KBRA Assigns Preliminary Ratings to MHP Commercial Mortgage Trust 2021-STOR
Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to nine classes of MHP Commercial Mortgage Trust 2021-STOR, a CMBS singe-borrower securitization.
- Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to nine classes of MHP Commercial Mortgage Trust 2021-STOR, a CMBS singe-borrower securitization.
- The collateral for the transaction is a $468.0 million non-recourse, first lien mortgage loan.
- The floating rate loan has an initial two-year term with three one-year extension options and requires monthly interest-only payments based on one-month LIBOR.
- The portfolio properties total 4.0 million sf, inclusive of 678,097 sf of commercial and parking space, with assets ranging from 16,022 sf to 175,750 sf.