{
  "docId": "019de516-2a7b-7323-8644-ff9e625df2de",
  "docSlug": "1f1f506e185a08ff61fc57dae3f82479",
  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 42 slides",
  "authorId": "kkr-real-estate-finance-trust",
  "authorName": "KKR Real Estate Finance Trust",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-07-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 21,
  "pageCount": 42,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "case_study",
  "function": "illustrate_case",
  "density": "overcrowded",
  "nDataPoints": 21,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de516-2a7b-7323-8644-ff9e625df2de/21",
  "deckHref": "/decks/019de516-2a7b-7323-8644-ff9e625df2de",
  "deckJsonHref": "/decks/019de516-2a7b-7323-8644-ff9e625df2de.json",
  "deckAnchorHref": "/decks/019de516-2a7b-7323-8644-ff9e625df2de#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.024,
        "w": 0.076,
        "x": 0.054,
        "y": 0.933
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "456f5c3c-8e8f-42fb-8bd0-395313d472b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.149,
        "w": 0.179,
        "x": 0.517,
        "y": 0.65
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d47ca55e-8b6e-425b-867a-ad87ef3b61d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.149,
        "w": 0.179,
        "x": 0.309,
        "y": 0.65
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dc43562b-55ba-4ecf-b952-a45e34a790ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.149,
        "w": 0.179,
        "x": 0.725,
        "y": 0.65
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f3e9c756-4c8a-4f3d-a398-f2c9b6d3620f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.018,
        "x": 0.919,
        "y": 0.939
      },
      "kind": "other",
      "text": "21",
      "attrs": {},
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56f54510-79b0-4cde-9433-3e23753c96a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.079,
        "x": 0.054,
        "y": 0.72
      },
      "kind": "paragraph",
      "text": "Asset Photos",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bd1e47a9-638e-4d90-bd2e-ffb088e88b31",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.106,
        "w": 0.879,
        "x": 0.054,
        "y": 0.819
      },
      "kind": "source-note",
      "text": "(1) Coupon expressed as spread over Term SOFR\n(2) LTV based on initial loan amount divided by the as-is appraised value as of the date the loan was originated\n(3) The total whole loan is $521 million, co-originated by the Company and KKR affiliates. The Company's interest is 50% of the loan\n(4) The total whole loan is $363 million, co-originated by the Company and a KKR affiliate. The Company's interest is 69% of the loan\n(5) In June 2023, KREF restructured the $194 million senior loan into a $120 million senior mortgage loan (fully funded) and a $79 million mezzanine note (with $5 million in unfunded commitment). The restructured\nsenior loan earns a coupon rate of S+2.25% and the restructured mezzanine note earns a fixed 4.5% PIK interest rate. Post modification, the loan's maximum maturity is July 2025, assuming all extension options\nare exercised",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df53bb66-bef7-4a14-95ea-4b63681e082d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.469,
        "w": 0.894,
        "x": 0.054,
        "y": 0.156
      },
      "kind": "table",
      "text": "Investment, Bellevue Office, Mountain View Office, Minneapolis Office, Loan Type, Floating-Rate Senior Loan, Investment Date, September 2021, July 2021, November 2017, Collateral, Class-A Office Totaling 609k SF, Five Class-A Office Buildings Totaling 446k SF, Two Class-A Office Buildings Totaling 1.1mm SF, Location, Bellevue, WA, Mountain View, CA, Minneapolis, MN, Committed Amount, $260 million (3), $250 million (4), $199 million, Current Principal Amount, $149 million, $200 million, $194 million, Basis, $855 / SF, $651 / SF, $182 / SF, Coupon (1), + 3.7%, + 3.4%, + 2.3%, LTV (2), 63%, N/A, N/A, Max Remaining Term (Yrs.), 3.8, 3.1, 2.0",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8dec94e8-10df-4543-9ce8-daabf69797ff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.579,
        "x": 0.054,
        "y": 0.073
      },
      "kind": "title",
      "text": "Case Studies: Largest Three Office Loans",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "00bb1340-77d7-4eef-ab97-b677b38e2f50",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}