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Apollo Commercial Real Estate Finance unit enters master repurchase agreement

ApolloCommercial Real Estate Finance Inc. unit ACREFI Holdings DB LLCentered into a master repurchase agreement with Deutsche Bank AG’s CaymanIslands branch.

The agreement provides for a maximum aggregate purchaseprice of $300 million for the purchase, sale and repurchase of eligible wholemortgage loans or senior interests in whole mortgage loans secured by firstmortgage liens on commercial or multifamily properties, or other assets ofACREFI Holdings DB approved by the bank.

Advances under the agreement accrue interest at a per annumpricing rate equal to the sum of the applicable LIBOR plus an applicablespread, and have a maturity date of Sept. 29, 2017, subject to two one-yearextension options, exercisable at the option of ACREFI Holdings DB subject tocertain conditions and the payment of a fee.