KBRA Affirms All Ratings for CFCRE 2017-C8
10 May 2024 | New York
KBRA affirms all of its outstanding ratings for CFCRE 2017-C8, a $527.1 million CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited pool performance generally in line with KBRA’s last ratings change in May 2021.
As of the April 2024 remittance period, there are two specially serviced assets (7.1% of the pool balance), including one (3.0%) which is REO. KBRA identified six K-LOCs (18.6%), including the specially serviced assets. Of the K-LOCs, two (3.5%) have estimated losses.
Excluding the K-LOCs with estimated losses, the transaction’s WA KLTV is 101.2%, compared to 105.2% at KBRA's last ratings change and 100.7% at securitization. The KDSC is 1.50x, compared to 1.39x at KBRA's last ratings change and 1.52x at securitization.
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