XML 76 R70.htm IDEA: XBRL DOCUMENT
v3.25.3

Secured Debt Arrangements, Net - Additional Information (Details) | 3 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2025 USD ($) | Sep. 30, 2024 USD ($) | Sep. 30, 2025 USD ($) | Sep. 30, 2024 USD ($) | Jun. 30, 2025 USD ($) | Dec. 31, 2024 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |
Weighted average haircut under repurchase agreements | 26.50% |  | 26.50% |  |  | 26.50%
Long-term line of credit | $ 779,700,000 |  | $ 779,700,000 |  |  | $ 462,900,000
Debt instrument, covenant, interest coverage ratio, minimum | 1.3 |  | 1.3 |  |  |
Debt instrument covenant, debt to tangible net worth ratio maximum |  |  |  |  | 4 |
Debt instrument, covenant, debt to total assets maximum percentage | 83.33% |  | 83.33% |  |  |
Barclays Securitization | Line of Credit | VIE |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Deferring or waiving debt service payments, term |  |  | 18 months |  |  |
Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum amount of borrowings | $ 275,000,000 |  | $ 275,000,000 |  | $ 160,000,000 |
Deferred financing costs | $ 2,700,000 |  | 2,700,000 |  |  |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, increase (decrease), net |  |  | $ 115,000,000 |  |  |
Debt instrument, covenant, debt to total assets maximum percentage | 81.82% |  | 81.82% |  |  | 81.82%
Revolving Credit Facility | 2023 Revolving Credit Facility | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Recourse, percentage | 5.00% |  | 5.00% |  |  |
Minimum unrestricted cash | $ 30,000,000 |  | $ 30,000,000 |  |  |
Revolving Credit Facility | 2023 Revolving Credit Facility | Bank of America, N.A. | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Long-term line of credit | 0 |  | 0 |  |  | $ 0
Line of credit facility, commitment fee amount | 117,000 | $ 84,700 | 259,000 | $ 195,300 |  |
Line of credit facility, periodic payment, interest | 15,000 | $ 100,000 | 622,000,000 | $ 2,400,000 |  |
Revolving Credit Facility | Financial Covenants Equity Issuance After March 31, 2017 | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Net cash proceeds of additional equity issuances, amount | $ 1,250,000,000 |  | $ 1,250,000,000 |  |  |
Tangible net worth, percentage | 75.00% |  | 75.00% |  |  |
Revolving Credit Facility | Financial Covenants Equity Issuance After June 30, 2025 |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Net cash proceeds of additional equity issuances, amount | $ 1,420,000,000 |  | $ 1,420,000,000 |  |  |
Tangible net worth, percentage | 75.00% |  | 75.00% |  |  |
JP Morgan Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, increase (decrease), net |  |  | $ 500,000,000 |  |  |
Barclays Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, increase (decrease), net |  |  | 100,000,000 |  |  |
Barclays Facility | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, increase (decrease), net |  |  | 283,500,000 |  |  |
Secured Credit Facility with Morgan Stanley and Barclays | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum amount of borrowings | $ 1,400,000,000 |  | $ 1,400,000,000 |  |  |

X
- Definition Debt instrument covenant, debt to tangible net worth ratio maximum. + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantDebtToTangibleNetWorthRatioMaximum
Namespace Prefix: | ari_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt instrument, covenant, debt to total assets maximum percentage. + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantDebtToTotalAssetsMaximumPercentage
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Interest Coverage Ratio, Minimum + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantInterestCoverageRatioMinimum
Namespace Prefix: | ari_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Liquidity Ratio Required, Minimum + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantLiquidityRatioRequiredMinimum
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Liquidity Required, Minimum, Amount + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantLiquidityRequiredMinimumAmount
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Net Cash Proceeds Of Additional Equity Issuances, Amount + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantNetCashProceedsOfAdditionalEquityIssuancesAmount
Namespace Prefix: | ari_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Tangible Net Worth, Percentage + References No definition available. + Details
Name: | ari_DebtInstrumentCovenantTangibleNetWorthPercentage
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Waiving Of Debt Service Payments, Term + References No definition available. + Details
Name: | ari_DebtInstrumentWaivingOfDebtServicePaymentsTerm
Namespace Prefix: | ari_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Secured debt arrangements weighted average haircut. + References No definition available. + Details
Name: | ari_SecuredDebtArrangementsWeightedAverageHaircut
Namespace Prefix: | ari_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

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 The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: 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)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of the fee for available but unused credit capacity under the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 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(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: 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_LineOfCreditFacilityCommitmentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) of the credit facility. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 Amount of the required periodic payment applied to interest. + 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_LineOfCreditFacilityPeriodicPaymentInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=ari_BarclaysSecuritizationMember
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: | srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ari_A2023RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=ari_BankOfAmericaNAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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