KBRA Affirms All Ratings for FREMF 2022-K146
22 May 2025 | New York
KBRA affirms all of its outstanding ratings for FREMF 2022-K146, 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 April 2025 remittance period, none of the loans are specially serviced or delinquent, however, one loan (3.6% of the pool balance) has been identified as a K-LOC. The K-LOC is not within the top 10 and does not have an estimated loss at this time.
The transaction's WA KLTV is 117.7%, compared to 118.3% at last review and 119.5% at securitization. The KDSC is 1.47x, compared to 1.46x at last review and 1.42x at securitization.
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