Press Release|CMBS
KBRA Affirms All Ratings for GSMS 2017-GS7
7 Jun 2024 | New York
KBRA affirms all of its outstanding ratings for GSMS 2017-GS7, a $1.0 billion CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited stable pool performance since securitization.
As of the May 2024 remittance period, there are two specially serviced loans (6.7% of the pool balance). KBRA identified six K-LOCs (28.9%), which include:
Three top 10 loans (20.3%), one of which has an estimated loss (7.8%):
- Lafayette Centre (3rd largest, 7.8% of the pool balance, 41.7% estimated loss severity)
- Long Island Prime Portfolio - Melville (5th largest, 7.0%)
- Marriott Quorum (6th largest, 5.5%)
The remaining three K-LOCs do not have estimated losses and represent 8.6% of the pool balance.
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