KBRA Affirms All Ratings for CF 2019-CF2
10 Oct 2024 | New York
KBRA affirms all of its outstanding ratings for CF 2019-CF2, a $717.8 million CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited overall stable pool performance compared to securitization.
As of the September 2024 remittance period, there is one specially serviced loan (2.1% of the pool balance) that is matured non-performing. KBRA has identified three loans (5.2%) as K-LOCs, including the specially serviced asset, none of which have estimated losses at this time.
The transaction's WA KLTV is 95.5%, compared to 94.9% at last review and 99.4% at securitization. The KDSC is 2.07x, compared to 2.13x at last review and 2.09x at securitization.
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