Integrated Global Real Estate Platform
Case Studies: Watch List Loans (Risk Rating 4)
Investment
Washington, D.C. Office
Boston Office
Loan Type
Investment Date
Washington, D.C. Office
Chicago Office
West Hollywood
Multifamily
Floating-Rate Senior Loan Floating-Rate Senior Loan Floating-Rate Senior Loan Floating-Rate Senior Loan Floating-Rate Senior Loan
January 2022
Collateral
November 2021
February 2021
December 2019
July 2019
Class-A Office totaling
357k SF
Class-A Office totaling
741k SF
Class-A Office totaling
204k SF
Class-A Office totaling
1.0 million SF
37-unit Class-A
Multifamily
Loan Purpose
Refinance
Refinance
Refinance
Refinance
Location
Washington, D.C.
Boston, MA
Washington, D.C.
Chicago, IL
Refinance
West Hollywood, CA
Committed
$188 million
$188 million (1)
$176 million
Amount
$150 million
$107 million
Current Principal
$175 million
$188 million (1)
$162 million
Amount
$118 million
$102 million
Loan Basis
$489 / SF
$506 / SF
$792 / SF
$114 / SF
$2,756,757 / unit
Coupon
+ 3.4%
+ 3.4%
+ 3.5%
+ 3.3%
+ 3.1%
Max Remaining
3.4
2.6
1.5
1.1
3.6
Term (Yrs.)
Loan Risk Rating
4
4
4
4
4
(1)
Amounts include $150 million of non-consolidated senior interest. KREF's retained mezzanine position is $38 million
KREF
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