Integrated Global Real Estate Platform
Financing Overview: 76% Non-Mark-To-Market
Diversified financing sources totaling $8.9 billion with $2.8 billion of undrawn capacity
Summary of Outstanding Financing
Leverage Ratios
4.0x
2.2X
Debt-To-Equity
Ratio (3)
Total Leverage
(4)
Ratio
Outstanding Financing(5)
Maximum
Outstanding
($ in Millions)
Capacity
Face Amount
Weighted Avg. Advance
Coupon (1)
Non-
Rate
MTM
Term Credit Facilities
$2,000
$1,550
+1.9%
67.7%
(2)
Term Lending Agreements
$2,046
$1,438
+1.8%
77.7%
Warehouse Facility
$500
$0
n/a
n/a
Secured Term Loan
$345
$345
+3.6%
Corporate Revolving
$610
$50
+2.0%
Credit Facility
Total Debt
$5,501
$3,383
Collateralized Loan
$1,943
$1,943
+1.6%
84.5%
Obligations
Term Loan Facility
$1,000
$566
+1.9%
80.0%
Revolver
1%
Asset Specific
Asset Specific Financing
$491
$220
+2.9%
82.7%
3%
Total Leverage
$8,935
$6,112
Senior Loan
Interests
4%
Term Credit
Facilities
24%
Collateralized
Loan Obligations
30%
Term Loan,
Facility
Term Lending
Agreements
23%
9%
Secured Term Loan
5%
Weighted average coupon expressed as spread over Term SOFR
Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions
Represents (i) total outstanding debt agreements (excluding non-recourse facilities), and secured term loan, less cash to (ii) total permanent equity, in each case, at period end
Represents (i) total outstanding debt agreements, secured term loan, and collateralized loan obligation, less cash to (ii) total permanent equity, in each case, at period end
Based on outstanding face amount of secured financing, including non-consolidated senior interests, that resulted from non-recourse sales of senior loan interest in loans KREF originated
(1)
(2)
(3)
(4)
(5)
KREF
Non-Mark-
to-Market
76%
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