KBRA Affirms All Ratings for FREMF 2022-K146
24 May 2024 | 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 2024 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, which is not within the Top 10 nor does it have an estimated loss.
The transaction's WA KLTV is 118.3%, compared to 119.5% at last review and securitization. The KDSC is 1.46x, compared to 1.42x at last review and securitization.
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