KBRA Affirms All Ratings for FREMF 2022-K149
20 Sep 2024 | New York
KBRA affirms all of its outstanding ratings for FREMF 2022-K149, 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 stable pool performance since securitization.
As of the August 2024 remittance period, there are no delinquent or specially serviced loans. However, two loans (2.2% of the pool balance) have been identified as K-LOCs. Neither loan is within the Top 10 nor do they have an estimated loss.
The transaction’s WA KLTV is 115.4%, compared to 114.2% at last review and 114.3% at securitization. The WA KDSC is 1.31x, unchanged from last review and securitization.
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