In New York, credit rating agency KBRA has assigned preliminary ratings to eight classes of BRSP 2026-FL3, a managed CRE CLO securitization. This securitization allows for reinvestment of principal proceeds for 30 months with a 180-day ramp-up period. Initially, it will be backed by 29 mortgage loans totaling $856.7 million as of the cutoff date, with an additional $98.3 million in cash collateral for acquiring ramp assets. The transaction offers significant opportunities for growth and diversification within the commercial real estate sector.