0000000000-23-011755.txt : 20231213 0000000000-23-011755.hdr.sgml : 20231213 20231026113611 ACCESSION NUMBER: 0000000000-23-011755 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231026 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Apollo Commercial Real Estate Finance, Inc. CENTRAL INDEX KEY: 0001467760 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 270467113 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: C/O APOLLO GLOBAL MANAGEMENT, LLC STREET 2: 9 WEST 57TH STREET, 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 515-3200 MAIL ADDRESS: STREET 1: C/O APOLLO GLOBAL MANAGEMENT, LLC STREET 2: 9 WEST 57TH STREET, 43RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 PUBLIC REFERENCE ACCESSION NUMBER: 0001467760-23-000004 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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filename2.txt United States securities and exchange commission logo October 26, 2023 Anastasia Mironova Chief Financial Officer Apollo Commercial Real Estate Finance, Inc. c/o Apollo Global Management, Inc. 9 West 57th Street , 42nd Floor New York , NY 10019 Re: Apollo Commercial Real Estate Finance, Inc. Form 10-K for the year ended December 31, 2022 Response dated October 12, 2023 File No. 001-34452 Dear Anastasia Mironova: We have reviewed your October 12, 2023 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 29, 2023 letter. Form 10-K for the year ended December 31, 2022 Item 8. Financial Statements and Supplementary Data Note 4 - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net Risk Rating, page 69 1. We note your response to prior comment 2. Please tell us what consideration was given to providing discussion in your Management s Discussion and Analysis of Financial Condition and Results of Operations to further enhance a reader's understanding of your perspective of assessing risk factors of your loan portfolio and assigning a risk rating. For example, further discussion may include providing a range of loan-to-value ratios of your loan portfolio or whether any factors are more indicative of assigned risk to loans. Please refer to Item 303(a) of Regulation S-K. Anastasia Mironova Apollo Commercial Real Estate Finance, Inc. October 26, 2023 Page 2 Please contact Eric McPhee at 202-551-3693 or Isaac Esquivel at 202-551-3395 if you have questions regarding comments on the financial statements and related matters. FirstName LastNameAnastasia Mironova Sincerely, Comapany NameApollo Commercial Real Estate Finance, Inc. Division of Corporation Finance October 26, 2023 Page 2 Office of Real Estate & Construction FirstName LastName