2) Weighted-average rates as of June 30, 2019 and December 31, 2018 were USD L + 2.10% / GBP L + 2.30% and USD L + 2.17% / GBP L + 2.28%, respectively.
Remaining Maturities of Borrowings | At June 30, 2019, our borrowings had the following remaining maturities ($ in thousands):
| Less than 1 year (1) |  | 1 to 3 years (1) |  | 3 to 5 years (1) |  | More than 5 years |  | Total
JPMorgan Facility | $ | 144,554 |  |  | $ | 294,839 |  |  | $ | 321,219 |  |  | $ | — |  |  | $ | 760,612 |
DB Repurchase Facility | 106,304 |  |  | 465,198 |  |  | — |  |  | — |  |  | 571,502 |
Goldman Facility | — |  |  | 112,713 |  |  | — |  |  | — |  |  | 112,713 |
CS Facility - USD | 174,278 |  |  | — |  |  | — |  |  | — |  |  | 174,278 |
CS Facility - GBP | 144,364 |  |  | — |  |  | — |  |  | — |  |  | 144,364 |
HSBC Facility | 37,834 |  |  | — |  |  | — |  |  | — |  |  | 37,834 |
Total | $ | 607,334 |  |  | $ | 872,750 |  |  | $ | 321,219 |  |  | $ | — |  |  | $ | 1,801,303 |
——————— (1) Assumes underlying assets are financed through the fully extended maturity date of the facility.
Schedule of Outstanding, Maximum and Average Balances of Debt | The table below summarizes the outstanding balances at June 30, 2019, as well as the maximum and average month-end balances for the six months ended June 30, 2019 for our borrowings under secured debt arrangements ($ in thousands).
| As of June 30, 2019 |  | For the six months ended June 30, 2019
| Balance |  | Amortized Cost of Collateral |  | Maximum Month-End Balance |  | Average Month-End Balance
JPMorgan Facility | $ | 760,612 |  |  | $ | 1,612,150 |  |  | $ | 929,496 |  |  | $ | 836,744 |
DB Repurchase Facility | 571,502 |  |  | 1,012,396 |  |  | 672,477 |  |  | 583,879 |
Goldman Facility | 112,713 |  |  | 515,064 |  |  | 312,507 |  |  | 207,934 |
CS Facility - USD | 174,278 |  |  | 238,441 |  |  | 188,037 |  |  | 184,049 |
CS Facility - GBP | 144,364 |  |  | 206,422 |  |  | 150,811 |  |  | 145,599 |
HSBC Facility | 37,834 |  |  | 53,946 |  |  | 50,784 |  |  | 47,830 |
Total | $ | 1,801,303 |  |  | $ | 3,638,419 |  |  |  |  |

X
- Definition Schedule of Outstanding, Maximum and Average Balances of Debt [Table Text Block] + References No definition available. + Details
Name: | ari_ScheduleofOutstandingMaximumandAverageBalancesofDebtTableTextBlock
Namespace Prefix: | ari_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + 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://fasb.org/us-gaap/role/ref/legacyRef -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