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  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 24 slides",
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  "authorName": "KKR Real Estate Finance Trust",
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  "presentationDate": "2023-04-01 00:00:00",
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      "kind": "chart",
      "text": "Leverage Ratios\n2.2x Debt-To-Equity Ratio (3)\n4.0x Total Leverage Ratio (4)",
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      "text": "Outstanding Financing (5)\nAsset Specific 3%\nTerm Credit Facilities 24%\nCollateralized Loan Obligations 30%\nSenior Loan Interests 4%\nTerm Loan Facility 10%\nTerm Lending Agreements 24%\nSecured Term Loan 5%\nNon-Mark-to-Market 76%",
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      "kind": "paragraph",
      "text": "Diversified financing sources totaling $9.0 billion with $2.7 billion of undrawn capacity",
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      "text": "(1) Weighted average coupon expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable to each financing\n(2) Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions\n(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities), secured term loan and convertible notes, less cash to (ii) total permanent equity, in each case, at period end\n(4) Represents (i) total outstanding debt agreements, secured term loan, convertible notes, and collateralized loan obligation, less cash to (ii) total permanent equity, in each case, at period end\n(5) Based on outstanding face amount of secured financing, including non-consolidated senior interests, which result from non-recourse sales of senior loan interest in loans KREF originated, and excludes convertible notes",
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      "text": "Summary of Outstanding Financing\n($ in Millions) Maximum Capacity Outstanding Face Amount Weighted Avg. Coupon (1) Advance Rate Non-MTM\nTerm Credit Facilities $1,840 $1,529 +1.8% 68.9% (2)\nTerm Lending Agreements $2,167 $1,537 +1.8% 75.7\nWarehouse Facility $500 $0 n/a n/a\nSecured Term Loan $346 $346 +3.5%\nConvertible Notes $144 $144 6.1%\nCorporate Revolving Credit Facility $610 $0 n/a\nTotal Debt $5,607 $3,555\nCollateralized Loan Obligations $1,943 $1,943 +1.5% 84.5%\nTerm Loan Facility $1,000 $644 +1.8% 80.4%\nAsset Specific Financing $491 $185 +2.9% 82.2%\nTotal Leverage $9,040 $6,327",
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      "text": "Financing Overview: 76% Non-Mark-To-Market",
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