KBRA Affirms All Ratings for FREMF 2020-K108
22 Mar 2024 | New York
KBRA affirms all of its outstanding ratings for FREMF 2020-K108, a $1.3 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 an improvement in pool performance since securitization.
As of the February 2024 remittance period, none of the loans are specially serviced or delinquent, and no loans have been identified as K-LOCs.
The transaction’s WA KLTV is 103.2%, compared to 108.6% at last review and 123.3% at securitization. The KDSC is 1.85x, compared to 1.75x at last review and 1.53x at securitization.
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