---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-028899"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2021-08-19T23:59:59+00:00"
generated_at: "2026-06-29T08:56:20.210614+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KREF closes $1.3B CRE CLO, redeems $1.0B 2018 CLO

## Summary
- Closed $1.3B managed CRE CLO (KREF 2021-FL2) on Aug 16, 2021, refinancing the prior $1.0B 2018 CLO.
- Finances one mortgage loan and 19 pari passu participations from KREF's portfolio.
- Provides 84% advance rate at weighted average running cost of L+1.30% (before amortized costs).
- Features two-year reinvestment period on a non-mark-to-market and non-recourse basis.
- Co-lead managers: Wells Fargo, KKR Capital Markets, Morgan Stanley, Goldman Sachs, MUFG.

## SEC filing metadata
- accession: 0001140361-21-028899
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2021-08-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000114036121028899/0001140361-21-028899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000114036121028899/brhc10028182_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-028899
- JSON: https://secwatch.observer/filing/0001140361-21-028899.json
- Plain text: https://secwatch.observer/filing/0001140361-21-028899.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.