XML 70 R64.htm IDEA: XBRL DOCUMENT
v3.25.1

Real Estate Owned - Brooklyn Multifamily Development - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Feb. 28, 2025 | Dec. 31, 2024 | Jun. 30, 2024 | Dec. 31, 2022 | Aug. 03, 2022
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Debt related to real estate owned, held for investment, net | $ 345,596 |  |  |  | $ 324,587 |  |  |  |
Mortgage loans on real estate, commercial and consumer, net | 7,687,086 |  |  |  | 7,104,156 |  |  |  |
Financing receivable, construction and finance costs capitalized | $ 22,100 |  | $ 37,500 |  |  |  |  |  |
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] | Secured Overnight Financing Rate [Member] |  |  |  |  |  |  |  |
Debt instrument, covenant, unencumbered liquidity, threshold | $ 100,000 |  |  |  |  |  |  |  |
Debt instrument, covenant, net worth threshold | 600,000 |  |  |  |  |  |  |  |
Aggregate Notional Amount (in thousands) |  |  |  |  |  |  | $ 73,700 |  |
Interest rate caps | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Aggregate Notional Amount (in thousands) | 238,535 |  |  |  | 238,535 |  |  |  |
Derivative Financial Instruments, Assets | Interest rate caps | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Aggregate Notional Amount (in thousands) | 200 |  |  |  | 400 |  |  |  |
Letter of Credit |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Maximum amount of borrowings | $ 388,400 |  |  |  |  |  |  |  |
Line of credit facility, option to extend, period | 1 year |  |  |  |  |  |  |  |
Mortgages |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Debt related to real estate owned, held for investment, net | $ 272,800 |  |  |  | 252,000 |  |  |  |
Less: deferred financing costs | 1,700 |  |  |  | 2,000 |  |  |  |
JV Partner |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Financing receivable, loan in process |  |  |  |  |  |  |  | $ 164,800 |
JV Partner | Joint venture |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Equity method investment, ownership percentage |  |  |  |  |  |  |  | 100.00% |
Subordinate Mortgage Portfolio Segment |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Mortgage loans on real estate, commercial and consumer, net | $ 402,064 | [1] |  | $ 24,000 | 388,809 | [1] |  |  |
Multifamily Development - Brooklyn, NY |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Interest rate for repurchase facility | 2.55% |  |  |  |  |  |  |  |
Deed-In-Lieu Of Foreclosure |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |
Mortgage loans on real estate, commercial and consumer, net | $ 563,000 |  |  |  | 540,900 |  |  |  |
Real estate investment property, net |  |  |  |  |  |  |  |  | $ 270,100
Capitalized construction and financing costs | $ 341,800 |  |  |  | $ 319,700 |  |  |  |
[1] | Net of $377,212 and $373,336 CECL Allowances comprised $34,712 and $30,836 General CECL Allowance in 2025 and 2024, respectively, and $342,500 Specific CECL Allowance in 2025 and 2024.

X
- Definition Debt Instrument, Covenant, Net Worth Threshold + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantNetWorthThreshold
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Unencumbered Liquidity, Threshold + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantUnencumberedLiquidityThreshold
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 Financing Receivable, Construction And Finance Costs Capitalized + References No definition available. + Details
Name: | ari_FinancingReceivableConstructionAndFinanceCostsCapitalized
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line of Credit Facility, Option To Extend, Period + References No definition available. + Details
Name: | ari_LineOfCreditFacilityOptionToExtendPeriod
Namespace Prefix: | ari_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Interest Rate, Stated Percentage + References No definition available. + Details
Name: | ari_LineofCreditFacilityInterestRateStatedPercentage
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Mortgage loans on real estate commercial and consumer capitalized construction and financing costs. + References No definition available. + Details
Name: | ari_MortgageLoansOnRealEstateCommercialAndConsumerCapitalizedConstructionAndFinancingCosts
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Indicates type of variable interest rate on debt instrument. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 + Details
Name: | us-gaap_DebtInstrumentVariableInterestRateTypeExtensibleEnumeration
Namespace Prefix: | us-gaap_
Data Type: | enum2:enumerationSetItemType
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://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-1A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, fee, and loan in process, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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://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
- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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_RealEstateInvestmentPropertyNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 976 -SubTopic 310 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477332/976-310-50-1 + Details
Name: | us-gaap_RealEstateLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

X
- Details
Name: | srt_OwnershipAxis=ari_JVPartnerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ari_JointVentureMember
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: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=ari_MultifamilyDevelopmentBrooklynNYMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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