KBRA Assigns Preliminary Ratings to HLTN 2024-DPLO
KBRA announces the assignment of preliminary ratings to seven classes of HLTN 2024-DPLO, a CMBS single-borrower securitization.
- KBRA announces the assignment of preliminary ratings to seven classes of HLTN 2024-DPLO, a CMBS single-borrower securitization.
- The floating rate loan is expected to have a two-year initial term with three 12-month extension options and require monthly interest-only payments.
- The mortgage loan will be secured by the borrower’s fee simple interest in The Diplomat Beach Resort located in Hollywood, Florida.
- In addition, KBRA also relied on its Global Structured Finance Counterparty Methodology for assessing counterparty risk in this transaction, and its ESG Global Rating Methodology , to the extent deemed applicable.