XML 121 R110.htm IDEA: XBRL DOCUMENT v3.25.0.1

Schedule IV - Mortgage Loans on Real Estate - Summary of Changes in Carrying Amounts of Mortgage Loans (Parenthetical) (Details) - USD ($)
$ in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Apr. 30, 2024

Jun. 30, 2024

Jun. 30, 2023

Dec. 31, 2022

Jun. 30, 2022

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Loans and leases receivable, gain (loss) on sales, net

^[1]

$ (128,191)

$ (86,604)

$ (24,894)

Realized loss on investments

700

Write-offs, specific CECL allowance, funded

127,512

81,890

Realized loss on investments

17,900

Specific CECL allowance increased

59,500

Carrying value, net

7,104,156

^[2]

8,358,093

Increase in Specific CECL Allowance, net

(11,500)

Allowance for credit loss, current

$ 7,000

7,000

General allowance for credit loss liability on unfunded

4,300

5,900

4,000

4,300

Interest received for loans in cost recovery

9,100

2,500

3,200

Mezzanine Loans

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Carrying value, net

721,700

674,500

Commercial Mortgage and Subordinated Portfolio Segment

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Loans and leases receivable, gain (loss) on sales, net

200

Write-offs, specific CECL allowance, funded

127,512

81,980

24,900

Specific CECL allowance increased

149,500

Carrying value, net

$ 8,300

95,500

Hotel - Honolulu, HI

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Loans and leases receivable, gain (loss) on sales, net

$ (700)

Loan, mortgage, held-for-sale, price percentage

99.50%

99.50%

Massachusetts Healthcare Loan

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Loans and leases receivable, gain (loss) on sales, net

$ (127,500)

Hotel - Atlanta, GA

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Loans and leases receivable, gain (loss) on sales, net

(4,800)

Urban Predevelopment Miami F L [Member]

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Write-offs, specific CECL allowance, funded

15,000

Specific CECL allowance (reversal), net of previously recorded amount

53,000

Residential - Manhattan, NY

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Write-offs, specific CECL allowance, funded

$ 7,000

$ 7,000

Increase in Specific CECL Allowance, net

66,500

Ultra Luxury Residential Property Manhattan, NY | Commercial Mortgage and Subordinated Portfolio Segment

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Write-offs, specific CECL allowance, funded

$ 82,000

Specific CECL allowance increased

$ 141,500

Multifamily Development - Brooklyn, NY

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]

Specific CECL allowance (reversal), net of previously recorded amount

$ (10,000)

[1]

During the year ended December 31, 2024, we recorded a $128.2 million net realized loss on investments, consisting of (i) a $127.5 million realized loss related to the extinguishment of the Massachusetts Healthcare Loan and (ii) a $0.7 million realized loss related to the sale of a commercial mortgage loan collateralized by a hotel property located in Honolulu, HI, which was sold at a price of 99.5%. During the year ended December 31, 2023, we recorded a $86.6 million realized loss on investments comprised of (i) a $4.8 million realized loss related to the acquisition of the Atlanta Hotel through a deed-in-lieu of foreclosure and (ii) a $82.0 million realized loss representing a write-off of previously recorded Specific CECL Allowance on one of our subordinate loans secured by an ultra-luxury residential property in Manhattan, NY. These losses were partially offset by a $0.2 million gain on investments recorded in connection with the sale of our entire interest in three commercial loans secured by properties in Europe and a partial interest in one commercial loan secured by property located in London, United Kingdom. During the year ended December 31, 2022, we recorded a $24.9 million realized loss on investments represented with a write-off of a previously recorded Specific CECL Allowance comprised of (i) a $17.9 million loss on a first mortgage loan secured by an urban predevelopment property following the sale of the underlying property, and (ii) a $7.0 million loss, related to a first mortgage secured by the Atlanta hotel in anticipation of consensual foreclosure in the first quarter of 2023.

[2]

Excludes Note receivable, held for sale with an outstanding principal and carrying value of $41.2 million.

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

Financing receivable loan specific credit loss expense reversal net of previously recorded amount.

+ References

No definition available.

+ Details

Name:	ari_FinancingReceivableLoanSpecificCreditLossExpenseReversalNetOfPreviouslyRecordedAmount
Namespace Prefix:	ari_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

General allowance for credit loss liability on unfunded

+ References

No definition available.

+ Details

Name:	ari_GeneralAllowanceForCreditLossLiabilityOnUnfunded
Namespace Prefix:	ari_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Loan, Mortgage, Held-for-Sale, Price Percentage

+ References

No definition available.

+ Details

Name:	ari_LoanMortgageHeldForSalePricePercentage
Namespace Prefix:	ari_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Specific allowance for credit loss increase decrease.

+ References

No definition available.

+ Details

Name:	ari_SpecificAllowanceForCreditLossIncreaseDecrease
Namespace Prefix:	ari_
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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 29
-Publisher SEC

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 948
-SubTopic 310
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-29)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1

+ Details

Name:	srt_MortgageLoansOnRealEstateLineItems
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleRealizedGainLoss
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Amount of realized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Amount excluding accrued interest, of allowance for credit loss on financing receivable, classified as current.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479344/326-20-45-1

+ Details

Name:	us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. Excludes net investment in lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

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
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-5

+ 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://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 80
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480078/944-80-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 80
-Name Accounting Standards Codification
-Section 55
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480078/944-80-55-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(1)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

+ Details

Name:	us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=ari_MezzanineLoansMember
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_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_HotelHonoluluHiMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_MassachusettsHealthcareLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_HotelAtlantaGAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_UrbanPredevelopmentMiamiFLMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_ResidentialManhattanNYMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_UltraLuxuryResidentialPropertyManhattanNyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_MultifamilyDevelopmentBrooklynNYMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: