Integrated Global Real Estate Platform
2Q '23
1Q '23
Portfolio Credit Quality Overview
Collected 99% of interest payments due on loan portfolio
Loan-to-Value(1)(2)
Risk Rating Distribution
22%
20%
31%
0 - 60%
60 - 65%
65 - 70%
23%
4%
I
Loan
Count
68
5
2
87%
0%
0%
70-75%
75 - 80%
1
2
3
Weighted Average LTV(³): 66%
29%
25%
21%
20%
9%
4%
4
Weighted Average Risk Rating (3): 3.2
Loan
Count
1
62
5
83%
5%
0%
<1%
0
- 60%
60 - 65%
65-70%
70-75%
75-80%
1
2
Weighted Average LTV(3): 65%
3
3
5
10%
7%
4
Weighted Average Risk Rating (3): 3.2
5
Note: The charts above are based on percentage of our loan portfolio
(1) LTV is generally 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,
except as noted in the footnotes to the "Portfolio Details" Summary in the Appendix
(2) Includes non-consolidated senior interests and excludes three 5 risk-rated loans
(3) Weighted average is weighted by current principal amount
KREF
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