{"id":49202,"date":"2026-07-31T23:51:00","date_gmt":"2026-07-31T21:51:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=0a40b6f71ba240884937fa5c626964d8"},"modified":"2026-07-31T23:51:00","modified_gmt":"2026-07-31T21:51:00","slug":"kbra-assigns-preliminary-ratings-to-oakre-2026-fl1","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=49202","title":{"rendered":"KBRA Assigns Preliminary Ratings to OAKRE 2026-FL1"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA is pleased to announce the assignment of preliminary ratings to eight classes of OAKRE 2026-FL1, a managed CRE CLO securitization with the ability to reinvest principal proceeds for 30 months.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260731396480\/en\/2865358\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260731396480\/en\/2865358\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260731396480\/en\/2865358\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260731396480\/en\/2865358\/21\/kbra-logo.jpg\" \/><\/a><p>\nThe transaction will initially be collateralized by 12 mortgage loans with an aggregate cutoff date in-trust balance of $740.5 million, $153.3 million of cash collateral for the anticipated acquisition of four pre-identified assets, and $106.2 million of cash collateral for the acquisition of additional ramp assets. Additionally, the transaction provides the sponsor with the ability to effectuate modifications to performing loans, as well as buy out defaulted and credit risk assets. The 16 loans are collateralized by 18 individual assets, which are classified as multifamily (81.4%), lodging (11.2%), and industrial (7.4%).<\/p><p>\nThe transaction also includes a par value test (overcollateralization, or OC) and an interest coverage (IC) test. If either test is not satisfied on any determination date, on the following payment date, interest proceeds remaining after interest is paid to the Class E notes will be used to pay down the principal balances of the Class A through E notes in sequential order until the test is satisfied, or such classes of notes are paid in full.<\/p><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F70102%2Fratings&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=673eb10aefdbbaf33dda705c9222cd9e\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nClick <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FTjktBTJP%2Foakre-2026-fl1-pre-sale-report%3F&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=29d871dea6317762900859afd7a884ce\" rel=\"nofollow\" shape=\"rect\">here<\/a> to view the report.<\/p><p>\n<strong>Methodologies<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FRjVgkPtk&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=Structured+Finance%3A+Global+Structured+Finance+Counterparty+Methodology&amp;index=3&amp;md5=e3c17808b8179cba10b8582b88968274\" rel=\"nofollow\" shape=\"rect\">Structured Finance: Global Structured Finance Counterparty Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FscYtxXvV&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=CMBS%3A+North+American+CMBS+Multi-Borrower+Rating+Methodology&amp;index=4&amp;md5=46c8274212a1557e707cb93b0397256d\" rel=\"nofollow\" shape=\"rect\">CMBS: North American CMBS Multi-Borrower Rating Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FhrxjTYTm&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=CMBS%3A+North+American+CMBS+Property+Evaluation+Methodology&amp;index=5&amp;md5=5d64c486ffe5d62d8f4eea050e1a1cbc\" rel=\"nofollow\" shape=\"rect\">CMBS: North American CMBS Property Evaluation Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FHmhXVxdT&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=CMBS%3A+North+American+CMBS+Single+Borrower+%26amp%3B+Large+Loan+Rating+Methodology&amp;index=6&amp;md5=2c0c28b5db45dd1a514b4f15301f5bb6\" rel=\"nofollow\" shape=\"rect\">CMBS: North American CMBS Single Borrower &amp; Large Loan Rating Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nFurther information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FJZRHwTBd%2F&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=ESG+factors&amp;index=7&amp;md5=6bbe678fa1bfa86e0baaae5a529230b4\" rel=\"nofollow\" shape=\"rect\">ESG factors<\/a> (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.<\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F70102%2Fdisclosures&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=here&amp;index=8&amp;md5=c9276cd7b4c74ce1d7f9b1a077e8a220\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=here&amp;index=9&amp;md5=a31b39b7f14b9675b1dae7400a8b6bc3\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54580847&amp;newsitemid=20260731396480&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=10&amp;md5=27c32d7895e7ff91b619c8e6b1c7e863\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1016264<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nIan Johnson, Associate (Lead Analyst)\n<br\/>+1 646-731-1273\n<br\/><a  href=\"mailto:ian.johnson@kbra.com\" rel=\"nofollow\" shape=\"rect\">ian.johnson@kbra.com<\/a><\/p><p>\nMichael McGorty, Senior Director\n<br\/>+1 646-731-2393\n<br\/><a  href=\"mailto:michael.mcgorty@kbra.com\" rel=\"nofollow\" shape=\"rect\">michael.mcgorty@kbra.com<\/a><\/p><p>\nNitin Bhasin, Senior Managing Director, Global Head of CMBS (Rating Committee Chair)\n<br\/>+1 646-731-2334\n<br\/><a  href=\"mailto:nitin.bhasin@kbra.com\" rel=\"nofollow\" shape=\"rect\">nitin.bhasin@kbra.com<\/a><\/p><p>\n<strong>Business Development Contact<\/strong><\/p><p>\nAndrew Foster, Senior Director\n<br\/>+1 646-731-1470\n<br\/><a  href=\"mailto:andrew.foster@kbra.com\" rel=\"nofollow\" shape=\"rect\">andrew.foster@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA is pleased to announce the assignment of preliminary ratings to eight classes of OAKRE 2026-FL1, a managed CRE CLO securitization with the ability to reinvest principal proceeds for 30 months.<br \/>\nThe tr&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49202","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/49202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49202"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/49202\/revisions"}],"predecessor-version":[{"id":49203,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/49202\/revisions\/49203"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}