KKR Real Estate Finance Trust Results Presentation Deck
Hospitality Loans - Overview
Investment
Current Principal Amount
As % of Total KREF Portfolio
Loan Amount / Key
LTV(¹)
December 31, 2019
T12 Debt Yield (2)
December 31, 2019
T12 DSCR(3)
Financing
Asset Photos
Fort Lauderdale Hotel
$140.0 million
2.7%
$404,624
62%
9.5%
2.0x
Non MTM: CLO/ Term Loan Facility
Brooklyn Hotel
(1) LTV is based on initial loan amount divided by the as-is appraised value as of the date the loan was originated.
(2) T12 Debt Yield is calculated based on NOI net of FF&E reserves for the Trailing Twelve Months ended December 31, 2019.
(3) T12 DSCR is based on LIBOR calculated at the greater of (i) spot LIBOR of 1.76% at December 31, 2019 and (ii) the applicable LIBOR floor.
13
$76.0 million
1.5%
$387,755
69%
8.2%
1.6x
Non MTM: Asset Specific Financing
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REAL ESTATE
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