KKR Real Estate Finance Trust Inc
For the period ended Dec 31, 2024. Filed Feb 3, 2025.
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FY2024 · Filed Feb 3, 2025
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Schedule IV - Mortgage Loans on Real Estate
December 31, 2024
(dollars in millions)
| Type of Loan · Description / Location · Interest Rates(A) · Maturity Date(B) · Payment Terms(C) · Principal Amount · Carrying Amount | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Senior Loans(D) | |||||||||||
| Senior Loans in excess of 3% of the carrying amount of total loans | |||||||||||
| Senior Loan 1 | Multifamily / Virginia | + | 3.3% | October 2026 | I/O | $375.5 | $374.7 | ||||
| Senior Loan 2 | Industrial / Various | + | 2.7% | May 2027 | I/O | 252.3 | 252.3 | ||||
| Senior Loan 3 | Life Science / Massachusetts | + | 4.2% | August 2027 | I/O | 229.0 | 227.8 | ||||
| Senior Loan 4 | Office / Washington | + | 3.7% | April 2027 | I/O | 224.5 | 224.3 | ||||
| Senior Loan 5 | Multifamily / California | + | 2.9% | March 2026 | I/O | 220.0 | 220.0 | ||||
| Senior Loan 6 | Industrial / New York | + | 4.2% | September 2026 | I/O | 217.2 | 216.7 | ||||
| Senior Loan 7 | Multifamily / Various | + | 4.0% | June 2025 | I/O | 206.5 | 206.5 | ||||
| Senior Loan 8 | Hospitality / Texas | + | 4.3% | October 2026 | I/O | 181.4 | 181.4 | ||||
| Senior Loans less than 3% of the carrying amount of total loans | |||||||||||
| Senior Loans | Multifamily / Various | + | 0.9% | — | 3.9% | 2025 - 2028 | I/O | 1,954.9 | 1,952.6 | ||
| Senior Loans | Office / Various | + | 2.3% | — | 3.4% | 2025 - 2028 | I/O | 905.9 | 901.8 | ||
| Senior Loans | Life Science / Various | + | 1.0% | — | 4.5% | 2026 - 2028 | I/O | 462.3 | 460.9 | ||
| Senior Loans | Industrial / Various | + | 2.7% | — | 3.0% | 2027 | I/O | 319.0 | 318.9 | ||
| Senior Loan | Self-Storage / Various | + | 3.8% | January 2028 | I/O | 144.3 | 143.7 | ||||
| Senior Loan | Student Housing / Pennsylvania | + | 3.0% | June 2026 | I/O | 112.5 | 112.2 | ||||
| Senior Loan | Hospitality / Tennessee | + | 3.7% | January 2027 | I/O | 64.8 | 64.8 | ||||
| Senior Loan | Mixed Use / Pennsylvania | + | 4.1% | June 2029 | I/O | 30.1 | 30.1 | ||||
| Total senior loans | $5,900.2 | $5,888.6 | |||||||||
| Mezzanine Loans | |||||||||||
| Mezzanine Loans less than 3% of the carrying amount of total loans | |||||||||||
| Total mezzanine loans | $— | $— | |||||||||
| Total loans | $5,900.2 | $5,888.6 | |||||||||
| CECL reserve | (117.1) | ||||||||||
| Total loans, net | $5,771.5 | ||||||||||
(A) Expressed as a spread over Term SOFR.
(B) Maturity date assumes all extension options are exercised, if applicable.
(C) I/O = interest only until final maturity unless otherwise noted.
(D) Senior loans include senior mortgages and similar credit quality investments.
For the activity within KREF's loan portfolio during the year ended December 31, 2024, refer to Note 3 of the consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.