XML 96 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Secured Debt Arrangements, Net (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Weighted Average Maturities and Interest Rates of Borrowings

At December 31, 2019 and 2018, our borrowings had the following secured debt arrangements, maturities and weighted- average interest rates ($ in thousands):

		December 31, 2019 (2)										December 31, 2018
		Maximum Amount of Borrowings				Borrowings Outstanding				Maturity (1)		Maximum Amount of Borrowings				Borrowings Outstanding				Maturity (1)
	JPMorgan Facility (USD)	$	1,154,109			$	1,090,160			June 2024		$	1,333,503			$	680,141			June 2021
	JPMorgan Facility (GBP)	51,702				50,410				June 2024		48,497				48,497				June 2021
	JPMorgan Facility (EUR)	94,189				94,189				June 2024		N/A				N/A				N/A
	DB Repurchase Facility (USD)	1,250,000				513,876				March 2021		904,181				419,823				March 2021
	DB Repurchase Facility (GBP)	N/A				N/A				N/A		150,819				150,819				March 2021
	Goldman Facility (USD)	500,000				322,170				November 2021		300,000				210,072				November 2020
	CS Facility - USD	226,068				218,644				June 2020		187,117				187,117				June 2019
	CS Facility - GBP	93,915				93,915				June 2020		151,773				151,773				June 2019
	HSBC Facility - USD	50,625				50,625				October 2020		N/A				N/A				N/A
	HSBC Facility - GBP	34,634				34,634				June 2020		48,835				48,835				December 2019
	HSBC Facility - EUR	154,037				154,037				January 2021		N/A				N/A				N/A
	Barclays Facility (GBP)	538,916				290,347				February 2024		N/A				N/A				N/A
	Barclays Facility (EUR)	182,549				182,549				November 2020		N/A				N/A				N/A
	Sub-total	4,330,744				3,095,556						3,124,725				1,897,077
	less: deferred financing costs	N/A				(17,190		)				N/A				(17,555		)
	Total / Weighted-Average	$	4,330,744			$	3,078,366					$	3,124,725			$	1,879,522

———————

(1) Maturity date assumes extensions at our option are exercised.

(2)

Weighted-average rate as of December 31, 2019 was USD L + 2.07% / GBP L + 1.75% / EUR L + 1.36%.

Remaining Maturities of Borrowings

At December 31, 2019, our borrowings had the following remaining maturities ($ in thousands): 

	Less than 1 year (1)				1 to 3 years (1)				3 to 5 years				More than 5 years				Total
JPMorgan Facility	$	143,841			$	251,002			$	839,916			$	—			$	1,234,759
DB Repurchase Facility	32,400				481,476				—				—				513,876
Goldman Facility	—				322,170				—				—				322,170
CS Facility - USD	218,644				—				—				—				218,644
CS Facility - GBP	93,915				—				—				—				93,915
HSBC Facility - USD	50,625				—				—				—				50,625
HSBC Facility - GBP	34,634				—				—				—				34,634
HSBC Facility - EUR	—				154,037				—				—				154,037
Barclays Facility (GBP)	—				—				290,347				—				290,347
Barclays Facility (EUR)	182,549				—				—				—				182,549
Total	$	756,608			$	1,208,685			$	1,130,263			$	—			$	3,095,556

———————

(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 December 31, 2019, as well as the maximum and average month-end balances for the year ended December 31, 2019 for our borrowings under secured debt arrangements ($ in thousands).

									For the year ended December 31, 2019
	Balance at December 31, 2019				Amortized Cost of collateral at December 31, 2019				Maximum Month-End Balance				Average Month-End Balance
JPMorgan Facility	$	1,234,759			$	1,845,400			$	1,234,759			$	947,400
DB Repurchase Facility	513,876				766,676				757,117				604,067
Goldman Facility	322,170				513,559				324,821				246,318
CS Facility - USD	218,644				308,884				218,644				182,646
CS Facility - GBP	93,915				129,723				150,811				134,694
HSBC Facility - USD	50,625				66,960				50,625				50,625
HSBC Facility - GBP	34,634				49,976				50,784				42,296
HSBC Facility - EUR	154,037				190,780				154,037				151,889
Barclays Facility (GBP)	290,347				738,455				290,347				139,004
Barclays Facility (EUR)	182,549				241,674				182,549				181,159
Total	$	3,095,556			$	4,852,087

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