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KBRA Assigns Preliminary Ratings to CoreVest American Finance 2021-1
April 15, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 15, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to nine classes of certificates issued in the CoreVest American Finance 2021-1 (CAF 2021-1) securitization. This will be the fifteenth such transaction issued by CoreVest American Finance.
CAF 2021-1 is a $276.0 million multi-borrower securitization collateralized by 61 single-family rental (SFR) and traditional multifamily loans. The loans are secured by mortgages on 3,134 rental units in 2,253 single-family, 2-4 family, and multifamily properties. The subject pool includes 64 multifamily properties (567 units), which represent 18.2% of the total pool balance.
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