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          "text": "(1) Senior loans include senior mortgages and similar credit quality investments, including junior participations in our originated senior loans for which we have syndicated the senior participations and retained the junior participations for our portfolio and excludes vertical loan syndications.\nFor Senior Loan 14, the total whole loan is $375.0 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 50% of the loan or $187.5 million, of which a $150.0 million senior note was syndicated to a third party lender. Post syndication, KREF retained a mezzanine loan with a total commitment of $37.5 million, fully funded as of September 30, 2022, at an interest rate of L + 7.9%.\nFor Senior Loan 21, the total whole loan is $509.9 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 31% of the loan or $159.7 million, of which $134.7 million in senior notes were syndicated to third party lenders. Post syndication, KREF retained a mezzanine loan with a total commitment of $25.0 million, of which $20.2 million was funded as of September 30, 2022, at an interest rate of L + 12.9%.",
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          "beatType": {
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            "slug": "monroes-sequence-action",
            "status": "active",
            "canonId": "019dd9b8-181e-760d-befc-010c2424fa89",
            "version": 1,
            "description": null
          },
          "evidence": "The document concludes with appendix and definitions",
          "position": 3,
          "isPrimaryArc": true,
          "parentBeatType": {
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            "status": "active",
            "canonId": "019dd9b8-045d-703b-8dd7-e92aba3ba91b",
            "version": 1,
            "description": "How the deck ends. Required in 19/20 arcs. The exception (Sparkline) ends with new bliss which is functionally a resolution."
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      "loops": [],
      "locked": true
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      "description": "The document starts with an overview and highlights of the company's performance"
    },
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      "to": 9,
      "label": "Need",
      "description": "The document provides financial summaries and loan activity details"
    },
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      "label": "Satisfaction",
      "description": "The document showcases the company's portfolio quality and financing overview"
    },
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      "label": "Action",
      "description": "The document concludes with appendix and definitions"
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      "label": "Logic Chain",
      "description": "To understand the company's financial performance"
    },
    {
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      "to": 20,
      "label": "Cost Of Inaction",
      "description": "To highlight the portfolio's positioning for a higher rate environment"
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  ]
}