Company Overview

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities and other commercial real estate-related debt investments. We offer financing across a broad spectrum of commercial property types and geographies and at all points within a property's capital structure. Our ability to underwrite and structure complex transactions enables us to customize creative capital solutions for commercial real estate owners. As of September 30, 2017, our diversified loan portfolio had an amortized cost of $3.6 billion.

We are externally managed by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, LLC ("Apollo"), a leading global alternative investment manager. Since 2009, Apollo's real estate credit group has invested over $15.4 billion of capital into $19.5 billion of commercial real estate debt investments(1). We are led by an experienced team of senior real estate professionals, including Stuart Rothstein, who serves as our Chief Executive Officer and President and Scott Weiner, who serves as our Chief Investment Officer. Messrs. Rothstein and Weiner are supported by a team of senior executives who have significant experience in commercial property ownership and finance. We also draw upon the extensive transactional, financial, managerial and investment skills of Apollo's private equity, credit and real estate investment professionals. We believe our relationship with Apollo provides us with significant advantages in sourcing, evaluating, underwriting and managing investments.

Our principal business objective is to make investments in our target assets in order to generate attractive risk adjusted returns for our stockholders, primarily through dividends and secondarily through capital appreciation.

(1) As of September30, 2017