KBRA Affirms All Ratings for FREMF 2022-K147
14 May 2025 | New York
KBRA affirms all of its outstanding ratings for FREMF 2022-K147, a $1.2 billion CMBS multi-borrower transaction. All loans were originated in conjunction with the Federal Home Loan Mortgage Corporation’s (Freddie Mac) K-Deal program. The affirmations follow a surveillance review of the transaction, which has exhibited stable pool performance since securitization.
As of the April 2025 remittance period, there are no specially serviced loans; however, KBRA has identified two K-LOCs (1.5%), including one loan (0.3%) that is 90+ days delinquent. Neither of the K-LOCs have estimated losses.
The transaction's WA KLTV is 111.0%, compared to 115.9% at last review and 116.4% at securitization. The WA KDSC is 1.45x, compared to 1.40x at last review and 1.36x at securitization.
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