XML 75 R66.htm IDEA: XBRL DOCUMENT
v3.22.1

Senior Secured Term Loan, Net - Narrative (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
May 31, 2019 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2020 | Dec. 31, 2021 | Sep. 30, 2021 | Dec. 31, 2020
Debt Instrument [Line Items] |  |  |  |  |  |  |
Repayments of senior secured term loan principal |  | $ 2,000,000 | $ 1,250,000 |  |  |  |
2026 Term Loan |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  | 2.75% |  |  | 2.75% |  |
Repayments of secured debt, amortizing percent |  | 0.25% |  |  |  |  |
Repayments of senior secured term loan principal |  | $ 1,300,000 | 1,300,000 |  |  |  |
Deferred financing costs |  | $ 7,469,000 |  |  | $ 7,933,000 |  |
2028 Term Loan |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  | 3.50% |  |  | 3.50% |  |
Repayments of secured debt, amortizing percent |  | 0.25% |  |  |  |  |
Repayments of senior secured term loan principal |  | $ 700,000 |  |  |  |  |
Deferred financing costs |  | 4,490,000 |  |  | $ 4,801,000 |  |
Interest Rate Cap |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt interest rate cap |  |  |  | 3 years |  |  |
London Interbank Offered Rate (LIBOR) | Interest Rate Cap |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Fixed interest rate |  |  |  | 0.75% |  |  |
Secured Debt |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt instrument, face amount | $ 500,000,000 |  | $ 300,000,000 |  |  |  |
Debt instrument, issuance price as a percentage | 99.50% |  | 99.00% |  |  |  |
Debt instrument, covenant, non-recourse debt to tangible net worth ratio, maximum |  |  |  |  | 400.00% | 300.00% |
Debt instrument, covenant, unencumbered assets to pari-passu indebtedness ratio, maximum |  |  |  |  | 250.00% | 125.00% |
Debt instruments, covenant, modification fees |  |  |  |  | $ 5,200,000 |  |
Debt instruments, covenant, modification fees, consent fees |  |  |  |  | 3,900,000 |  |
Debt instruments, covenant, modification fees, arrangement fees |  |  |  |  | 1,300,000 |  |
Effective interest rate |  |  |  | 3.50% |  |  |
Deferred financing costs |  | $ 11,959,000 |  |  | $ 12,734,000 |  |
Secured Debt | Interest Rate Cap |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  | $ 1,100,000
Secured Debt | London Interbank Offered Rate (LIBOR) |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 2.75% |  |  |  |  |  |
Secured Debt | London Interbank Offered Rate (LIBOR) | Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 0.50% |  |  |  |
Secured Debt | London Interbank Offered Rate (LIBOR) | Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 3.50% |  |  |  |

X
- Definition Debt Instrument, Covenant, Recourse Debt To Tangible Net Worth Ratio, Maximum + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantRecourseDebtToTangibleNetWorthRatioMaximum
Namespace Prefix: | ari_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Unencumbered Assets To Pari-Passu Indebtedness Ratio, Maximum + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantUnencumberedAssetsToPariPassuIndebtednessRatioMaximum
Namespace Prefix: | ari_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Discount Rate At Issuance Of Face Value + References No definition available. + Details
Name: | ari_DebtInstrumentDiscountRateAtIssuanceOfFaceValue
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instruments, Covenant, Modification Fees + References No definition available. + Details
Name: | ari_DebtInstrumentsCovenantModificationFees
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Debt Instruments, Covenant, Modification Fees, Arrangement Fees + References No definition available. + Details
Name: | ari_DebtInstrumentsCovenantModificationFeesArrangementFees
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Debt Instruments, Covenant, Modification Fees, Consent Fees + References No definition available. + Details
Name: | ari_DebtInstrumentsCovenantModificationFeesConsentFees
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Repayments of Secured Debt, Amortizing Percent + References No definition available. + Details
Name: | ari_RepaymentsOfSecuredDebtAmortizingPercent
Namespace Prefix: | ari_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

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_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + 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 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfSecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ari_A2026TermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ari_A2028TermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |