KKR Real Estate Finance Trust Results Presentation Deck
2Q'22 Loan Originations - Select Case Studies
Investment
Loan Type
Loan Size
Location
Collateral
Loan Purpose
LTV(4)
Investment Date
Asset Photos
Western U.S. Industrial
Floating-Rate Senior Loan
$252.3 million (1)
Western U.S.
Class A/B Industrial Portfolio
totaling 5.2 million SF
Refinance
64%
April 2022
National Industrial
Floating-Rate Senior Loan
$187.8 million (2)
National
Class A/B Industrial Portfolio
totaling 2.8 million SF
Refinance
50%
June 2022
hastrgall
(1) The total whole loan is $505 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 50% of the loan, or $252 million
(2) The total whole loan is $376 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 50% of the loan, or $188 million
(3) The total whole loan is $247 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 35% of the loan, or $86 million
LTV based on initial loan amount divided by the as-is appraised value as of the date the loan was originated
(4)
KREF
San Antonio Multifamily
Floating-Rate Senior Loan
$86.3 million (3)
San Antonio, TX
2,228-Unit Class B/B+
Multifamily Portfolio
Acquisition
68%
June 2022
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