Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Schedule of Senior Notes

KREF originated the following loans:

Description/ Location	Property Type	Month Originated	Committed Principal Amount		Initial Principal Funded		Interest Rate (A)	Maturity Date(B)	LTV
Senior Loan, Brandon, FL	Multifamily	January 2022	$	90,300	$	61,920	SOFR + 3.1%	February 2027	75%
Senior Loan, Washington, D.C.(C)	Office	January 2022	100,000		57,060		L + 3.2%	February 2028	55
Senior Loan, Phoenix, AZ(D)	Industrial	January 2022	100,000		2,244		SOFR + 4.0%	February 2027	57
Senior Loan, Arlington, VA	Multifamily	January 2022	135,300		130,890		SOFR + 2.9%	February 2027	65
Senior Loan, West Hollywood, CA	Multifamily	January 2022	102,000		102,000		L + 3.0%	February 2027	65
Senior Loan, San Carlos, CA(E)	Life Science	February 2022	125,000		79,809		SOFR + 3.6%	February 2027	68
Total/ Weighted Average			$	652,600	$	433,923	L/SOFR + 3.3%		64%

(A)    Floating rate based on one-month USD LIBOR or one-month Term SOFR, as applicable.

(B)    Maturity date assumes all extension options are exercised, if applicable.

(C)    The total whole loan is $228.5 million, co-originated by KREF and a KKR affiliate. KREF's interest is 43.8% of the loan.

(D)    The total whole loan is $195.3 million, co-originated by KREF and a KKR affiliate. KREF's interest is 51.2% of the loan.

(E)    The total whole loan is $195.9 million, co-originated by KREF and a KKR affiliate. KREF's interest is 63.8% of the loan.