KKR Real Estate Finance Trust Investor Presentation Deck
Case Studies: Largest Three Industrial Loans
Investment
Loan Type
Investment Date
Collateral
Location
Committed Amount
Current Principal Amount
Basis
Coupon (¹)
LTV(2)
Max Remaining Term (Yrs.)
Asset Photos
Western U.S. Industrial Portfolio
Floating-Rate Senior Loan
April 2022
14 Class A/B Industrial Properties
Totaling 5.2mm SF
Various
$252 million (3)
$252 million
$98 / SF
+2.7%
64%
4.6
Bronx Industrial
Floating-Rate Senior Loan
August 2021
1.38mm RSF, Two-Story, Class A
Distribution and Parking Facility
Bronx, NY
$229 million (4)
$138 million
$277/ SF
+ 4.1%
52%
3.9
(1) Coupon expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable for each loan
LTV based on initial loan amount divided by the as-is appraised value as of the date the loan was originated
(2)
(3) The total whole loan is $504.5 million, co-originated by the Company and KKR affiliates. The Company's interest is 50.0% of the loan
(4)
(5)
U.S. Industrial Portfolio
Floating-Rate Senior Loan
June 2021
Class A Industrial Buildings
Throughout Select U.S. Markets
Various
$213 million (5)
$47 million (5)
$163/ SF
+ 5.5%
AKERBAL
67%
3.8
*******
18.01
The total whole loan is $381.2 million, co-originated by the Company and a KKR affiliate. The Company's interest is 60.0% of the loan
The total whole loan is $425.0 million, co-originated by the Company and a KKR affiliate. The Company's interest is 50.0% of the loan The facility is comprised of individual cross-collateralized whole loans.
As of September 30, 2022, there were eight underlying senior loans in the facility with a commitment of $98.4 million and outstanding principal of $47.0 million
KREF
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