KKR Real Estate Finance Trust Investor Presentation Deck

Financing Overview: Term Credit Facilities ($ in Millions) Counterparty Drawn Capacity Collateral: Loans / Principal Balance Stated Maturity Weighted Average Pricing Weighted Average Advance Mark-to-market WELLS FARGO $414 $1,000 5 Loans / $654 November 2023 L + 1.4% 63.4% Credit Only (1) Facility capacity steps down to $240 million on October 30, 2020. (2) Facility benefits from a margin holiday through December 2020. (3) Based on principal balance of financing. 28 Morgan Stanley $419 $600 3 Loans / $568 December 2022 L + 1.8% 73.7% Credit Only Goldman Sachs $78 $400(1) 2 Loans / $161 October 2023 L + 1.9% 48.4% Credit Only (2) Property Type(3): Total / Weighted Average Retail 10% Office 12% $911 $2,000 10 Loans / $1,383 L + 1.6% 65.9% Student Condo 4% Housing 6% Multi- family 68% KKR REAL ESTATE FINANCE TRUST

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