KBRA Assigns Preliminary Ratings to BDS 2019-FL3

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to seven classes of BDS 2019-FL3, a $600.0 million managed commercial real estate collateralized loan obligation (CRE CLO) securitization, with a 24-month reinvestment period that includes a 180-day ramp-up period. Bridge Debt Strategies Fund Manager LLC, a majority-owned subsidiary of Bridge Investment Group, will serve as the transaction’s collateral manager. The transaction