NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to eight classes of CGCMT 2018-TBR, a $189.1 million CMBS single-asset, single-borrower transaction. The collateral for the transaction is a $189.1 million non-recourse, first lien mortgage loan. The floating rate loan has an initial two-year term with five, one-year extension options and requires monthly interest-only payments based on one-month LIBOR plus a spread of 1.99%.
