Apollo Commercial Real Estate Finance Q1 Earnings Call Highlights
Mironova also noted that only one commercial mortgage loan remains on the balance sheet: a non-accrual loan secured by a hotel property in Chicago with an amortized cost basis of $42 million and an upcoming May maturity. She said the company expects repayment through a sale of the underlying property, and that a purchase agreement was executed during the first quarter with “hard money deposits received by the sponsor.”Chief Financial Officer Anastasia Mironova added that the company repaid its secured borro ...