Galleria at Sunset

KBRA Assigns Preliminary Ratings to BMO 2024-5C4

Retrieved on: 
Friday, April 19, 2024
Professional Services, Finance, CMBS, Galleria at Sunset, KBRA, KLTV, BMO, Probability, Sunset, Northern Virginia

KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of BMO 2024-5C4, a $862.9 million CMBS conduit transaction collateralized by 39 commercial mortgage loans secured by 71 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of BMO 2024-5C4, a $862.9 million CMBS conduit transaction collateralized by 39 commercial mortgage loans secured by 71 properties.
  • The pool has exposure to all property types, with three types representing more than 15.0% of the pool balance: multifamily (31.7%), industrial (15.5%), and office (15.5%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 37.6% less than third party appraisal values.
  • The model deploys rent and occupancy stresses, probability of default regressions, and loss given default calculations to determine losses for each collateral loan that are then used to assign our credit ratings.

Century Communities to Join Henderson's Cadence Planned Community

Retrieved on: 
Thursday, October 8, 2020
Cadence, Galleria at Sunset, Galleria, Henderson, Nevada, Music of Haiti, Geography of Nevada, Clark County, Nevada

LAS VEGAS, Oct. 8, 2020 /PRNewswire/ --Century Communities, Inc.(NYSE: CCS), a top 10 national homebuilder, announced it's acquired land for a new community in Henderson's celebrated Cadence planned community, boasting over 450 acres of open space, multiple parksincluding the 50-acre central parksplash pads, a pool, sports courts, trail access and more.

Key Points: 
  • LAS VEGAS, Oct. 8, 2020 /PRNewswire/ --Century Communities, Inc.(NYSE: CCS), a top 10 national homebuilder, announced it's acquired land for a new community in Henderson's celebrated Cadence planned community, boasting over 450 acres of open space, multiple parksincluding the 50-acre central parksplash pads, a pool, sports courts, trail access and more.
  • Cadence also offers a prime location near attractions like Lake Mead and the Galleria at Sunset shopping mall.
  • Century Communities' new community at Cadence is projected to open in Summer 2021 and will offer buyers their choice of six two-story floor plans, with up to 5 bedrooms and 2,947 square feet.
  • Join Century Communities' VIP list for updates on pricing, pre-sales and more: CenturyCommunities.com/CadenceVIP .