KREF Liquidity and Portfolio Overview slide image

KREF Liquidity and Portfolio Overview

Case Studies: Largest Three Multifamily Loans (1) (2) Investment Loan Type Investment Date Collateral Location Committed Amount Current Principal Amount Basis Coupon (1) LTV(2) Max Remaining Term (Yrs.) Asset Photos Arlington Multifamily Floating-Rate Senior Loan Los Angeles Multifamily Floating-Rate Senior Loan Sunbelt Multifamily Portfolio Floating-Rate Senior Loan September 2021 912-unit Class-B+ and 198-unit Class-A Multifamily Arlington, VA February 2021 536-unit Class-A Multifamily Los Angeles, CA May 2019 3-Property, 1,070-unit Class-A Multifamily Various $381 million $220 million $369 million $220 million $332k/unit + 3.3% 69% $410k/ unit + 2.9% 68% $207 million $207 million $193k/unit + 4.0% 74% 3.0 2.4 1.7 CINSTAL TOWERS Coupon expressed as spread over Term SOFR 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. Please refer to the Appendix for more information on how LTV is calculated KREF 18
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