KKR Real Estate Finance Trust Results Presentation Deck
Case Studies: Watch List Loans (Risk Rating 4 or 5)
Investment
Loan Type
Investment Date
Collateral
Loan Purpose
Location
Committed Amount
Current Principal Amount
Loan Basis
Coupon
LTV(¹)
Max Remaining Term (Yrs.)
Loan Risk Rating
Philadelphia Office
Floating-Rate Senior Loan
April 2019
4-Building, 711k RSF Office Portfolio
Acquisition
Philadelphia, PA
$183 million
$157 million
$220 / SF
LIBOR + 2.6% (4.9% Coupon Floor)
68%
1.9
4
Philadelphia Office
Floating-Rate Senior Loan
June 2018
2-Building, 978k RSF Office Portfolio
Acquisition
Philadelphia, PA
$161 million
$161 million
$165 / SF
SOFR + 3.45% (4.2% Coupon Floor)
71%
1.0
4
(1) LTV is based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated or by the current principal amount as of the date of the most recent as-is appraised value
KREF
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