June 18, 2021
Real Estate

Better Buy: Apollo Commercial Real Estate Finance vs. Starwood Property Trust

Apollo Commercial Real Estate Finance

Apollo Commercial originates and invests in senior notes, mezzanine loans, and other commercial real estate-related debt, having a portfolio of roughly $6.8 billion in loan amortization balances. As of Q1 2021, 84% of the company’s portfolio is senior loans and includes loans both in the United States and Western Europe. The company focuses on lending for properties in gateway markets, with a diversified portfolio of commercial properties. However, its largest underlying assets of its 67 loans are office (26%) and hotel (23%), two sectors that have been hit hard by the global pandemic. Its largest operating market is New York City, with roughly 35% of all loans being located there, followed by the UK, which makes up 22% of its portfolio. Both areas have had stringent COVID-19-related closures, although the company has not shared its explicit…

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