KREF Liquidity and Portfolio Overview
KREF Office Loan Portfolio Overview
Just under half of the outstanding principal balance of KREF's Office segment is Risk-Rated 3
KREF Office Loan Portfolio
Office Portfolio Breakdown
5-Rated
Office
27%
3-Rated
Office
41%
4-Rated
Office
32%
Risk-Rated 3 or Better Office Assets
Location
Investment
Date
Mountain View, CA
Jul-21
Loan
Purpose
Acquisition
Current
Commitment
Current
Principal
($ Millions) ($ Millions)
Loan
per SF
Max Term
(Years)
$250.0
$200.9
$654
2.9
Minneapolis, MN
Nov-17
Refinance
199.4
194.4
182
1.8
Philadelphia, PA Apr-19
Risk-Rated 5: Total / Weighted Average
Acquisition
176.7
155.8
218
0.1
$626.1
$551.1
1.7
Washington, D.C.
Nov-21
Refinance
187.7
175.5
492
3.2
Boston, MA
Washington, D.C.
Feb-21
Refinance
187.5
187.5
506
2.4
Dec-19 Recapitalization
175.5
169.2
828
1.3
Oakland, CA
Risk-Rated 4: Total / Weighted Average
$550.7
$532.3
2.3
Bellevue, WA
Sep-21
Construction
260.4
172.9
855
3.5
Plano, TX
Feb-20
Refinance
150.7
150.7
208
1.4
Dallas, TX
Dec-21
Refinance
138.0
138.0
439
3.2
Philadelphia, PA
Jun-18
Refinance
116.5
112.6
115
3.4
Chicago, IL
Jul-19
Refinance
105.0
88.4
85
4.9
Washington, D.C.
Jan-22
Refinance
100.0
61.5
225
4.4
Dallas, TX
Jan-21
Acquisition
87.0
87.0
294
2.4
Oakland, CA
Oct-20
Acquisition
64.4
44.5
137
2.1
Risk-Rated 2 & 3: Total / Weighted Average
$1,022.0
$855.6
3.1
Grand Total/Weighted Average
$2,198.8
$1,938.9
2.5
Bellevue, WA
Chicago, IL
Philadelphia, PA
Dallas, TX
Plano, TX
Dallas, TX
Washington, D.C.
Note:
$ in Millions. The charts above are based on total assets. Total assets reflect the principal amount of our loan portfolio. Commitment amount includes participations by KKR affiliated entities and third parties
that are syndicated / sold. Weighted average is weighted by the current principal amount. Loan Per SF is based on the current principal amount divided by the current SF. For the Bellevue, WA loan, Loan Per SF
is calculated as the total commitment amount of the loan divided by the proposed SF. Max remaining term (years) assumes all extension options are exercised, if applicable
KREF
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