Kroll rated its first conduit CMBS deal in March.
The latest security is backed by 61 fixed-rate commercial mortgages for 80 properties. According to the prospectus, more than 57% of the properties are retail buildings. Another 13% are office spaces.
Nearly 28% of the buildings are concentrated in California, the most of any state in the deal.
Roughly $945 million in four separate classes received a AAA rating.
The weighted average loan term on the deal is 9.8 years with an average coupon of 4.96%.
Wells Fargo was named the master servicer on the CMBS with Torchlight Loan Services as the special servicer.