KBRA Affirms All Ratings for FREMF 2022-K147
21 Jun 2024 | New York
KBRA affirms all of its outstanding ratings for FREMF 2022-K147, 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 May 2024 remittance period, there are no delinquent or specially serviced loans. KBRA identified three K-LOCs (2.9% of the pool balance), none of which are within the Top 10 nor have estimated losses.
The transaction's WA KLTV is 115.9%, compared to 116.3% at last review and 116.4% at securitization. The WA KDSC is 1.40x, compared to 1.36x at last review and securitization.
To access rating and relevant documents, click here.
Click here to view the report.