NCF

KBRA Assigns Preliminary Ratings to FREMF 2024-K755 and Freddie Mac Structured Pass-Through Certificate Series K-755

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Finance, KBRA, CMBS, NCF, Probability, Freddie Mac, SPCS

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K755 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-755.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K755 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-755.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2024-K755 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 34 fixed-rate multifamily mortgage loans.
  • The assets are located in 18 states, with the three largest concentrations in Florida (21.1%), Pennsylvania (10.5%), and Texas (10.5%).

KBRA Assigns Preliminary Ratings to HTL 2024-T53

Retrieved on: 
Monday, April 1, 2024
Professional Services, Finance, ADR, HTL, TTM, CMBS, KLTV, RevPAR, NCF, Engineering, KBRA, Telescopic sight

KBRA announces the assignment of preliminary ratings to six classes of HTL 2024-T53, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to six classes of HTL 2024-T53, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $631.5 million fixed rate, interest-only mortgage loan.
  • The loan will be secured by the borrowers’ fee simple interests in 53 hotels, all located in 14 states.
  • As of TTM 1/2024, the portfolio achieved weighed average occupancy, ADR and RevPAR penetration rates of 106.9%, 109.1% and 118.8%, respectively.

KBRA Assigns Preliminary Ratings to BX 2024-BRVE

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Finance, ADR, BX, CMBS, KLTV, Methodology, RevPAR, NCF, Engineering, KBRA

KBRA announces the assignment of preliminary ratings to seven classes of BX 2024-BRVE, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to seven classes of BX 2024-BRVE, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $428.5 million floating rate, interest-only mortgage loan.
  • The loan has an initial two-year term with three, one-year extension options and requires monthly interest-only payments.
  • The resulting in-trust KBRA Loan to Value (KLTV) is 77.9%.

KBRA Assigns Preliminary Ratings to DC Trust 2024-HLTN

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Finance, Methodology, RevPAR, ADR, Acquisition, KBRA, TTM, Morgan Stanley, Washington Hilton, CMBS, NCF, FedEx, Restaurant, FedEx Office, KLTV, Engineering, Telescopic sight

KBRA announces the assignment of preliminary ratings to eight classes of DC Trust 2024-HLTN, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to eight classes of DC Trust 2024-HLTN, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $229.7 million non-recourse, first lien mortgage loan that is expected to be originated by Morgan Stanley.
  • The fixed rate loan has a four-year term and requires monthly interest-only payments that will be based on an estimated coupon of 7.90%.
  • The mortgage loan will be secured by the borrower’s fee simple interest in the Washington Hilton, a 1,107-key full-service hotel located in Washington, DC, in the Dupont Circle neighborhood.

KBRA Assigns Preliminary Ratings to BX 2024-PAT

Retrieved on: 
Wednesday, February 28, 2024
Banking, Professional Services, Finance, Engineering, CMBS, Park Avenue Tower, BX, NCF, Methodology, KLTV, KBRA, Telescopic sight

KBRA announces the assignment of preliminary ratings to six classes of BX 2024-PAT, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to six classes of BX 2024-PAT, a CMBS single-borrower securitization.
  • The loan has an initial two-year term with three, one-year extension options and requires monthly interest-only payments based on a SOFR cap of 5.00%.
  • The loan is secured by the borrowers’ fee simple interest in Park Avenue Tower, a 36-story, Class-A office tower containing 621,992 sf.
  • The building is located between Park and Madison Avenues and spans the entire block between 55th and 56th Streets in Midtown Manhattan.

Samsung Develops Industry-First 36GB HBM3E 12H DRAM

Retrieved on: 
Tuesday, February 27, 2024
Semiconductor, Hardware, Consumer Electronics, Technology, Artificial Intelligence, Data-rate units, TCO, Multimedia, NCF, AI, HBM, Samsung Electronics, Samsung, HBM3, Memory, Electronics, TC, Mobile phone

Samsung Electronics Co., Ltd., a world leader in advanced memory technology, today announced that it has developed HBM3E 12H, the industry’s first 12-stack HBM3E DRAM and the highest-capacity HBM product to date.

Key Points: 
  • Samsung Electronics Co., Ltd., a world leader in advanced memory technology, today announced that it has developed HBM3E 12H, the industry’s first 12-stack HBM3E DRAM and the highest-capacity HBM product to date.
  • View the full release here: https://www.businesswire.com/news/home/20240226986259/en/
    Samsung Develops Industry-First 36GB HBM3E 12H DRAM (Photo: Business Wire)
    Samsung’s HBM3E 12H provides an all-time high bandwidth of up to 1,280 gigabytes per second (GB/s) and an industry-leading capacity of 36 gigabytes (GB).
  • “The industry’s AI service providers are increasingly requiring HBM with higher capacity, and our new HBM3E 12H product has been designed to answer that need,” said Yongcheol Bae, Executive Vice President of Memory Product Planning at Samsung Electronics.
  • As AI applications grow exponentially, the HBM3E 12H is expected to be an optimal solution for future systems that require more memory.

KBRA Assigns Preliminary Ratings to FREMF 2024-K162 and Freddie Mac Structured Pass-Through Certificate Series K-162

Retrieved on: 
Monday, February 5, 2024
Professional Services, Finance, Freddie Mac, NCF, KBRA, CMBS, Mamaroneck, New York, SPCS, Probability, Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K162 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-162.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K162 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-162.
  • FREMF 2024-K162 is a $1.05 billion CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2024-K162 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 46 fixed-rate multifamily mortgage loans.

KBRA Assigns Preliminary Ratings to BX 2024-BIO

Retrieved on: 
Monday, January 22, 2024
Professional Services, Finance, Kendall Square, KBRA, Methodology, CMBS, Government of Pakistan, BX, KLTV, Boston, Gateway, Engineering, NCF

KBRA announces the assignment of preliminary ratings to four classes of BX 2024-BIO, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to four classes of BX 2024-BIO, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $1.2 billion floating rate, interest-only mortgage loan.
  • The loan has an initial two-year term with three, one-year extension options and requires monthly interest-only payments based on a SOFR cap of 4.00%.
  • The loan is secured by the borrower’s fee simple interest in the Kendall Square Portfolio (“Kendall Square”) and Gateway of Pacific Phase I (“GoP Phase I”) property.

Nathan Cummings Foundation Opens Grant and PRI Opportunity for Racial, Economic, Environmental Justice

Retrieved on: 
Tuesday, January 16, 2024
Organization, PRI, Nathan Cummings Foundation, Pris, Communication, NCF

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- The Nathan Cummings Foundation (NCF) announced today that it is accepting proposals for grants and program-related investments (PRIs).

Key Points: 
  • NEW YORK, Jan. 16, 2024 /PRNewswire/ -- The Nathan Cummings Foundation (NCF) announced today that it is accepting proposals for grants and program-related investments (PRIs).
  • This grant and PRI opportunity flows from the foundation's strategic plan to activate the totality of its assets to support organizations driving people-centric impact outcomes toward racial, economic, and environmental justice (REEJ).
  • "We are excited to have an open line for values-aligned organizations and innovators to reach us," said NCF President and CEO Rey Ramsey.
  • For additional information about this announcement, please contact NCF's Director of Communications Candice Wynter, at [email protected] .

KBRA Assigns Preliminary Ratings to BX 2024-XL4

Retrieved on: 
Friday, January 12, 2024
Professional Services, Finance, KBRA, CMBS, BX, KLTV, Engineering, NCF, Telescopic sight

KBRA announces the assignment of preliminary ratings to six classes of BX 2024-XL4, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to six classes of BX 2024-XL4, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $1.5 billion floating rate, interest-only mortgage loan.
  • The loan has an initial two-year term with three, one-year extension options and requires monthly interest-only payments based on a SOFR cap of 5.00%.
  • In total, the portfolio contains 14.0 million sf and is located in eight states throughout the US.