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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 42 slides",
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  "presentationDate": "2020-11-01 00:00:00",
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      "text": "Leverage Ratios\n1.9x\n0.1x\n1.8x\nDebt-to-Equity Ratio (3)\n3.8x\n0.2x\n3.6x\nTotal Leverage Ratio (4)\nCECL Impact\nPre-CECL",
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      "text": "KKR\nREAL ESTATE\nFINANCE TRUST",
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      "text": "(1) Includes $143.6 million of Non-Consolidated Senior Interests, which result from non-recourse sales of senior loan interest in loans KREF originated.\n(2) Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions.\n(3) Represents (i) facilities outstanding face amount (excluding non-recourse term loan facility), secured term loan, and convertible notes less cash to (ii) total permanent equity, in each case, at period end.\n(4) Represents (i) facilities outstanding face amount, secured term loan, convertible notes, loan participations sold (excluding vertical loan syndications), non-consolidated senior loan interests, and collateralized loan obligation less cash to (ii) total permanent equity, in each case, at period end.\n(5) Based on outstanding face amount of secured financing and excludes convertible notes and the corporate revolving credit facility.",
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      "text": "Summary of Outstanding Financing\n($ in Millions)\nMaximum Capacity\nOutstanding Face Amount\nWeighted Avg. Coupon\nAdvance Rate\nNon-MTM\nTerm Credit Facilities $2,000 $911 L+1.6% 65.9% (2)\nTerm Lending Agreement $900 $900 L+1.9% 81.2%\nWarehouse Facility $500 $0 n/a n/a\nAsset Specific Financing $300 $60 L+1.7% 78.9%\nSecured Term Loan $300 $300 L+4.8%\nConvertible Notes $144 $144 6.1%\nCorporate Revolving Credit Facility $335 $0 L+2.0%\nTotal Corporate Obligations $4,479 $2,315\nTerm Loan Facility $1,000 $982 L+1.6% 82.4%\nCollateralized Loan Obligation $810 $810 L+1.4% 81.0%\nSenior Loan Interests(1) $144 $144 L+1.6% 80.0%\nTotal Leverage $6,433 $4,251",
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