{"id":1004154650,"date":"2016-10-06T01:18:31","date_gmt":"2016-10-06T09:18:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004154650"},"modified":"2020-05-18T13:15:43","modified_gmt":"2020-05-18T21:15:43","slug":"whirlwind-of-activity-for-apollo-commercial","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/whirlwind-of-activity-for-apollo-commercial\/","title":{"rendered":"Whirlwind of Activity for Apollo Commercial"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/p>\n

\"Lobby<\/a>

Lobby of the DoubleTree by Hilton Times Square West<\/p><\/div>\n

New York\u2014<\/strong>Apollo Commercial Real Estate Finance<\/a> has been quite busy of late. The debt investments REIT recently closed four loan transactions worth a total of $325.5 million.<\/p>\n

Talk about diversity, Apollo\u2019s recent activities covered a lot of ground in terms of property types. Apollo provided a $105 million first mortgage loan secured by the brand-new, 612-key DoubleTree Times Square West hotel in Manhattan. The company financed another New York City asset, closing a $7.5 million first mortgage loan collateralized by a 6,500-square-foot retail property in Brooklyn. But it wasn\u2019t all about the Big Apple.<\/p>\n

Outside Washington, D.C., in Manassas, Va., Apollo completed an $80 million first mortgage loan secured by a data center<\/a> that will soon get underway. Much of the property has already been pre-leased to a credit tenant under a long-term agreement. And with a 735,000-square-foot office building in Chicago<\/a> as collateral, the REIT closed a $133 million first mortgage loan for the redevelopment of the tower into a mixed-use destination.<\/p>\n

\u201cOver the past few months, ARI built a strong pipeline of commercial real estate debt investments<\/a> in anticipation of the approximately $400 million of investable capital the company generated from the acquisition of Apollo Residential Mortgage Inc. and the subsequent sale of AMTG assets. As a result, ARI had a very active September,\u201d Scott Weiner, CIO of Apollo Commercial Real Estate Finance Inc., said in a prepared statement.<\/p>\n

There\u2019s more. Apollo just entered into a master repurchase agreement with Deutsche Bank AG to provide a credit facility of as much as $300 million of advances related to the financing of first mortgage loans. The facility comes with a one-year term and the option for two one-year extensions. And the news just keeps on coming. Apollo also reported that over the last couple of months, loan repayments and condominium sales have yielded the REIT $122.9 million. To top it off, the company has also agreed to acquire Apollo Residential Mortgage for roughly $641 million, as previously reported by Commercial Property Executive<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The REIT recently closed four loan transactions totaling $326 million in New York City, Chicago and D.C.<\/p>\n","protected":false},"author":969,"featured_media":1004154658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21755,21808,21825,21751,21783,11,21752,23891,1600,21742,10,21747,1615],"tags":[],"class_list":["post-1004154650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-data-centers","category-featured","category-finance","category-hotel","category-investment","category-midatlantic","category-mixed-use","category-national","category-new-york","category-latest","category-northeast","category-office","category-washington-dc"],"acf":[],"yoast_head":"\nWhirlwind of Activity for Apollo Commercial - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/whirlwind-of-activity-for-apollo-commercial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whirlwind of Activity for Apollo Commercial\" \/>\n<meta property=\"og:description\" content=\"The REIT recently closed four loan transactions totaling $326 million in New York City, Chicago and D.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/whirlwind-of-activity-for-apollo-commercial\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-06T09:18:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T21:15:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DT_lobby_677x380_FitToBoxSmallDimension_Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"677\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/whirlwind-of-activity-for-apollo-commercial\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/whirlwind-of-activity-for-apollo-commercial\/\",\"name\":\"Whirlwind of Activity for Apollo Commercial - 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