KKR Real Estate Finance Trust Investor Presentation Deck
Portfolio Details
#
Senior Loans (1)
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
10 Senior Loan
11 Senior Loan
Senior Loan
12
13
Senior Loan
14 Senior Loan
15 Senior Loan
16 Senior Loan
17 Senior Loan
18 Senior Loan
19
Senior Loan
20
Senior Loan
21
Senior Loan
22
Senior Loan
23
Senior Loan
24
Senior Loan
25
Senior Loan
26
Senior Loan
27
Senior Loan
28
Senior Loan
29
Senior Loan
30
Senior Loan
31
Senior Loan
32 Senior Loan
33 Senior Loan
34
Senior Loan
35 Senior Loan
Total / Weighted Average
Mezzanine Loans
HHEESSA ENH
Investment
4
9
Floating Rate Mezzanine
Fixed Rate Mezzanine (10)
Location
Brooklyn, NY
Chicago, IL
Arlington, VA
New York, NY
Boston, MA
Plano, TX
Various
Minneapolis, MN
Chicago, IL
Denver, CO
Irvine, CA
Philadelphia, PA
Washington, D.C.
Seattle, WA
Chicago, IL
Philadelphia, PA
New York, NY
Fort Lauderdale, FL
Various
1
2
Total / Weighted Average
CMBS
Total / Weighted Average
Portfolio Total / Weighted Average
3Q20 Outstanding Portfolio (8)
Boston, MA
West Palm Beach, FL
Portland, OR
San Diego, CA
New York, NY
State College, PA
Seattle, WA
Los Angeles, CA
New York, NY
Seattle, WA
Philadelphia, PA
Brooklyn, NY
Herndon, VA
Queens, NY
Austin, TX
Atlanta, GA
Westbury, NY
Various
*See footnotes on subsequent page
36
Property Type
Multifamily
Multifamily
Multifamily
Condo (Resi)
Office
Office
Multifamily
Office
Multifamily
Multifamily
Office
Office
Office
Office
Office
Office
Multifamily
Hospitality
Retail
Multifamily
Multifamily
Retail
Multifamily
Condo (Resi)
Student Housing
Multifamily
Multifamily
Multifamily
Office
Multifamily
Hospitality
Multifamily
Industrial
Multifamily
Multifamily
Multifamily
Retail
Investment
Date
5/22/2019
6/28/2019
6/28/2019
12/20/2018
5/23/2018
2/6/2020
5/31/2019
11/13/2017
6/6/2019
8/13/2019
11/15/2019
4/11/2019
12/20/2019
9/13/2018
7/15/2019
6/19/2018
12/5/2018
11/9/2018
12/19/2019
3/29/2019
11/7/2018
10/26/2015
2/3/2020
8/4/2017
10/15/2019
9/7/2018
12/11/2019
3/29/2018
3/20/2018
10/30/2018
1/18/2019
12/23/2019
7/21/2017
9/12/2019
8/9/2019
1/27/2020
6/8/2015
Committed
Principal Amount
$386.0
340.0
278.8
234.5
227.3
226.5
216.5
194.4
186.0
185.0
183.3
182.6
175.5
172.0
170.0
165.0
163.0
151.2
147.0
138.0
135.0
109.6
102.3
101.7
93.4
92.3
91.0
86.0
80.7
77.0
76.4
73.9
70.1
67.5
61.5
$5,441.0
20.0
5.5
$25.5
$40.0
$5,506.5
Current
Principal Amount
$379.0
334.6
270.5
196.5
207.3
182.8
208.5
191.8
179.5
169.4
161.1
154.4
59.2
168.0
131.2
164.1
148.0
141.2
102.2
137.0
131.6
109.6
102.3
101.7
69.6
92.3
91.0
86.0
80.7
77.0
76.4
73.0
66.7
67.5
61.5
$4,973.2
20.0
5.5
$25.5
$35.7
$5,034.4
Net
Equity (2)
$96.1
73.4
70.9
39.3
37.2
31.6
35.3
35.2
35.4
48.1
44.7
24.9
18.2
30.0
21.9
36.4
23.2
28.5
25.1
22.2
21.0
89.5
20.8
67.8
17.2
16.8
19.0
14.5
14.6
13.0
16.0
11.9
66.6
12.4
11.3
$1,190.0
19.9
0.9
$20.8
$35.7
$1,246.5
Future
Funding
(3)
$7.0
5.4
8.3
38.0
20.0
43.7
8.0
2.6
1.3
15.6
22.2
28.2
116.3
4.0
38.8
0.9
15.0
10.0
44.8
1.0
3.4
23.8
0.9
3.4
-
$462.6
$0.0
$4.3
$466.9
Coupon (4) (5)
L + 2.7%
L + 2.8%
L + 2.6%
L + 3.6%
L+2.4%
L + 2.7%
L + 3.5%
L + 3.8%
L+2.7%
L + 2.8%
L + 2.9%
L + 2.6%
L + 3.4%
L + 3.8%
L + 3.3%
L+2.5%
L + 2.6%
L + 2.9%
L + 2.6%
L + 2.7%
L + 2.9%
L + 5.5%
L + 3.3%
L + 4.7%
L + 2.7%
L + 2.6%
L + 2.8%
L + 2.6%
L + 3.6%
L + 2.7%
L + 2.9%
L + 2.5%
L + 3.0%
L + 2.5%
L + 3.0%
L + 3.0%
L + 9.0%
11.0%
11.0%
4.8%
4.8%
Max Remaining
Term (Yrs) (4) (6)
3.7
5.8
3.8
3.3
2.7
4.4
3.7
2.2
3.7
3.9
4.1
3.6
4.3
3.0
3.9
2.8
3.2
3.2
4.9
3.5
3.1
0.1
4.4
1.0
4.1
2.9
2.3
2.5
2.5
3.1
3.4
4.3
1.8
4.0
3.9
3.5
3.8
4.8
4.0
8.7
3.5
Loan Per
SF / Unit / Key
$ 442,278 / unit
$ 418,289 / unit
$ 243,698 / unit
$ 1,227 / SF
$ 447 / SF
$ 197 / SF
$ 194,882 / unit
$ 180 / SF
$364,837 / unit
$285,202 / unit
$ 264 / SF
$219/ SF
$ 290 / SF
$ 490 / SF
$ 126 / SF
$ 169 / SF
$ 556,391 / unit
$ 407,993 / key
$76 / SF
$ 351,282 / unit
$ 162,108 / unit
$ 101 / SF
$ 442,965 / unit
$ 1,720 / SF
$ 54,762 / bed
$ 515,571 / unit
$ 421,296 / unit
$ 462,366 / unit
$ 473 / SF
$ 150,980 / unit
$ 389,578 / key
$ 248,395 / unit
$ 117 / SF
$ 190,678 / unit
$ 170,833 / unit
$ 464,135 / unit
$ 45/ SF
(9)
LTV(4)(7)
51%
75%
70%
71%
68%
64%
74%
63%
74%
64%
66%
65%
58%
62%
59%
71%
67%
62%
55%
63%
73%
61%
71%
53%
64%
76%
72%
48%
61%
73%
69%
72%
64%
75%
74%
66%
66%
71%
67%
58%
66%
Risk
Rating
3
3
3
4
3
3
3
2
3
3
3
3
3
3
3
3
3
4
3
3
3
5
4
4
3
3
3
3
3
3
4
3
4
3
2
3.1
3
5
3.4
3.1
$5,034.4
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation