KBRA Affirms All Ratings for FREMF 2022-K148
23 Aug 2024 | New York
KBRA affirms all of its outstanding ratings for FREMF 2022-K148, 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 July 2024 remittance period, there are no delinquent or specially serviced loans; however, one loan (2.4% of the pool balance) has been identified as a K-LOC.
The transaction's WA KLTV is 113.3%, compared to 113.0% at last review and securitization. The WA KDSC is 1.33x, compared to 1.32x at last review and securitization.
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