KBRA Affirms All Ratings for FREMF 2023-K161
20 Nov 2024 | New York
KBRA affirms all of its outstanding ratings for FREMF 2023-K161, 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 stable pool performance since securitization.
As of the October 2024 remittance period, there are no delinquent or specially serviced loans. KBRA identified one K-LOC (1.5% of the pool balance), which is not within the Top 10 nor does it have an estimated loss.
The transaction's WA KLTV is 102.1%, unchanged since securitization. The WA KDSC is 1.32x, unchanged since securitization.
To access ratings and relevant documents, click here.
Click here to view the report.