Printer Friendly

Fitch Ratings assigns ratings to Benchmark 2018-B1.

New York: Fitch Ratings, a nationally recognized statistical rating organization (NRSRO) designated by the U.S. Securities and Exchange Commission, assigned the following ratings and Rating Outlooks to Benchmark 2018-B1 Mortgage Trust commercial mortgage pass-through certificates series 2018-B1.

Since Fitch published its expected ratings on Jan. 16, 2018, class A-4 decreased in size from $175,000,000 to $135,000,000, and class A-5 increased in size from $347,112,000 to $387,112,000. The classes above reflect the final ratings and deal structure.

The certificates represent the beneficial ownership interest in the trust, primary assets of which are 49 loans secured by 173 commercial properties having an aggregate principal balance of $1,166,378,009 as of the cut-off date. The loans were contributed to the trust by German American Capital Corporation, JPMorgan Chase Bank, National Association, and Citi Real Estate Funding Inc.

Fitch reviewed a comprehensive sample of the transaction's collateral, including site inspections on 74.8% of the properties by balance, cash flow analysis of 89.9%, and asset summary reviews of 100.0% of the pool.

COPYRIGHT 2018 Plus Media Solutions
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Apr 20, 2018
Words:181
Previous Article:Fitch Ratings affirms its 'AA' rating on Florida Department 2005A and 2007.
Next Article:Stricter credit discipline helping Chilean banks' earnings.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters