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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 42 slides",
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  "authorName": "KKR Real Estate Finance Trust",
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  "presentationDate": "2023-07-01 00:00:00",
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      "text": "KREF",
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      "text": "(1) The total whole loan is $363 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 69% of the loan or $250 million\n(2) 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",
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      "text": "Investment, Mountain View Office, Minneapolis Office, Philadelphia Office, Loan Type, Floating-Rate Senior Loan, Floating-Rate Senior Loan (2), Floating-Rate Senior Loan, Investment Date, July 2021, November 2017, April 2019, Collateral, Five Class-A Office Buildings totaling 446k SF, Two Class-A Office Buildings totaling 1.1mm SF, Four Office Building Portfolio totaling 711k SF, Loan Purpose, Acquisition, Refinance, Acquisition, Location, Mountain View, CA, Minneapolis, MN, Philadelphia, PA, Committed Amount, $250 million (1), $199 million(2), $177 million, Current Principal Amount, $200 million, $194 million (2), $155 million, Loan Basis, $651 / SF, $182 / SF, $216 / SF, Coupon, + 3.4%, + 2.3%(2), + 2.6%, Max Remaining Term (Yrs.), 3.1, 2.0(2), 0.1, Loan Risk Rating, 5, 5, 5",
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      "kind": "title",
      "text": "Case Studies: Watch List Loans (Risk Rating 5)",
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