XML 88 R79.htm IDEA: XBRL DOCUMENT
v3.23.1

Related Party Transactions (Details) € in Millions, £ in Millions | 1 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Mar. 31, 2023 USD ($) loan Rate | Sep. 30, 2022 USD ($) | Sep. 30, 2022 GBP (£) | Mar. 31, 2022 USD ($) | Mar. 31, 2023 EUR (€) loan Rate | Mar. 31, 2023 GBP (£) loan Rate | Feb. 08, 2023 USD ($) | Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Termination fee, percent fee of base management fee |  |  | 300.00% |  |  |  | 300.00% | 300.00% |  |
Related party expenses |  |  | $ 9,517,000 |  |  | $ 9,354,000 |  |  |  |
Base management fees incurred but not yet paid |  |  | $ 9,534,000 |  |  |  |  |  |  | $ 9,728,000
Number of loans | loan |  |  | 3 |  |  |  | 3 | 3 |  |
Total carrying value, net |  |  | $ 8,472,068,000 |  |  |  |  |  |  | 8,681,990,000
Number of independent directors required | Rate |  |  | 66.60% |  |  |  | 66.60% | 66.60% |  |
Atlas Facility |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Number of loans | loan |  |  | 1 |  |  |  | 1 | 1 |  |
Secured Debt | Credit Suisse Facility | Line of Credit |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Current Borrowing Capacity |  |  |  |  |  |  |  |  | $ 632,300,000 |
Secured Debt | Atlas Facility | Line of Credit |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Current Borrowing Capacity |  |  | $ 83,000,000 |  |  |  |  |  |  |
Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Number of commercial mortgage loans | loan |  |  | 3 |  |  |  |  |  |  |
Total carrying value, net |  |  | $ 134,700,000 |  |  |  |  |  |  | 138,300,000
Mixed Use Property - London | Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Off-balance-sheet, credit loss, liability, transfers |  |  |  | $ 327,700,000 | £ 293.4 |  |  |  |  |
Total carrying value, net | £ |  |  |  |  |  |  |  | £ 15.0 |  |
Various Properties In Europe | Commercial Mortgage and Subordinated Portfolio Segment |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Total carrying value, net |  |  | 219,000,000 |  |  |  | € 205.7 |  |  |
Mortgage loans on real estate, commercial and consumer, funded, net |  |  | $ 122,400,000 |  |  |  | € 115.0 |  |  |
Junior Mezzanine Loans |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Number of loans | loan |  |  | 3 |  |  |  | 3 | 3 |  |
Arrangement fees |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party expenses | $ 400,000 | $ 200,000 |  |  |  |  |  |  |  |
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 |  |  | $ 9,500,000 |  |  |  |  |  |  | $ 9,700,000
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 |  |  | 9,500,000 |  |  | 9,400,000 |  |  |  |
Affiliated Entity | Reimbursements |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party expenses |  |  | 1,200,000 |  |  | $ 900,000 |  |  |  |
Apollo Investment Management Europe | Management fees |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Increase in management fee payable |  |  | $ 16,800 |  |  |  |  |  |  |

X
- Definition Mortgage Loans on Real Estate, Commercial and Consumer, Funded, Net + References No definition available. + Details
Name: | ari_MortgageLoansOnRealEstateCommercialAndConsumerFundedNet
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

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 Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
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 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_DebtInstrumentAxis=ari_AtlasFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
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: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=ari_VariousPropertiesInEuropeMember
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_RelatedPartyTransactionAxis=ari_ArrangementFeesMember
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: |