Matt Salem, co-CEO of KKR Real Estate Finance Trust Inc.
NEW YORK CITY—Locally-based KKR Real Estate Finance Trust Inc. reports it has closed two floating senior loans totaling $265 million on commercial and multifamily properties in Seattle. The two deals increase its total loan commitments in the third quarter to approximately $681 million.
KREF closed on a $172-million floating-rate senior loan secured by two class-A office buildings totaling 343,000 square feet in Seattle. The loan, which closed in September, has a two-year initial term with three one-year extension options, carries a coupon of LIBOR+3.7% and has an appraised loan-to-value of approximately 65%, KREF states.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
