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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": "Leverage Ratios\n2.2X Debt-To-Equity Ratio (3)\n4.0X Total Leverage Ratio (4)",
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      "text": "Outstanding Financing (5)\nRevolver 1%\nAsset Specific 3%\nSenior Loan Interests 4%\nSecured Term Loan 5%\nTerm Loan Facility 9%\nTerm Lending Agreements 23%\nTerm Credit Facilities 24%\nCollateralized Loan Obligations 30%\nNon-Mark-to-Market 76%",
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      "text": "KREF",
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      "text": "Diversified financing sources totaling $8.9 billion with $2.8 billion of undrawn capacity",
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      "text": "(1) Weighted average coupon expressed as spread over Term SOFR\n(2) Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions\n(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities), and secured term loan, less cash to (ii) total permanent equity, in each case, at period end\n(4) Represents (i) total outstanding debt agreements, secured term loan, and collateralized loan obligation, less cash to (ii) total permanent equity, in each case, at period end\n(5) Based on outstanding face amount of secured financing, including non-consolidated senior interests, that resulted from non-recourse sales of senior loan interest in loans KREF originated",
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      "text": "Summary of Outstanding Financing\n($ in Millions)\nMaximum Capacity\nOutstanding Face Amount\nWeighted Avg. Coupon (1)\nAdvance Rate\nNon-MTM\nTerm Credit Facilities $2,000 $1,550 +1.9% 67.7% (2)\nTerm Lending Agreements $2,046 $1,438 +1.8% 77.7% ✓\nWarehouse Facility $500 $0 n/a n/a ✓\nSecured Term Loan $345 $345 +3.6% — ✓\nCorporate Revolving Credit Facility $610 $50 +2.0% — ✓\nTotal Debt $5,501 $3,383\nCollateralized Loan Obligations $1,943 $1,943 +1.6% 84.5% ✓\nTerm Loan Facility $1,000 $566 +1.9% 80.0% ✓\nAsset Specific Financing $491 $220 +2.9% 82.7% ✓\nTotal Leverage $8,935 $6,112",
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      "text": "Financing Overview: 76% Non-Mark-To-Market",
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