WFCM

KBRA Releases Research - CMBS Loan Performance Trends: March 2024

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Finance, CMBS, WFCM, Mom, Sale, LL, KBRA, Self storage

KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the March 2024 servicer reporting period.

Key Points: 
  • KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the March 2024 servicer reporting period.
  • The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities (CMBS) in March remained steady at 4.5%, up 2 basis points (bps) from February.
  • The total delinquent and specially serviced loan rate (distress rate) also remained steady at 7.5% compared to 7.47% last month.
  • In this report, KBRA provides observations across our $314.5 billion rated universe of U.S. private label CMBS including conduits, single-asset single borrower (SASB), and large loan (LL) transactions.

KBRA Releases Research – CMBS Loan Performance Trends: October 2022

Retrieved on: 
Wednesday, October 26, 2022
Banking, Professional Services, Finance, Westfield Valencia Town Center, LL, WFCM, Rogue Valley Mall, Growth, Population, KBRA, CMBS, Bank

KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the October 2022 servicer reporting period.

Key Points: 
  • KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the October 2022 servicer reporting period.
  • The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities (CMBS) notched up a modest 2 basis points (bps) in October to 2.78% and has remained relatively unchanged from the rate recorded in August 2022.
  • In this report, KBRA provides observations across our $319.2 billion rated universe of U.S. private label CMBS including conduits, single-asset single borrower (SASB), and large loan (LL) transactions.
  • Retail, office, and industrial served as the main drivers of the monthly growth and altogether added roughly $349.5 million to the special servicing total among KBRA- rated transactions.

KBRA Assigns Preliminary Ratings to WFCM 2022-C62

Retrieved on: 
Monday, March 28, 2022
Professional Services, Finance, MSAS, CMBS, KLTV, KBRA, WFCM, Long Lake, Probability, SF, Security (finance)

KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of WFCM 2022-C62, a $531.9 million CMBS conduit transaction collateralized by 46 commercial mortgage loans secured by 82 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of WFCM 2022-C62, a $531.9 million CMBS conduit transaction collateralized by 46 commercial mortgage loans secured by 82 properties.
  • The collateral properties are located throughout 45 MSAs, of which the three largest are Houston (8.2%), Los Angeles (7.6%), and New York (6.5%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 41.3% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

Hong Kong Tourism Board: Hong Kong Successfully Hosts the 18th World Congress of Chinese Medicine for the First Time

People, Government, Health, World Health Organization, National Committee, Traditional Chinese medicine, Federation, Conference, GBM, Hon, Hong Kong Baptist University, Chinese People's Political Consultative Conference, Belt, Hong Kong Special Administrative Region passport, GBS, National Government, National Committee of the Chinese Educational, Scientific, Cultural, Medical and Sports Workers' Union, World, Thomas Cowan (alternative medicine practitioner), Congress, Hong Kong Tourism Board, KONG, Property Owned by the Central People's Government in the Hong Kong Special Administrative Region, Politics, WFCM, Endoscopy, Convention center, School, World government, Hong Kong Convention and Exhibition Centre, Culture, Guangdong-Hong Kong-Macau Greater Bay Area, ELSA, HKTB, WCCM, HKCA, Medicine, SAR, Republic, Association, TCM, Food, Film, Tutoring

HONG KONG SAR - Media OutReach - 6 December 2021 - The 18th World Congress of Chinese Medicine (WCCM), one of the world's largest academic events in the field of Traditional Chinese Medicine (TCM), was successfully held in Hong Kong for the first time at the Hong Kong Convention and Exhibition Centre on 4 December 2021.

Key Points: 
  • HONG KONG SAR - Media OutReach - 6 December 2021 - The 18th World Congress of Chinese Medicine (WCCM), one of the world's largest academic events in the field of Traditional Chinese Medicine (TCM), was successfully held in Hong Kong for the first time at the Hong Kong Convention and Exhibition Centre on 4 December 2021.
  • Mr. Ma Jianzhong, President of WFCMS, said, "We are pleased to host this edition of WCCM in Hong Kong for the first time.
  • Apart from TCM, Hong Kong will continue to leverage the city's advantages as an East-meets-West showcase to promote the very best of Chinese heritage."
  • The National Administration of TCM and the Hong Kong Food and Health Bureau acted as advisors, and it was organised by the WFCMS, along with the Hong Kong Registered Chinese Medicine Practitioners Association and the WFCM (Hong Kong) Council Members Association as local hosts.

KBRA Assigns Preliminary Ratings to WFCM 2021-C61

Retrieved on: 
Monday, November 15, 2021
Banking, Professional Services, Finance, Bond, MSAS, The Hague, CMBS, Probability, WFCM, KLTV, TLR, KBRA, Security (finance)

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 38 classes of WFCM 2021-C61, a $764.4 million CMBS conduit transaction collateralized by 61 commercial mortgage loans secured by 165 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 38 classes of WFCM 2021-C61, a $764.4 million CMBS conduit transaction collateralized by 61 commercial mortgage loans secured by 165 properties.
  • The collateral properties are located throughout 39 MSAs, of which the three largest are Houston (9.2%), Los Angeles (7.6%), and Miami (7.2%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 43.4% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Assigns Preliminary Ratings to WFCM 2021-C59

Retrieved on: 
Monday, April 19, 2021
Banking, Professional services, Finance, Finance, Money, Structured finance, Mortgage-backed security, Fixed-income securities, Commercial mortgage-backed security, Corporate finance, Commercial mortgage, Financial economics, KBRA, WFCM, Credit rating agency

b"Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 37 classes of WFCM 2021-C59, an $826.1 million CMBS conduit transaction collateralized by 63 commercial mortgage loans secured by 99 properties.\nThe collateral properties are located throughout 47 MSAs, the largest three of which are Philadelphia (10.7%), Detroit (9.3%), and New York (8.9%).

Key Points: 
  • b"Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 37 classes of WFCM 2021-C59, an $826.1 million CMBS conduit transaction collateralized by 63 commercial mortgage loans secured by 99 properties.\nThe collateral properties are located throughout 47 MSAs, the largest three of which are Philadelphia (10.7%), Detroit (9.3%), and New York (8.9%).
  • The pool has exposure to all of the major property types, with three types representing more than 15.0% of the pool balance: office (36.2%), retail (16.3%), and industrial (15.7%).
  • KBRA capitalization rates were applied to each asset\xe2\x80\x99s KNCF to derive values that were, on an aggregate basis, 42.9% less than third party appraisal values.
  • To access ratings and relevant documents, click here .\n"

KBRA Assigns Preliminary Ratings to WFCM 2020-C58

Retrieved on: 
Monday, November 30, 2020
Banking, Professional services, Finance, Finance, Money, Structured finance, Mortgage-backed security, Financial services, Fixed-income securities, Corporate finance, Commercial mortgage-backed security, Commercial mortgage, KBRA, WFCM

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 35 classes of WFCM 2020-C58, a $696.3 million CMBS conduit transaction collateralized by 48 commercial mortgage loans secured by 70 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 35 classes of WFCM 2020-C58, a $696.3 million CMBS conduit transaction collateralized by 48 commercial mortgage loans secured by 70 properties.
  • The collateral properties are located throughout 31 MSAs, the largest three of which are Sacramento (14.4%), Los Angeles (12.2%), and New York (7.2%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 43.5% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Assigns Preliminary Ratings to WFCM 2020-C57

Retrieved on: 
Wednesday, August 12, 2020
Banking, Professional services, Finance, Finance, Money, Structured finance, Corporate finance, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Financial economics, KBRA, WFCM

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 30 classes of WFCM 2020-C57, a $560.5 million CMBS conduit transaction collateralized by 40 commercial mortgage loans secured by 71 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 30 classes of WFCM 2020-C57, a $560.5 million CMBS conduit transaction collateralized by 40 commercial mortgage loans secured by 71 properties.
  • The collateral properties are located throughout 42 MSAs, the largest three of which are New York (13.1%), Santa Barbara-Santa Maria-Lompoc (6.2%), San Diego (5.2%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 41.2% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Assigns Ratings to WFCM 2020-C56

Retrieved on: 
Thursday, June 4, 2020
Banking, Professional services, Finance, Finance, Money, Financial markets, Mortgage-backed security, Structured finance, Kroll Bond Rating Agency, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Credit rating agency, KBRA, WFCM

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of ratings to 17 classes of WFCM 2020-C56, a $731.1 million CMBS conduit transaction collateralized by 44 commercial mortgage loans secured by 64 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of ratings to 17 classes of WFCM 2020-C56, a $731.1 million CMBS conduit transaction collateralized by 44 commercial mortgage loans secured by 64 properties.
  • The pool has exposure to all of the major property types, with two types representing more than 10.0% of the pool balance: multifamily (43.2%) and office (23.1%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 42.3% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Assigns Preliminary Ratings to WFCM 2020-C55

Retrieved on: 
Monday, February 3, 2020
Professional services, Finance, Finance, Money, Economy, Kroll Bond Rating Agency, Mortgage-backed security, Mortgage, Structured finance, Corporate finance, Commercial mortgage, KBRA, WFCM, Capitalization rate

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of WFCM 2020-C55 (see ratings list below), a $962.8 million CMBS conduit transaction collateralized by 66 commercial mortgage loans secured by 123 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of WFCM 2020-C55 (see ratings list below), a $962.8 million CMBS conduit transaction collateralized by 66 commercial mortgage loans secured by 123 properties.
  • The collateral properties are located in 27 states, with the top three states represented by New York (26.1%), Pennsylvania (7.7%), and California (7.3%).
  • The pool has exposure to all the major property types, with the top three being office (26.5%), retail (26.3%), and multifamily (14.8%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 39.2% less than third party appraisal values.