<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001866650</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>
</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0001467760</issuerCik>
<issuerName>Apollo Commercial Real Estate Finance, Inc.</issuerName>
<secFileNumber>001-34452</secFileNumber>
<issuerAddress>
<street1 xmlns="http://www.sec.gov/edgar/common">9 West 57th Street, 42nd Floor</street1>
<city xmlns="http://www.sec.gov/edgar/common">New York</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">10019</zipCode>
</issuerAddress>
<issuerContactPhone>212-515-3200</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Whonder Carmencita N.M.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Director</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>Wells Fargo Securities, LLC</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">1525 West WT Harris Blvd</street1>
<city xmlns="http://www.sec.gov/edgar/common">Charlotte</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">NC</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">28262</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>11000</noOfUnitsSold>
<aggregateMarketValue>109522.6</aggregateMarketValue>
<noOfUnitsOutstanding>138871188</noOfUnitsOutstanding>
<approxSaleDate>03/04/2025</approxSaleDate>
<securitiesExchangeName>NYSE</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>04/03/2023</acquiredDate>
<natureOfAcquisitionTransaction>Restricted stock issued under an S-8 registered plan</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>10338</amountOfSecuritiesAcquired>
<paymentDate>04/03/2023</paymentDate>
<natureOfPayment>Equity compensation for services rendered</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>04/01/2022</acquiredDate>
<natureOfAcquisitionTransaction>Restricted stock issued under an S-8 registered plan</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>662</amountOfSecuritiesAcquired>
<paymentDate>04/01/2022</paymentDate>
<natureOfPayment>Equity compensation for services rendered</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<noticeSignature>
<noticeDate>03/06/2025</noticeDate>
<signature>/s/ Carmencita N.M. Whonder</signature>
</noticeSignature>
</formData>
</edgarSubmission>
