KBRA Assigns Ratings to CENT 2023-CITY
KBRA announces the assignment of ratings to three classes of CENT 2023-CITY, a CMBS single-borrower securitization.
- KBRA announces the assignment of ratings to three classes of CENT 2023-CITY, a CMBS single-borrower securitization.
- 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 term SOFR.
- 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.
- The resulting in-trust KBRA Loan to Value (KLTV) is 69.9%.