Integrated Global Real Estate Platform

Multifamily and Office Loan Overview $102 M Multifamily: 42% of Loan Portfolio Average Loan Size(1) 69% 0% W.A. LTV(2) Construction Loans 90% W.A. Occupancy at Closing W.A. Occupancy Current(3) Median Year Built 80% 2015 $167 M Property Locations Office: 26% of Loan Portfolio Average Loan Size(1) 67% W.A. Occupancy at Closing 60% W.A. LTV(2) 75% W.A. Occupancy Current(3) 2.4% Co-Working Exposure 9.4 years W.A. Remaining Lease Term Property Locations Average loan commitment is inclusive of the unfunded KREF commitment LTV is generally based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated or by the current principal amount as of the date of the most recent as-is appraised value. Excludes loans risk-rated 5 (1) (2) (3) Based on most recent data available from our borrowers as of June 30, 2023 KREF 18

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