KBRA Assigns Preliminary Ratings to MED 2024-MOB
KBRA announces the assignment of preliminary ratings to three classes of MED 2024-MOB, a CMBS single-borrower securitization.
- KBRA announces the assignment of preliminary ratings to three classes of MED 2024-MOB, a CMBS single-borrower securitization.
- The collateral for the transaction is a $450.5 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 based on a SOFR cap of 5.50%.
- The portfolio properties are located in 13 states, of which the three largest are New York (29.4%), Texas (20.4%), and Indiana (10.1%).