XML 56 R46.htm IDEA: XBRL DOCUMENT
v3.21.1

Commercial Mortgage, Subordinate Loans and Other Lending Assets, Net - Additional Information (Details) £ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Jan. 31, 2020 USD ($) | Jan. 31, 2020 GBP (£) | Mar. 31, 2021 USD ($) | Mar. 31, 2020 USD ($) | Dec. 31, 2020 USD ($) | Mar. 31, 2021 GBP (£) | Nov. 30, 2020 USD ($) | Nov. 30, 2020 GBP (£)
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Mortgage loans on real estate, commercial and consumer, percentage of portfolio |  |  |  | 100.00% | 100.00% | 100.00% |  |  |
Decrease in general CECL allowance |  |  |  | $ 1,200,000 |  |  |  |  |
Interest receivable |  |  |  | 37,646,000 |  | $ 40,559,000 |  |  |
Amortized cost of loans in cost recovery |  |  |  | 404,074,000 | $ 373,500,000 |  |  |  |
Interest received for loans in cost recovery |  |  |  | 300,000 | 1,800,000 |  |  |  |
Total carrying value, net |  |  |  | 6,820,074,000 | 6,430,618,000 | 6,496,977,000 |  |  |
Principal balance |  |  |  | 6,856,509,000 | 6,488,891,000 | 6,535,079,000 |  |  |
Specific CECL allowance |  |  |  | 0 | (150,000,000) |  |  |  |
Payment in kind interest |  |  |  | 16,800,000 | 12,400,000 |  |  |  |
Proceeds from pre-payment penalties or accelerated fees |  |  |  |  | 200,000 |  |  |  |
Past Due 90 |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Amortized cost of loans in cost recovery |  |  |  | $ 774,800,000 |  | 711,900,000 |  |  |
Past Due 30-59 |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Principal balance |  |  |  |  |  | $ 19,000,000.0 |  |  |
Urban Retail |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Mortgage loans on real estate, commercial and consumer, percentage of portfolio |  |  |  | 11.50% |  | 10.00% |  |  |
Total carrying value, net |  |  |  |  |  |  |  | $ 422,700,000 | £ 309.2
Principal balance |  |  |  | $ 787,311,000 |  | $ 655,456,000 |  |  |
Sale of Mezzanine Loan |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Proceeds from sale of loan |  | $ 81,300,000 | £ 62.2 |  |  |  |  |  |
Realized loss on investment |  |  |  |  | 0 |  |  |  |
Sale Of Mezzanine Loan Two |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Realized loss on investment |  |  |  |  | 0 |  |  |  |
Sale of Unfunded Commitment of Senior Mortgage |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Proceeds from sale of loan |  | $ 65,300,000 | £ 50.0 |  |  |  |  |  |
Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  | 140,800,000 |  | 136,100,000 |  |  |
Principal balance |  |  |  | 6,856,509,000 |  | 6,535,079,000 |  |  |
Commercial Mortgage and Subordinated Portfolio Segment | Urban Retail |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  | 351,700,000 |  |  | £ 255.2 | $ 338,400,000 | £ 247.5
Subordinate Mortgage Portfolio Segment |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Total carrying value, net | [1] |  |  | 1,065,816,000 |  | 1,045,893,000 |  |  |
Payment in kind interest |  |  |  |  | $ 1,000,000.0 | $ 800,000 |  |  |
Maximum exposure to loss |  |  |  | $ 68,100,000 |  |  |  |  |
Maximum exposure to loss, term |  |  |  | 5 years 7 months 6 days |  |  |  |  |
Floating Rate Loan |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Mortgage loans on real estate, commercial and consumer, percentage of portfolio |  |  |  | 95.00% |  | 95.00% |  |  |
Mortgage, Amortized cost |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Amortized cost of loans in cost recovery |  |  |  | $ 375,813,000 |  |  |  |  |
Principal balance |  |  |  | 7,051,148,000 |  | $ 6,728,424,000 |  |  |
Urban Predevelopment - Miami, FL | Mortgage, Amortized cost |  |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |  |
Amortized cost of loans in cost recovery |  |  |  | 118,136,000 |  |  |  |  |
Total carrying value, net |  |  |  | $ 180,500,000 |  |  |  |  |
[1] | Net of $211,435 and $213,102 CECL Allowances in 2021 and 2020, respectively, comprised of $175,000 Specific CECL Allowance and $36,435 and $38,102 General CECL Allowance, respectively.

X
- Definition Allowance For Loan And Lease Losses, Real Estate And Off-Balance Sheet, Credit Loss, Liability, Period Increase (Decrease), Net Of Transfers + References No definition available. + Details
Name: | ari_AllowanceForLoanAndLeaseLossesRealEstateAndOffBalanceSheetCreditLossLiabilityPeriodIncreaseDecreaseNetOfTransfers
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Financing Receivable, Cost Recovery + References No definition available. + Details
Name: | ari_FinancingReceivableCostRecovery
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Financing Receivable, Cost Recovery, Interest Received + References No definition available. + Details
Name: | ari_FinancingReceivableCostRecoveryInterestReceived
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Financing Receivable, Loan Specific, Credit Loss, Expense (Reversal) + References No definition available. + Details
Name: | ari_FinancingReceivableLoanSpecificCreditLossExpenseReversal
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Guarantor Obligations, Maximum Exposure, Term + References No definition available. + Details
Name: | ari_GuarantorObligationsMaximumExposureTerm
Namespace Prefix: | ari_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Mortgage Loans on Real Estate, Commercial and Consumer, Percentage of Portfolio + References No definition available. + Details
Name: | ari_MortgageLoansOnRealEstateCommercialAndConsumerPercentageOfPortfolio
Namespace Prefix: | ari_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Proceeds From Pre-payment Penalties + References No definition available. + Details
Name: | ari_ProceedsFromPrepaymentPenalties
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719 + Details
Name: | us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121555522&loc=d3e12069-110248 + Details
Name: | us-gaap_GuaranteeObligationsMaximumExposure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.8) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_InterestReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Reflects the net positive or negative amount derived from subtracting from net proceeds of sale and the carrying amounts, net of allocated reserves, of financial assets transferred to third parties in transactions that qualify for sales treatment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107425-111719 + Details
Name: | us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(c)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, before allowance for credit loss, of financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 79 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922352-210448 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448 + Details
Name: | us-gaap_NotesReceivableGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 + Details
Name: | us-gaap_PaidInKindInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables30To59DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=ari_UrbanRetailMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=ari_SaleOfMezzanineLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=ari_SaleOfMezzanineLoanTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=ari_SaleOfUnfundedCommitmentOfSeniorMortgageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ari_CommercialMortgageandSubordinatedPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ari_SubordinateMortgagePortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=ari_FloatingRateLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_RealEstateLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_MiamiFLMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |