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Apollo Commercial Real Estate increases credit facilities

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Apollo Commercial Real Estate increases credit facilities

Apollo Commercial Real Estate Finance Inc. amended and restated a master repurchase agreement with JPMorgan Chase Bank NA, which the company uses to finance first mortgage loans.

The amendment increases the company's borrowing capacity to $975 million from $800 million and extends the maturity date, including extension options to March 2020 from January 2019.

Apollo Commercial Real Estate also amended and restated a master repurchase agreement with Deutsche Bank AG. The amendment increases the company's borrowing capacity to $450 million from $300 million, plus £45.0 million, and extends the maturity date, including extension options to March 2020, from September 2019.

The company also said it recently closed four loan transactions totaling $261 million, bringing total transaction volume to $455 million for the year.