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September 01, 2015 2:33 PM ET

Capital Markets

Company Overview of Northstar Real Estate Income II, Inc.

Company Overview

Northstar Real Estate Income II, Inc. operates as a subsidiary of NorthStar Realty Finance Corp.

399 Park Avenue

18th Floor

New York, NY 10022

United States

Phone:

212-547-2600

Key Executives for Northstar Real Estate Income II, Inc.

Chairman and Chief Executive Officer
Age: 55
President and Chief Investment Officer
Age: 45
Chief Financial Officer, Principal Accounting Officer and Treasurer
Age: 51
Chief Operating Officer
Age: 41
General Counsel, and Secretary
Compensation as of Fiscal Year 2015.

Northstar Real Estate Income II, Inc. Key Developments

NorthStar Income II Originates $39.2 Million Senior Mortgage Loan

NorthStar Income II, through a subsidiary of its operating partnership, originated a $39.2 million senior mortgage loan secured by a 360-unit apartment community located in Lewisville, Texas. The borrower plans to invest over $1.6 million in capital expenditures using proceeds from the Multifamily Senior Loan and cash flow from operations at the property. The multifamily senior loan bears interest at a floating rate of 4.30% over LIBOR, but at no point shall LIBOR be less than 0.25%, resulting in a minimum interest rate of 4.55% per year. The multifamily senior loan was originated at a 0.25% discount and NorthStar Income II will earn an exit fee equal to 0.75% of the outstanding amount of the multifamily senior loan at the time of repayment. The initial term of the multifamily senior loan is 24 months, with three 12-month extension options available to the borrower, subject to the satisfaction of certain performance tests and the payment of an extension fee. The multifamily senior loan may be prepaid during the first 18 months, provided the borrower pays an additional amount equal to the remaining interest due on the amount prepaid through month 18. thereafter, the multifamily senior loan may be prepaid in whole or in part without penalty.

NorthStar Real Estate Income II, Inc. Originates $45.0 Million Senior Mortgage Loan

NorthStar Real Estate Income II, Inc., through a subsidiary of its operating partnership, originated a $45.0 million senior mortgage loan secured by a Class-A office building located in Lake Success, New York, approximately 15 miles from New York City. The office senior loan bears interest at a floating rate of 3.85% over the one-month London Interbank Offered Rate (LIBOR), but at no point shall LIBOR be less than 0.25%, resulting in a minimum interest rate of 4.10% per year. The office senior loan was originated at a 0.50% discount and NorthStar Income II will earn an exit fee equal to 1.00% of the outstanding amount of the Office Senior Loan at the time of repayment. The office senior loan is currently unlevered and NorthStar Income II intends to finance the investment with one of its credit facilities in the future. The initial term of the office senior loan is 36 months, with two 12-month extension options available to the borrower, subject to the satisfaction of certain performance tests and the payment of an extension fee. The office senior loan may be prepaid during the first 16 months, provided the borrower pays an additional amount equal to the remaining interest due on the amount prepaid through month 16.

Northstar Real Estate Income II, Inc. Originates $36.25 Million Senior Loan Secured by Select-Service Hotel in Sunnyvale, California

NorthStar Real Estate Income II, Inc. (NorthStar Income II) announced that it originated a $36.25 million senior secured by a 136-room select-service hotel located in Sunnyvale, California. Investment highlights include: Located in the heart of Silicon Valley, in close proximity to major Internet and technology companies, including Google, Apple and Facebook; Features 10,600 square feet of meeting space; and recently renovated and the borrower plans to complete an additional $2.0 million in capital improvements using proceeds from the senior, for a total of $6.4 million in capital expenditures since 2007 ($47,000/room). This investment represents the third transaction completed between the borrower and investment programs sponsored by NorthStar Asset Management Group Inc. (NSAM), NorthStar Income II's sponsor, totaling $112.5 million. NorthStar Income II's portfolio consists of nine senior mortgage loans with a combined principal amount of $508.2 million and one subordinate interest totaling $24.9 million, as of January 22, 2015.

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