{ "docId": "019de514-5354-7719-89f0-dd3f757a5be9", "docSlug": "c05af1d55ccc893cbee2bb29d58a6fc7", "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 25 slides", "authorId": "kkr-real-estate-finance-trust", "authorName": "KKR Real Estate Finance Trust", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 19, "pageCount": 25, "prevPage": 18, "nextPage": 20, "slideType": "other", "function": "other", "density": "overcrowded", "nDataPoints": 1000, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de514-5354-7719-89f0-dd3f757a5be9/19", "deckHref": "/decks/019de514-5354-7719-89f0-dd3f757a5be9", "deckJsonHref": "/decks/019de514-5354-7719-89f0-dd3f757a5be9.json", "deckAnchorHref": "/decks/019de514-5354-7719-89f0-dd3f757a5be9#slide-19", "components": [ { "bbox": { "h": 0.04, "w": 0.1, "x": 0.05, "y": 0.93 }, "kind": "image", "text": "KREF", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "74438d9c-0dce-4b2e-a7ee-f875ca6d198f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.12, "x": 0.05, "y": 0.13 }, "kind": "paragraph", "text": "($ in Millions)", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "94ac33c9-9e71-4642-b8bc-6b72848071bf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.2, "x": 0.05, "y": 0.92 }, "kind": "source-note", "text": "*See footnotes on subsequent page", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4793d378-186b-4633-a36c-ee6986d2ee9b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.75, "w": 0.89, "x": 0.05, "y": 0.17 }, "kind": "table", "text": "Senior Loans (1)\n# Investment Location Property Type Investment Date Total Whole Loan (2) Committed Principal Amount (2) Current Principal Amount Net Equity (3) Future Funding (4) Coupon (5)(6) Max Remaining Term (Yrs) (5)(7) Loan Per SF / Unit / Key (8) LTV (5)(9) Risk Rating\n51 Senior Loan Scottsdale, AZ Multifamily 5/9/2022 169.0 84.5 84.5 12.8 - + 2.9% 4.7 $ 457,995 / unit 64% 3\n52 Senior Loan Raleigh, NC Multifamily 4/27/2022 82.9 82.9 77.3 15.5 5.6 + 3.0% 4.6 $ 241,488 / unit 68% 3\n53 Senior Loan Hollywood, FL Multifamily 12/20/2021 81.0 81.0 81.0 14.8 - + 3.0% 4.3 $ 327,935 / unit 74% 3\n54 Senior Loan Seattle, WA Office 3/20/2018 80.7 80.7 80.7 13.2 - + 4.1% 0.5 $ 468 / SF 56% 3\n55 Senior Loan Phoenix, AZ Single Family Rental 4/22/2021 72.1 72.1 32.6 15.4 39.5 + 4.8% 3.6 $ 157,092 / unit 50% 3\n56 Senior Loan Arlington, VA Multifamily 10/23/2020 141.8 70.9 70.9 11.7 - + 3.8% 3.0 $ 393,858 / unit 73% 3\n57 Senior Loan Denver, CO Multifamily 9/14/2021 70.3 70.3 69.6 11.4 0.7 + 2.7% 4.0 $ 287,596 / unit 78% 3\n58 Senior Loan Washington, D.C. Multifamily 12/4/2020 69.0 69.0 66.4 10.6 2.6 + 3.5% 3.2 $ 265,617 / unit 63% 3\n59 Senior Loan Dallas, TX Multifamily 8/18/2021 68.2 68.2 68.2 9.9 - + 3.9% 3.9 $ 189,444 / unit 70% 3\n60 Senior Loan Manassas Park, VA Multifamily 2/25/2022 68.0 68.0 68.0 13.2 - + 2.7% 4.4 $ 223,684 / unit 73% 3\n61 Senior Loan Plano, TX Multifamily 3/31/2022 67.8 67.8 65.0 17.9 2.8 + 2.8% 4.5 $ 244,451 / unit 75% 3\n62 Senior Loan Nashville, TN Hospitality 12/9/2021 66.0 66.0 64.7 10.3 1.3 + 3.6% 4.3 $ 281,237 / key 68% 3\n63 Senior Loan Atlanta, GA Multifamily 12/10/2021 61.5 61.5 57.3 15.3 4.2 + 3.0% 4.3 $ 189,893 / unit 67% 3\n64 Senior Loan Durham, NC Multifamily 12/15/2021 60.0 60.0 52.2 10.4 7.8 + 3.0% 4.3 $ 151,263 / unit 67% 3\n65 Senior Loan San Antonio, TX Multifamily 4/20/2022 57.6 57.6 55.8 10.6 1.8 + 2.7% 4.6 $ 163,277 / unit 79% 3\n66 Senior Loan Sharon, MA Multifamily 12/1/2021 56.9 56.9 56.9 8.3 - + 2.8% 4.2 $ 296,484 / unit 70% 3\n67 Senior Loan Queens, NY Industrial 2/22/2022 55.3 55.3 52.4 13.3 2.9 + 4.0% 1.4 $ 85 / SF 68% 3\n68 Senior Loan Reno, NV Industrial 4/28/2022 140.4 50.5 50.5 11.1 - + 2.7% 4.6 $ 117 / SF 74% 3\n69 Senior Loan Carrollton, TX Multifamily 4/1/2022 48.5 48.5 44.9 13.0 3.6 + 2.9% 4.5 $ 140,288 / unit 74% 3\n70 Senior Loan Dallas, TX Multifamily 4/1/2022 43.9 43.9 39.5 10.4 4.4 + 2.9% 4.5 $ 110,895 / unit 73% 3\n71 Senior Loan Georgetown, TX Multifamily 12/16/2021 41.8 41.8 41.8 10.1 - + 3.4% 4.3 $ 199,048 / unit 68% 3\n72 Senior Loan San Diego, CA Multifamily 4/29/2022 203.0 40.0 38.9 6.5 1.1 + 2.6% 4.6 $ 446,056 / unit 63% 3\n73 Senior Loan (11) New York, NY Condo (Resi) 8/4/2017 20.1 20.1 20.1 20.1 - + 4.2% 0.6 $ 942 / SF 73% 3\n74 Senior Loan Denver, CO Industrial 12/11/2020 15.4 15.4 7.3 3.1 8.1 + 3.8% 3.3 $ 47 / SF 61% 3\nTotal / Weighted Average $13,051.6 $9,245.8 $7,570.9 $1,900.6 $1,649.5 + 3.3% 3.4 67% 3.1\nNon-Senior Loans\n1 Real Estate Corporate Loan (12) n.a. Multifamily 12/11/2020 100.0 40.0 40.0 39.6 - + 12.0% 3.2 n/a n.a. 3\nTotal / Weighted Average $100.0 $40.0 $40.0 $39.6 $0.0 + 12.0% 3.2 n.a. 3.0\nCMBS B-Pieces\n1 RECOP (13) Various Various 2/13/2017 n.a. 40.0 35.7 35.7 4.3 4.8% 6.7 n.a. 58% n.a.\nTotal / Weighted Average $40.0 $35.7 $35.7 $4.3 4.8% 6.7 58%\nReal Estate Owned\n1 Real Estate Asset Portland, OR Retail 12/16/2021 n.a. n.a. 79.7 79.7 n.a. n.a. n.a. n.a. n.a. n.a.\nTotal / Weighted Average $79.7 $79.7\nPortfolio Total / Weighted Average $9,325.8 $7,726.2 $2,055.6 $1,653.8 6.5% 3.5 67% 3.1", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1c8e34c6-e708-4579-9b6f-2a453c026969", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.42, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "Portfolio Details", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3cf87f60-5c49-4d9f-a1ae-6afeb26bc2ed", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "f5b807d6-14df-496e-aac7-ae800e50961c", "evidence": "table/data: Senior Loans (1) # Investment Location Property Type Investment Date Total Whole Loan (2) Committed Principal Amount (2) Current Principal Amount Net Equity (3) Future Funding (4) Coupon (5)(6) Max Remaining", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 25, "from": 17, "beatId": "a82c10cb-045a-4147-bd4f-fcac4c8ac112", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The document concludes with appendix and definitions", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 20, "from": 16, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "47585618-16e1-4b4c-838c-749efe272ad2", "evidence": "The document emphasizes the portfolio's resilience in a changing market", "position": 1, "objective": "To highlight the portfolio's positioning for a higher rate environment", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }