KBRA Assigns Preliminary Ratings to LCCM 2017-FL1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to assign preliminary ratings to seven classes of LCCM 2017-FL1, a $456.9 million CRE CLO transaction with limited post-closing acquisition ability. The transaction will initially be collateralized by 19 mortgage loan assets with an aggregate cut-off date principal balance of $456.9 million. The initial collateral consists of whole loans or participations in whole loans. With respect to the participations, eleven loans (74.1%