KREF Liquidity and Portfolio Overview

Financing Overview: Term Credit Facilities ($ in Millions) Counterparty WELLS FARGO Morgan Stanley Goldman Sachs Drawn $674 $506 $340 Total or Weighted Average $1,521 $2,000 Capacity $1,000 $600 $400 Collateral: Loans / Principal Balance 9 Loans / $989 11 Loans / $758 8 Loans / $609 28 Loans/$2,356 Final Stated Maturity (1) September 2026 March 2026 October 2025 Weighted Average Pricing(2) +1.5% + 2.0% +2.7% +1.9% Weighted Average Advance 68.2% 66.8% 55.8% 64.5% Mark-to-market Credit Only Credit Only Credit Only (1) (2) Based on extended maturity date Weighted average pricing expressed as spread over Term SOFR (3) Based on principal balance of financing KREF Property Type(3): Single Family Rental 3% Industrial 16% Office 35% Life Science 16% Multifamily 30% 27 27

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