NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to seven classes of BSPRT 2018-FL3, a $610.0 million managed commercial real estate collateralized loan obligation (CRE CLO) securitization, with a 24-month reinvestment period that includes a 120-day ramp-up period. BSPRT Operating Partnership, an affiliate of Benefit Street Partners, L.L.C., will serve as the transaction’s collateral manager. The transaction will initially b