XML 95 R82.htm IDEA: XBRL DOCUMENT
v3.22.4

Related Party Transactions (Details) £ in Millions |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
May 24, 2021 USD ($) | Sep. 30, 2022 GBP (£) loan | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) loan Rate | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) loan Rate | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2020 GBP (£) | Jan. 31, 2020 USD ($) | Jan. 31, 2020 GBP (£) | Dec. 31, 2017 USD ($) | Jun. 30, 2015 USD ($)
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Termination fee, percent fee of base management fee |  |  |  |  |  | 300.00% |  | 300.00% |  |  |  |  |  |  |
Related party expenses |  |  |  |  |  |  |  | $ (38,419,000) | $ (38,160,000) | $ (39,750,000) |  |  |  |  |
Base management fees incurred but not yet paid |  |  |  |  |  | $ 9,728,000 |  | 9,728,000 | 9,773,000 |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  | 8,681,990,000 |  | 8,681,990,000 | 7,857,260,000 |  |  |  |  |  |
Debt related to real estate owned, held for investment, net |  |  |  |  |  | $ 160,294,000 |  | $ 160,294,000 | 0 |  |  |  |  |  |
Number of loans | loan |  |  | 3 |  |  | 3 |  | 3 |  |  |  |  |  |  |
Number of independent directors required | Rate |  |  |  |  |  | 66.60% |  | 66.60% |  |  |  |  |  |  |
Subordinate Mortgage Portfolio Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total carrying value, net | [1],[2] |  |  |  |  | $ 560,881,000 |  | $ 560,881,000 | 844,948,000 |  |  |  |  |  |
Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  | 138,300,000 |  | $ 138,300,000 | 97,800,000 |  |  |  |  |  |
Commercial Mortgage and Subordinated Portfolio Segment | Mixed Use Property - London |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Off-balance-sheet, credit loss, liability, transfers |  |  | £ 293.4 |  |  | $ 327,700,000 | £ 293.4 |  |  |  |  |  |  |  |
Junior Mezzanine Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of loans | loan |  |  |  |  |  | 3 |  | 3 |  |  |  |  |  |  |
Senior Mezzanine Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  | $ 191,600,000 |  | $ 191,600,000 |  |  |  |  |  |  |
Hotel - Washington D.C. | Subordinate Mortgage Portfolio Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt related to real estate owned, held for investment, net |  | $ 110,000,000 |  |  |  |  |  |  |  |  |  |  |  | $ 110,000,000 | $ 110,000,000
Hotel - Washington D.C. | Junior Mezzanine Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 20,000,000 | $ 20,000,000
Hotel - Washington D.C. | Senior Mezzanine Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 24,500,000 |
Payments to acquire mortgage notes receivable |  | $ 24,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Arrangement fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related party expenses |  |  |  | $ (400,000) | $ (200,000) |  |  |  |  |  |  |  |  |  |
Mezzanine Loans | Office Building - London |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Remaining unfunded commitment |  |  |  |  |  |  |  |  |  | 25,300,000 | £ 19.1 | $ 65,300,000 | £ 50.0 |  |
Debt instrument, face amount |  |  |  |  |  |  |  |  |  | 8,900,000 | £ 6.7 | $ 81,300,000 | £ 62.2 |  |
Limited Liability Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rate of management fees |  |  |  |  |  |  |  | 1.50% |  |  |  |  |  |  |
Extension period |  |  |  |  |  |  |  | 1 year |  |  |  |  |  |  |
Period of termination |  |  |  |  |  |  |  | 180 days |  |  |  |  |  |  |
Termination fee calculation period |  |  |  |  |  |  |  | 24 months |  |  |  |  |  |  |
Limited Liability Company | Management fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Base management fees incurred but not yet paid |  |  |  |  |  | 9,700,000 |  | $ 9,700,000 | 9,800,000 |  |  |  |  |  |
Affiliated Entity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt instrument, face amount |  |  |  |  | $ 30,000,000 |  |  |  |  |  |  |  |  |  |
Affiliated Entity | Management fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related party expenses |  |  |  |  |  | $ (38,400,000) |  |  | (38,400,000) | (39,800,000) |  |  |  |  |
Affiliated Entity | Reimbursements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related party expenses |  |  |  |  |  |  |  | (5,500,000) | $ (4,000,000) | $ (4,500,000) |  |  |  |  |
Apollo Investment Management Europe | Management fees |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase in management fee payable |  |  |  |  |  |  |  | $ 60,117 |  |  |  |  |  |  |
[1] | Includes $191,608 and $0 pledged as collateral under secured debt arrangements in 2022 and 2021, respectively.
[2] | Net of $159,724 and $178,588 CECL Allowance in 2022 and 2021, respectively, comprised of $133,500 and $145,000 Specific CECL Allowance and $26,224 and $33,588 General CECL Allowance, respectively.

X
- Definition Debt Instrument, Remaining Unfunded Commitment + References No definition available. + Details
Name: | ari_DebtInstrumentRemainingUnfundedCommitment
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Related To Real Estate Owned, Held For Investment + References No definition available. + Details
Name: | ari_DebtRelatedToRealEstateOwnedHeldForInvestment
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Number of Independent Directors Required To Terminate Management Agreement + References No definition available. + Details
Name: | ari_NumberOfIndependentDirectorsRequiredToTerminateManagementAgreement
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number Of Loans + References No definition available. + Details
Name: | ari_NumberOfLoans
Namespace Prefix: | ari_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Off-Balance-Sheet, Credit Loss, Liability, Transfers + References No definition available. + Details
Name: | ari_OffBalanceSheetCreditLossLiabilityTransfers
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Related Party Transaction, Annual Management Fee, Rate + References No definition available. + Details
Name: | ari_RelatedPartyTransactionAnnualManagementFeeRate
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Related Party Transaction, Extension Period + References No definition available. + Details
Name: | ari_RelatedPartyTransactionExtensionPeriod
Namespace Prefix: | ari_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Related Party Transaction, Termination Fee Calculation Period + References No definition available. + Details
Name: | ari_RelatedPartyTransactionTerminationFeeCalculationPeriod
Namespace Prefix: | ari_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Related party Transaction, Termination Notice Period + References No definition available. + Details
Name: | ari_RelatedpartyTransactionTerminationNoticePeriod
Namespace Prefix: | ari_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Termination Fee, Percent Fee of Base Management Fee + References No definition available. + Details
Name: | ari_TerminationFeePercentFeeOfBaseManagementFee
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap-supplement_IncreaseDecreaseInManagementFeePayable
Namespace Prefix: | us-gaap-supplement_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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 https://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 https://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 https://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 https://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 https://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 https://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 Carrying amount as of the balance sheet date of obligations due all related parties. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(k)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(C)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.17) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(B)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(3),(4)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 + Details
Name: | us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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 https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash outflow from the purchase of receivables arising from the mortgage note on real estate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireMortgageNotesReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 + Details
Name: | us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
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_RelatedPartyTransactionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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

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

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

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_HotelWashingtonD.C.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_LimitedLiabilityCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=ari_ApolloInvestmentManagementEuropeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |