---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-005801"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2022-02-16T23:59:59+00:00"
generated_at: "2026-06-27T07:32:23.710442+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KREF closes $1.0B CRE CLO FL3 at SOFR+1.71% weighted average cost

## Summary
- Issued $1.0B in notes across eight classes; advance rate of 84.75%.
- Weighted average cost of one-month Term SOFR + 1.71% before amortized costs.
- Financing is non-mark-to-market and non-recourse with a two-year reinvestment period.
- Third CLO issuance and second in six months; proceeds finance multifamily mortgage loans and participations.
- Co-lead managers: Wells Fargo, KKR Capital Markets, Morgan Stanley, Goldman Sachs, MUFG.

## SEC filing metadata
- accession: 0001140361-22-005801
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2022-02-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000114036122005801/0001140361-22-005801-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000114036122005801/brhc10034145_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-005801
- JSON: https://secwatch.observer/filing/0001140361-22-005801.json
- Plain text: https://secwatch.observer/filing/0001140361-22-005801.txt

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