NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (NYSE:KREF) today announced the Company closed two floating-rate senior loan transactions totaling $257.3 million subsequent to the third quarter conference call in November. For the full year 2017, KREF originated $1.5 billion of senior loans, resulting in a $2.1 billion portfolio.

“2017 was a very active year for KREF,” said Chris Lee and Matt Salem, Co-Chief Executive Officers of KREF. “We originated $1.5 billion in loans, increased our borrowing capacity to $1.8 billion and successfully completed an IPO, raising approximately $226 million in net proceeds. We continue to increase our brand awareness and expand our client base and differentiate ourselves through creativity, flexibility and certainty of execution. We are pleased with the Company’s progress in 2017 and are confident in our ability to build on the momentum and grow our portfolio in 2018.”

Recent Investment Activity

In January 2018, KREF closed a $75.5 million floating-rate senior loan ($70.0 million of which was funded at closing) secured by a 37-story, 656,000 square foot, class-A office building located in St. Paul, Minnesota. The loan has a four-year initial term with a one-year extension option, carries a coupon of LIBOR+3.6% and has an appraised loan-to-value (“LTV”) of approximately 73%.

About KREF

KKR Real Estate Finance Trust Inc. (NYSE:KREF) is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KREF is externally managed and advised by an affiliate of KKR & Co. L.P. For additional information about KREF, please visit its website at www.kkrreit.com.