KBRA Affirms All Ratings for FREMF 2021-K745
23 Aug 2024 | New York
KBRA affirms all of its outstanding ratings for FREMF 2021-K745, a $948.8 million CMBS multi-borrower transaction. All loans were originated in conjunction with the Federal Home Loan Mortgage Corporations, (Freddie Mac) K-Deal program. The affirmations follow a surveillance review of the transaction, which has exhibited an improvement an overall pool performance since securitization.
As of the July 2024 remittance period, there are no delinquent or specially serviced loans and no loans have been identified as K-LOCs.
The transaction’s WA KLTV is 118.7%, compared to 123.4% at last review and 132.0% at securitization. The WA KDSC is 1.76x, compared to 1.69x at last review and 1.59x at securitization.
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