KBRA Affirms All Ratings for WFCM 2022-C62
12 Apr 2024 | New York
KBRA affirms all of its outstanding ratings for WFCM 2022-C62, a $529.6 million CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited overall stable pool performance since securitization.
As of the March 2024 remittance period, there are two (4.3%) specially serviced loans. KBRA identified six K-LOCs (12.7%), including the specially serviced assets.
The K-LOCs include one top 10 loan:
- 530 Bush Street (7th largest, 3.7%)
The remaining five K-LOCs do not have estimated losses and represent 9.0% of the pool.
The transaction's WA KLTV is 103.1%, compared to 100.2% at last review and 100.0% at securitization. The WA KDSC is 1.95x, compared to 1.99x at last review and 2.00x at securitization.
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