Integrated Global Real Estate Platform
Case Studies: Largest Three Industrial Loans
Investment
Loan Type
Western U.S. Industrial Portfolio
Floating-Rate Senior Loan
Bronx Industrial
Floating-Rate Senior Loan
U.S. Industrial Portfolio
Floating-Rate Senior Loan
Investment Date
Collateral
Location
April 2022
14 Class A/B Industrial Properties
Totaling 5.2mm SF
Various
August 2021
1.4mm RSF, Two-Story, Class A
Distribution and Parking Facility
Bronx, NY
June 2022
12 Class A/B Industrial Assets
Totaling 2.8mm SF
Various
Committed Amount
$252 million (3)
Current Principal Amount
$252 million
Basis
Coupon (1)
LTV(2)
$98/SF
+ 2.7%
64%
$229 million (4)
$181 million
$277/SF
$188 million
$167 million
$120/SF
+ 4.2%
+ 2.9%
52%
50%
Max Remaining Term (Yrs.)
3.9
3.2
4.0
Asset Photos
(1)
(2)
(3)
Coupon expressed as spread over Term SOFR
LTV based on initial loan amount divided by the as-is appraised value as of the date the loan was originated
The total whole loan is $505 million, co-originated by the Company and KKR affiliates. The Company's interest is 50% of the loan
(4) The total whole loan is $381 million, co-originated by the Company and a KKR affiliate. The Company's interest is 60% of the loan
KREF
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