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 ...

Apollo Commercial Real Estate Finance Q1 Earnings Call Highlights - Reportify