BRA Assigns Preliminary Ratings to BX Commercial Mortgage Trust 2020-BXLP

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to nine classes of BX Commercial Mortgage Trust 2020-BXLP, a CMBS single-borrower securitization. The collateral for the transaction is a $3.4 billion non-recourse, first lien mortgage loan. The floating rate, interest-only loan has a two-year initial term and includes three, one-year extension options. The loan is secured by the borrowers’ fee simple and leasehold interests in 349 industr