KBRA Assigns Preliminary Ratings to SMRT 2026-MINI
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA announces the assignment of preliminary ratings to four classes of SMRT 2026-MINI, a CMBS single-borrower securitization. The collateral for the transaction is a $2.125 billion floating rate, interest-only mortgage loan. The loan is expected to have a two-year initial term with three, 12-month extension options and will require monthly interest-only payments based on one-month Term SOFR plus an assumed spread of 2.30%. The loan will be secured by the borrower’s f