KBRA Affirms All Ratings for FREMF 2023-K155
23 Apr 2025 | New York
KBRA affirms all of its outstanding ratings for FREMF 2023-K155, a $1.2 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 overall stable pool performance since securitization.
As of the March 2025 remittance period, there are no delinquent or specially serviced loans. However, one loan (1.6% of the pool balance) has been identified as a K-LOC, which is not within the top 10 nor does it have an estimated loss.
The transaction's WA KLTV is 111.4%, compared to 107.1% at last review and 107.2% at securitization. The WA KDSC of 1.34x, compared to 1.37x at last review and securitization.
To access ratings and relevant documents, click here.
Click here to view the report.