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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 39 slides",
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      "text": "Leverage Ratios\n1.8x Debt-To-Equity Ratio (3)\n3.8x Total Leverage Ratio (4)",
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      "text": "Outstanding Financing (5)\nTerm Credit Facilities 21%\nCollateralized Loan Obligations 37%\nTerm Lending Agreements 17%\nTerm Loan Facility 10%\nSecured Term Loan 6%\nAsset Specific 6%\nRevolver 3%\nNon-Mark-to-Market 79%",
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      "text": "KREF",
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      "kind": "paragraph",
      "text": "Diversified financing sources totaling $8.3 billion with $3.0 billion of undrawn capacity",
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      "text": "(1) Weighted average coupon expressed as spread over Term SOFR\n(2) Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions\n(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities), and secured term loan, less cash to (ii) KREF stockholders' equity, in each case, at period end\n(4) Represents (i) total outstanding debt agreements, secured term loan, and collateralized loan obligations, less cash to (ii) KREF stockholder's equity, in each case, at period end\n(5) Based on outstanding principal amount of secured financing",
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      "text": "Summary of Outstanding Financing\n($ in Millions)\nMaximum Capacity\nOutstanding Principal Amount\nWeighted Avg. Coupon (1)\nAdvance Rate\nNon-MTM\nTerm Credit Facilities $2,000 $1,139 +2.0% 67.5% (2)\nTerm Lending Agreements $1,396 $893 +1.7% 71.0% ✓\nWarehouse Facility $500 $0 n/a n/a ✓\nSecured Term Loan $340 $340 +3.8% — ✓\nCorporate Revolving Credit Facility $610 $135 +2.0% — ✓\nTotal Debt $4,846 $2,507\nCollateralized Loan Obligations $1,941 $1,941 +1.5% 84.5% ✓\nTerm Loan Facility $1,000 $529 +2.0% 77.2% ✓\nAsset Specific Financing $491 $329 +2.9% 73.8% ✓\nTotal Leverage $8,278 $5,306",
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      "kind": "title",
      "text": "Financing Overview: 79% Non-Mark-To-Market",
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