---
title: "KBRA assigns ratings to BRSP 2026-FL3 CRE CLO: collaterized by 29 loans, $856.7M balance, $98.3M cash collateral."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273753244.md"
description: "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."
datetime: "2026-01-26T21:56:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273753244.md)
  - [en](https://longbridge.com/en/news/273753244.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273753244.md)
---

# KBRA assigns ratings to BRSP 2026-FL3 CRE CLO: collaterized by 29 loans, $856.7M balance, $98.3M cash collateral.

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.

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