In New York, credit rating agency KBRA has assigned preliminary ratings to eight classes of ACORE 2026-FL1, a managed CRE CLO securitization allowing reinvestment of principal proceeds for up to 30 months. The initial collateral for this transaction consists of 22 mortgage loans, totaling $1.1 billion in an aggregate cutoff date in-trust balance. Furthermore, the sponsor has the authority to make modifications to performing loans and buy out defaulted ones within the deal.