Apollo Raises Extra $300M for RE Debt Fund

Apollo Real Estate Advisors, New York, has announced the raising of more than $300 million of additional capital for its debt investment fund, Apollo Real Estate Finance Corp. Apollo said it increased overall capital for the fund from $621 million to $930 million through the formation of AREFIN Co-Investment Corp. The fund originates loans for development, redevelopment, and repositioning and invests in whole loans, B-notes, and mezzanine loans. Bradford Wildauer, an Apollo partner who oversees the firm's U.S. debt investments, said the new entity was formed to accommodate the growing deal flow and to handle loan commitments of up to $250 million. "The new vehicle gives us the ability and the flexibility to handle large portfolio transactions," he said. Apollo can be found on the Web at http://www.apollorealestate.com.