KBRA Assigns Preliminary Ratings to J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-LAQ

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to eight classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-LAQ, a $1.0 billion CMBS single-asset, single-borrower transaction. The collateral for the securitization consists of a $1.0 billion non-recourse, first lien, floating-rate mortgage loan that is secured by the borrowers’ interests in 307 hotels including their fee simple interests in 295 lodging pr