KBRA Affirms All Ratings for FREMF 2021-K130
20 Jun 2025 | New York
KBRA affirms all of its outstanding ratings for FREMF 2021-K130, 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 an improvement in overall pool performance since securitization.
As of the May 2025 remittance period, there are no delinquent or specially serviced loans; however, one loan has been identified as a K-LOC (0.6% of the pool balance). The loan does not have an estimated loss at this time.
The transaction’s WA KLTV is 105.2%, compared to 107.2% at last review and 122.9% at closing. The WA KDSC is 1.96x, compared to 1.86x at last review and 1.62x at closing.
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