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  <xs:element id="kref_IncreaseDecreaseInEquityMethodInvestments" abstract="false" name="IncreaseDecreaseInEquityMethodInvestments" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_VariableInterestEntitiesChangeInNoncashAssets" abstract="false" name="VariableInterestEntitiesChangeInNoncashAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_IncreaseDecreaseInNetAssetsRelatedToRealEstateOwnedHeldForSale" abstract="false" name="IncreaseDecreaseInNetAssetsRelatedToRealEstateOwnedHeldForSale" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_PaymentsForCapitalExpendituresRealEstateOwned" abstract="false" name="PaymentsForCapitalExpendituresRealEstateOwned" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_ProceedsPaymentOnSaleOfRealEstateOwnedHeldForSale" abstract="false" name="ProceedsPaymentOnSaleOfRealEstateOwnedHeldForSale" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_ContributionsToEquityMethodInvestment" abstract="false" name="ContributionsToEquityMethodInvestment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_PaymentsToAcquireInterestInCollateralizedMortgageBackedSecuritiesTrust" abstract="false" name="PaymentsToAcquireInterestInCollateralizedMortgageBackedSecuritiesTrust" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RepaymentsOfBorrowingsUnderCollateralizedLoanObligations" abstract="false" name="RepaymentsOfBorrowingsUnderCollateralizedLoanObligations" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_PrincipalRepaymentsOnBorrowingsUnderSecuredTermLoan" abstract="false" name="PrincipalRepaymentsOnBorrowingsUnderSecuredTermLoan" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_ConsolidationOfVariableInterestEntitiesIncrementalAssetsAndLiabilities" abstract="false" name="ConsolidationOfVariableInterestEntitiesIncrementalAssetsAndLiabilities" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_LoanPrincipalRepaymentsHeldByAServicer" abstract="false" name="LoanPrincipalRepaymentsHeldByAServicer" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_DeferredFinancingCostsIncurredButNotYetPaid" abstract="false" name="DeferredFinancingCostsIncurredButNotYetPaid" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_TransferOfLoansToEquityMethodInvestment" abstract="false" name="TransferOfLoansToEquityMethodInvestment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RealEstateOwnedAcquisition" abstract="false" name="RealEstateOwnedAcquisition" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_AcquisitionOfRealEstateOwnedOtherAssets" abstract="false" name="AcquisitionOfRealEstateOwnedOtherAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_OtherLiabilitiesAssumptionOfRealEstate" abstract="false" name="OtherLiabilitiesAssumptionOfRealEstate" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_TransferOfLoansToRealEstateOwned" abstract="false" name="TransferOfLoansToRealEstateOwned" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_SecuredTermLoanNetAbstract" abstract="true" name="SecuredTermLoanNetAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_DividendsPolicyTextBlock" abstract="false" name="DividendsPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_CommercialRealEstateFinancingReceivableHeldForInvestmentPolicyTextBlock" abstract="false" name="CommercialRealEstateFinancingReceivableHeldForInvestmentPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_FinancingReceivableInterestReceivablesPolicyTextBlock" abstract="false" name="FinancingReceivableInterestReceivablesPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_TenantReceivablesPolicyTextBlock" abstract="false" name="TenantReceivablesPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_ManagementAndIncentiveCompensationToAffiliatePolicyTextBlock" abstract="false" name="ManagementAndIncentiveCompensationToAffiliatePolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_IncomeLossFromRealEstateOwnedTableTextBlock" abstract="false" name="IncomeLossFromRealEstateOwnedTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_RealEstateOwnedAmortizationOfLeaseIntangiblesIncludedInIncomeTableTextBlock" abstract="false" name="RealEstateOwnedAmortizationOfLeaseIntangiblesIncludedInIncomeTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_ScheduleOfCollateralAssetsAndLongTermDebtInstrumentsTableTextBlock" abstract="false" name="ScheduleOfCollateralAssetsAndLongTermDebtInstrumentsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_ScheduleOfNetInterestIncomeUnderSecuredBorrowingsTableTextBlock" abstract="false" name="ScheduleOfNetInterestIncomeUnderSecuredBorrowingsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_ScheduleOfNetAssetsUnderSecuredBorrowingsTableTextBlock" abstract="false" name="ScheduleOfNetAssetsUnderSecuredBorrowingsTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="kref_KKRRealEstateFinanceTrustIncMember" abstract="true" name="KKRRealEstateFinanceTrustIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_KKRCo.L.P.Member" abstract="true" name="KKRCo.L.P.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_InvestmentOwnedPercentage" abstract="false" name="InvestmentOwnedPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="kref_LandAndBuildingImprovementsMember" abstract="true" name="LandAndBuildingImprovementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_NumberOfEquityMethodInvestments" abstract="false" name="NumberOfEquityMethodInvestments" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="kref_PreferredStockDividendsPerShareAnnual" abstract="false" name="PreferredStockDividendsPerShareAnnual" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="kref_CommercialRealEstateLoansTable" abstract="true" name="CommercialRealEstateLoansTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="kref_CommercialLoansHeldForInvestmentAndForSaleMember" abstract="true" name="CommercialLoansHeldForInvestmentAndForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CommercialLoansHeldforinvestmentMember" abstract="true" name="CommercialLoansHeldforinvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CommercialLoansHeldForSaleMember" abstract="true" name="CommercialLoansHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CommercialRealEstateLineItems" abstract="true" name="CommercialRealEstateLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_MortgageLoansOnRealEstateFloatingRatePercentageOfLoans" abstract="false" name="MortgageLoansOnRealEstateFloatingRatePercentageOfLoans" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="kref_MortgageLoansOnRealEstateWeightedAverageLife" abstract="false" name="MortgageLoansOnRealEstateWeightedAverageLife" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="kref_CommercialRealEstateLoansLineItems" abstract="true" name="CommercialRealEstateLoansLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_MortgageLoansOnRealEstateAmortizationOfPremiumDiscountNet" abstract="false" name="MortgageLoansOnRealEstateAmortizationOfPremiumDiscountNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableHeldForInvestmentTransferToLoanHeldForSale" abstract="false" name="FinancingReceivableHeldForInvestmentTransferToLoanHeldForSale" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableForeignCurrencyGainLoss" abstract="false" name="FinancingReceivableForeignCurrencyGainLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_CommercialMortgageLoanMember" abstract="true" name="CommercialMortgageLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_SubordinatedNoteMember" abstract="true" name="SubordinatedNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CambridgeMAMember" abstract="true" name="CambridgeMAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MinneapolisMNMember" abstract="true" name="MinneapolisMNMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_SanDiegoCAMember" abstract="true" name="SanDiegoCAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_BostonMAMember" abstract="true" name="BostonMAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_ChicagoILMember" abstract="true" name="ChicagoILMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CarrolltonTXMember" abstract="true" name="CarrolltonTXMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_LifeScienceMember" abstract="true" name="LifeScienceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MeasurementInputCapitalizationRateMember" abstract="true" name="MeasurementInputCapitalizationRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MortgageLoansOnRealEstateUnamortizedDiscountsDeferredFeesAndCostRecoveryInterest" abstract="false" name="MortgageLoansOnRealEstateUnamortizedDiscountsDeferredFeesAndCostRecoveryInterest" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateFaceAmountOfMortgagesAfterRestructuring" abstract="false" name="SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateFaceAmountOfMortgagesAfterRestructuring" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateFutureFunding" abstract="false" name="SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateFutureFunding" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_WeightedAverageLoanRiskRating" abstract="false" name="WeightedAverageLoanRiskRating" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="kref_AllowanceForCreditLoss" abstract="false" name="AllowanceForCreditLoss" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_LoanHeldForInvestmentMeasurementInput" abstract="false" name="LoanHeldForInvestmentMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="kref_MortgageLoansOnRealEstateTotalExposure" abstract="false" name="MortgageLoansOnRealEstateTotalExposure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_MortgageLoansOnRealEstateTotalExposurePercentage" abstract="false" name="MortgageLoansOnRealEstateTotalExposurePercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="kref_FinancingReceivableOriginatedGrossWriteOffInCurrentFiscalYear" abstract="false" name="FinancingReceivableOriginatedGrossWriteOffInCurrentFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableOriginatedGrossWriteOffInFiscalYearBeforeLatestFiscalYear" abstract="false" name="FinancingReceivableOriginatedGrossWriteOffInFiscalYearBeforeLatestFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableOriginatedGrossWriteOffTwoYearsBeforeLatestFiscalYear" abstract="false" name="FinancingReceivableOriginatedGrossWriteOffTwoYearsBeforeLatestFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableOriginatedGrossWriteOffThreeYearsBeforeLatestFiscalYear" abstract="false" name="FinancingReceivableOriginatedGrossWriteOffThreeYearsBeforeLatestFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableOriginatedGrossWriteOffFourYearsBeforeLatestFiscalYear" abstract="false" name="FinancingReceivableOriginatedGrossWriteOffFourYearsBeforeLatestFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FinancingReceivableOriginatedGrossWriteOffFiveOrMoreYearsBeforeLatestFiscalYear" abstract="false" name="FinancingReceivableOriginatedGrossWriteOffFiveOrMoreYearsBeforeLatestFiscalYear" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_NotesReceivableGrossWriteOff" abstract="false" name="NotesReceivableGrossWriteOff" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_OffBalanceSheetCreditLossLiabilityWriteoff" abstract="false" name="OffBalanceSheetCreditLossLiabilityWriteoff" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_OffBalanceSheetCreditLossForeignCurrencyTranslationGainLoss" abstract="false" name="OffBalanceSheetCreditLossForeignCurrencyTranslationGainLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_AllowanceForCreditLossesRollForward" abstract="true" name="AllowanceForCreditLossesRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_AllowanceForCreditLossWriteoff" abstract="false" name="AllowanceForCreditLossWriteoff" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_CreditLossForeignCurrencyTranslationGainLoss" abstract="false" name="CreditLossForeignCurrencyTranslationGainLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_OtherEuropeCountriesMember" abstract="true" name="OtherEuropeCountriesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_OtherUSMember" abstract="true" name="OtherUSMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_HospitalityMember" abstract="true" name="HospitalityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_StudentHousingMember" abstract="true" name="StudentHousingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MixedUseMember" abstract="true" name="MixedUseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_RealEstateOwnedMember" abstract="true" name="RealEstateOwnedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_JVPartnerMember" abstract="true" name="JVPartnerMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_PortlandORMember" abstract="true" name="PortlandORMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MountainViewCAMember" abstract="true" name="MountainViewCAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_RaleighNCMember" abstract="true" name="RaleighNCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_PhiladelphiaPAMember" abstract="true" name="PhiladelphiaPAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_WestHollywoodCAMember" abstract="true" name="WestHollywoodCAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_SeniorMortgageLoanMember" abstract="true" name="SeniorMortgageLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_REOJVMember" abstract="true" name="REOJVMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_KKRAffiliateMember" abstract="true" name="KKRAffiliateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_VariableInterestEntityQualitativeOrQuantitativeInformationOwnershipPercentageOfPartner" abstract="false" name="VariableInterestEntityQualitativeOrQuantitativeInformationOwnershipPercentageOfPartner" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="kref_RealEstateOwnedHeldForInvestmentMember" abstract="true" name="RealEstateOwnedHeldForInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_RealEstateOwnedHeldForSaleMember" abstract="true" name="RealEstateOwnedHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_RealEstateOwnedAssetsAbstract" abstract="true" name="RealEstateOwnedAssetsAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_Buildings" abstract="false" name="Buildings" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_BuildingImprovements" abstract="false" name="BuildingImprovements" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RealEstateOwnedGross" abstract="false" name="RealEstateOwnedGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RealEstateOwnedNet" abstract="false" name="RealEstateOwnedNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_InPlaceLeaseIntangibles" abstract="false" name="InPlaceLeaseIntangibles" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FavorableLeaseIntangibles" abstract="false" name="FavorableLeaseIntangibles" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_IncomeLossFromRealEstateOwnedOperations" abstract="false" name="IncomeLossFromRealEstateOwnedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RealEstateOwnedInPlaceLeaseIntangibleAssetsAbstract" abstract="true" name="RealEstateOwnedInPlaceLeaseIntangibleAssetsAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_RealEstateOwnedBelowMarketLeaseIntangibleAssetsAbstract" abstract="true" name="RealEstateOwnedBelowMarketLeaseIntangibleAssetsAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_LessorOperatingLeasePaymentToBeReceivedAfterYearFour" abstract="false" name="LessorOperatingLeasePaymentToBeReceivedAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_WellsFargoBankNationalAssociationMember" abstract="true" name="WellsFargoBankNationalAssociationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MorganStanleyBankN.A.Member" abstract="true" name="MorganStanleyBankN.A.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MorganStanleyGBPEURMember" abstract="true" name="MorganStanleyGBPEURMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="kref_KREFLendingIXFacilityMember" abstract="true" name="KREFLendingIXFacilityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="kref_KREFLendingXIIMember" abstract="true" name="KREFLendingXIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_HSBCMember" abstract="true" name="HSBCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_KREFLendingXIIIMember" abstract="true" name="KREFLendingXIIIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_KREFLendingXXEURMember" abstract="true" name="KREFLendingXXEURMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_KREFLendingXIVMember" abstract="true" name="KREFLendingXIVMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_KREFLendingXIMember" abstract="true" name="KREFLendingXIMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="kref_RepurchaseAgreementCounterpartyAmountAtRiskPercentOfStockholdersEquity" abstract="false" name="RepurchaseAgreementCounterpartyAmountAtRiskPercentOfStockholdersEquity" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="kref_DebtInstrumentCovenantConsolidatedTangibleNetWorthAmountOfAggregateCashProceedsMadeAndCapitalContributionsReceived" abstract="false" name="DebtInstrumentCovenantConsolidatedTangibleNetWorthAmountOfAggregateCashProceedsMadeAndCapitalContributionsReceived" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_CollateralizedLoanObligationNetMember" abstract="true" name="CollateralizedLoanObligationNetMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_TransfersAccountedForAsSecuredBorrowingsAssetsFaceAmount" abstract="false" name="TransfersAccountedForAsSecuredBorrowingsAssetsFaceAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_LoanHeldInPortfolioFairValue" abstract="false" name="LoanHeldInPortfolioFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_ManufacturedHousingMember" abstract="true" name="ManufacturedHousingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_AssetsRelatedToRealEstateOwnedHeldForInvestment" abstract="false" name="AssetsRelatedToRealEstateOwnedHeldForInvestment" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RealEstateOwnedHeldForInvestmentLiability" abstract="false" name="RealEstateOwnedHeldForInvestmentLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_EquityMethodInvestmentInvestmentInMortgageLoanPercentFinancedBasisSpreadOnVariableRate" abstract="false" name="EquityMethodInvestmentInvestmentInMortgageLoanPercentFinancedBasisSpreadOnVariableRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="kref_ContinuousOfferingProgramMember" abstract="true" name="ContinuousOfferingProgramMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CommonStockAndPreferredStockSharesAuthorized" abstract="false" name="CommonStockAndPreferredStockSharesAuthorized" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="kref_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodNetOfStockIssuedInConnectionWithVestedRSUs" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodNetOfStockIssuedInConnectionWithVestedRSUs" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="kref_CommonStockValueAuthorized" abstract="false" name="CommonStockValueAuthorized" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="kref_SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockAwardsExpectedtoVestTwoYearsfromBalanceSheetDate" abstract="false" name="SharebasedCompensationArrangementbySharebasedPaymentAwardRestrictedStockAwardsExpectedtoVestTwoYearsfromBalanceSheetDate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
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  <xs:element id="kref_FutureFundingCommitmentRelatedtoCommercialMortgageLoanInvestmentsMember" abstract="true" name="FutureFundingCommitmentRelatedtoCommercialMortgageLoanInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_CommitmenttoInvestinAggregatorVehicleMember" abstract="true" name="CommitmenttoInvestinAggregatorVehicleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="kref_RelatedPartyTransactionMinimumVotingPercentageForRenewalOfAgreementTerm" abstract="false" name="RelatedPartyTransactionMinimumVotingPercentageForRenewalOfAgreementTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="kref_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty1" abstract="false" name="RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty1" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyAsAPercentOfWeightedAverageAdjustedEquity" abstract="false" name="RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyAsAPercentOfWeightedAverageAdjustedEquity" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="kref_RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyNumeratorForIncentiveCompensationPeriodOfAdjustedEarnings" abstract="false" name="RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyNumeratorForIncentiveCompensationPeriodOfAdjustedEarnings" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
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  <xs:element id="kref_RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyDenominatorForIncentiveCompensationNumberOfCalendarQuartersCompensationSubtracted" abstract="false" name="RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyDenominatorForIncentiveCompensationNumberOfCalendarQuartersCompensationSubtracted" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="kref_DebtInstrumentNumberOfLoanInvestmentsUsedAsCollateral" abstract="false" name="DebtInstrumentNumberOfLoanInvestmentsUsedAsCollateral" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="kref_LongTermDebtGrossPercentage" abstract="false" name="LongTermDebtGrossPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="kref_DebtInstrumentEntityShareOfOutstandingPrincipalPercent" abstract="false" name="DebtInstrumentEntityShareOfOutstandingPrincipalPercent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="kref_ManagementFeesMember" abstract="true" name="ManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_ExpenseReimbursementsMember" abstract="true" name="ExpenseReimbursementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_StructuringFeesMember" abstract="true" name="StructuringFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_DiligenceAndServicingFeesMember" abstract="true" name="DiligenceAndServicingFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_ArrangementAndStructuringFees" abstract="false" name="ArrangementAndStructuringFees" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_AssetsGross" abstract="false" name="AssetsGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_LiabilitiesGross" abstract="false" name="LiabilitiesGross" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_InvestmentsInCMBSSecuritiesMember" abstract="true" name="InvestmentsInCMBSSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOther" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOther" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityOther" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityOther" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FairValueAssetsLiabilitiesNetMeasuredonRecurringBasisUnobservableInputReconciliationCalculationRollForward" abstract="true" name="FairValueAssetsLiabilitiesNetMeasuredonRecurringBasisUnobservableInputReconciliationCalculationRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="kref_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityPurchases" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityPurchases" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilitySettlements" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilitySettlements" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityOther" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityOther" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_MeasurementInputDiscountMarginMember" abstract="true" name="MeasurementInputDiscountMarginMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MeasurementInputYieldMember" abstract="true" name="MeasurementInputYieldMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_MeasurementInputDurationMember" abstract="true" name="MeasurementInputDurationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_ValuationTechniqueDirectCapitalizationMethodMember" abstract="true" name="ValuationTechniqueDirectCapitalizationMethodMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="kref_InvestmentsInCMBSSecuritiesFairValueDisclosure" abstract="false" name="InvestmentsInCMBSSecuritiesFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="kref_VariableInterestEntityAssetsCMBSTrustMeasurementInput" abstract="false" name="VariableInterestEntityAssetsCMBSTrustMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="kref_InvestmentsInCMBSSecuritiesMeasurementInput" abstract="false" name="InvestmentsInCMBSSecuritiesMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="kref_VariableInterestEntityLiabilitiesCMBSTrustMeasurementInput" abstract="false" name="VariableInterestEntityLiabilitiesCMBSTrustMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
</xs:schema>
