Press Release|CMBS
View PDF

KBRA Affirms All Ratings for CFCRE 2017-C8

8 May 2026   |   New York

Contacts

KBRA affirms all of its outstanding ratings for CFCRE 2017-C8, a $492.7 million CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited pool performance generally in line with securitization.

As of the April 2026 remittance period, there are two specially serviced assets (4.7% of the pool balance). KBRA identified nine K-LOCs (29.7%), including the specially serviced assets. Of the K-LOCs, one (0.5%) has an estimated loss. The K-LOCs are depicted in the table below:

Loss Given Default (000s) Loss Severity 2 Pershing Square Building MU $44,000 8.9% N C N Occupancy 04/27/2023 - - 3 Crossings at Hobart RT $34,787 7.1% N C N DSCR 08/09/2024 - - 9 Flats East Bank Phase I MU $20,763 4.2% Y C Y Specially Serviced 12/13/2019 - - 17 Brink's Office OF $12,790 2.6% N C N Lease Rollover 04/14/2026 - - 22 Center West OF $10,000 2.0% N C N DSCR 12/26/2022 - - 21 Baypoint Commerce Center OF $8,801 1.8% N C N Occupancy 06/27/2024 - - 25 Hickory Corners RT $8,570 1.7% N C N Tenant Issues 09/12/2024 - - 38 Park Pineway Plaza RT $4,277 0.9% N C N Tenant Issues 09/12/2024 - - 42 Best Western Syracuse-Liverpool LO $2,400 0.5% Y C Y Specially Serviced 05/28/2019 $873 36.4% Total K-LOCs $146,389 29.7% $873 1. K-LOC Date is the date when the most recent K-LOC was initially determined. 2. Loss Given Default assumes a 100% probability of default (PD). KBRA may determine a lower PD when estimating losses to a transaction. KBRA Estimated 2 K-LOCs Prosp. ID Loan Name Prop Type Current In- Trust Balance (000s) % of Deal Balance SS Loan Status Mod (Y/N) Primary K-LOC Reason K-LOC Date 1
Source: KBRA

Excluding the K-LOCs with estimated losses, the transaction’s WA KLTV is 100.4%, compared to 96.0% at KBRA's last ratings change and 100.7% at securitization. The KDSC is 1.51x, compared to 1.49x at KBRA's last ratings change and 1.52x at securitization.

To access ratings and relevant documents, click here.

Click here to view the report.

Related Publication

Methodologies

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

Doc ID: 1014832