Latest news with #PatrickMattson
Bloomberg
03-06-2025
- Business
- Bloomberg
KKR Builds Record $42 Billion Private Real Estate Loan Pipeline
KKR & Co. has a record volume of commercial-property financings lined up, and expects more deals as property prices reset and other lenders pull back amid market volatility. The investment firm's pipeline has reached an all-time high of $42 billion, the second such record set this year, according to a Tuesday note by Matt Salem, Joel Traut and Patrick Mattson in KKR's real estate credit group.
Yahoo
05-03-2025
- Business
- Yahoo
KKR Real Estate Finance Trust Inc. Announces Closing of New $550 Million Senior Secured Term Loan B
NEW YORK, March 05, 2025--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. ("KREF") (NYSE: KREF) announced today that it closed on a Term Loan B (the "New Term Loan B") for an aggregate principal amount of $550 million due in 2032. KREF intends to use the net proceeds from the New Term Loan B to repay the existing Term Loan B due in 2027, repay other indebtedness and for general corporate purposes. The New Term Loan B priced at 99.875% and bears interest at SOFR plus 325 basis points. Patrick Mattson, President and Chief Operating Officer of KREF, stated: "KREF is pleased to grow its presence in the Term Loan B market with our new, $550 million, 7-year deal. This offering extends the duration of our capital and contributes to our best in-class, diversified Non-Mark-To-Market liability structure, at a time when we have returned to offense and are actively lending in the market." About KKR Real Estate Finance Trust Inc. KKR Real Estate Finance Trust Inc. is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at View source version on Contacts Investor Relations: Jack Switala(212) 763-9048kref-ir@ Media: Miles Radcliffe-TrennerTel: (212) 750-8300media@ Sign in to access your portfolio
