Kushner Real Estate Group (KRE Group)

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New Issue Deal Count

Recent New Issue

Kushner Real Estate Group (KRE Group)

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
A	USD	37.480	9.88	-	-	AAA	-	-	-	-	-	Fixed	SOFR	105a	110	3.08%	2.739%	102.99670
B	USD	8.920	9.88	-	-	AA-	-	-	-	-	-	Fixed	SOFR	-	135	3.34%	2.989%	102.99290
C	USD	14.710	9.88	-	-	A-	-	-	-	-	-	Fixed	SOFR	150a	155	3.45%	3.190%	102.71290
D	USD	24.900	9.88	-	-	BBB-	-	-	-	-	-	Fixed	SOFR	-	180	3.45%	3.440%	100.61400
E	USD	28.960	9.88	-	-	BB-	-	-	-	-	-	Fixed	SOFR	250a	260	3.45%	4.240%	94.22750
F	USD	30.410	9.88	-	-	B-	-	-	-	-	-	Fixed	SOFR	-	345	3.45%	5.089%	87.95800
G	USD	58.520	9.88	-	-	NR	-	-	-	-	-	Fixed	SOFR	450	450	3.45%	6.140%	80.88230
HRR	USD	12.600	9.88	-	-	NR	-	-	-	-	-	-	-	-	-	-	-	Retained

More Details

Filings

ABS-15G

Tranche Comments

A: Registration: Registered; B: Registration: Registered; C: Registration: Registered; D: Registration: Registered; E: Registration: Registered; F: Registration: Registered; G: Registration: Registered; HRR: Registration: Registered; Comments: Preplaced;

Deal Comments

Sponsor is an affiliate of Kushner Real Estate Group (KRE Group) and INDURE Build-to-Core Fund LLC

Collateral

The Whole Loan is secured by a first-lien mortgage on the Borrower's fee simple interest in Journal Squared Tower II, a 71-story luxury residential tower containing 704 units, 17,500 square feet of ground floor retail space, and an in-building 351-space parking garage, located in Jersey City, NJ. The Whole Loan was used to refinance an existing $258 million construction loan, which was originated by Wells Fargo

Use of Proceeds

Refinancing

WA Cut-Off LTV

72.4%