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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 43 slides",
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  "authorName": "KKR Real Estate Finance Trust",
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  "presentationDate": "2023-02-01 00:00:00",
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      "text": "Leverage Ratios\n2.0x\n3.8x\nDebt-To-Equity Ratio (3)\nTotal Leverage Ratio (4)",
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      "text": "Outstanding Secured Financing(5)\nSenior Loan Interests. 4%\nTerm Credit Facilities 23%\nCollateralized Loan Obligation 31%\nTerm Lending Agreements 22%\nAsset Specific. Financing 5%\nSecured Term. Loan 5%\nTerm Loan Facility 10%\nNon-Mark-to-Market 77%",
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      "text": "KREF",
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      "text": "(1) Weighted average coupon expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable to each financing\n(2) Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions\n(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities), secured term loan and convertible notes, less cash to (ii) total permanent equity, in each case, at period end\n(4) Represents (i) total outstanding debt agreements, secured term loan, convertible notes, 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, including non-consolidated senior interests, which result from non-recourse sales of senior loan interest in loans KREF originated, and excludes convertible notes and the corporate revolving credit facility",
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      "kind": "paragraph",
      "text": "Diversified financing sources totaling $9.1 billion with $2.9 billion of undrawn capacity",
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      "text": "Summary of Outstanding Financing\n($ in Millions)\nMaximum Capacity\nOutstanding Face Amount\nWeighted Avg. Coupon (1)\nAdvance Rate\nNon-MTM\nTerm Credit Facilities $1,840 $1,436 +1.8% 68.5% (2)\nTerm Lending Agreements $1,881 $1,391 +1.8% 75.6%\nAsset Specific Financing $791 $311 +2.4% 79.9%\nWarehouse Facility $500 $0 n/a n/a\nSecured Term Loan $347 $347 +3.5%\nConvertible Notes $144 $144 6.1%\nCorporate Revolving Credit Facility $610 $0 n/a\nTotal Debt $6,112 $3,629\nTerm Loan Facility $1,000 $632 +1.8% 80.4%\nCollateralized Loan Obligations $1,943 $1,943 +1.5% 84.5%\nTotal Leverage $9,055 $6,204",
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      "text": "Financing Overview: 77% Non-Mark-To-Market",
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