Ft Lauderdale, Florida 3/31/2010 7:00:00 AM
News / Business

Apollo Commercial Real Estate Finance Complete Origination of $26 Million First Mortgage

 

Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) has completed the origination of a $26.0 million first mortgage secured by a full-service hotel in the greater Washington D.C. area. The $26.0 million loan is a 5-year fixed rate loan that will hold a 9.00% interest rate amortizing on a 25-year scheduled and will represent an approximate loan-to-value of 58%.

 

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Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a commercial real estate finance company focused primarily on originating, investing in, acquiring and managing senior performing commercial real estate mortgage loans, CMBS, and other commercial real estate-related debt investments in the U.S. 

 

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