pdf-articles Ratings /ratings/en/research/pdf-articles/201021-presale-oak-street-investment-grade-net-lease-fund-series-2020-1-llc-11696515 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Presale: Oak Street Investment Grade Net Lease Fund Series 2020-1 LLC

The preliminary ratings assigned to Oak Street Investment Grade Net Lease Fund Series 2020-1 LLC's (the issuer) $2.114 billion net lease mortgage notes series 2020-1 reflect: The credit enhancement available in the form of subordination for the class A-1, A-2, A-3, A-4, A-5, and A-6 notes; Overcollateralization (the aggregate appraised value minus the aggregate series principal balance); The available cushion, as measured by the issuer debt service coverage ratio (DSCR): year one DSCR is expected to be at least 1.75x; Oak Street Investment Grade Net Lease Fund GP LLC's and Oak Street Investment Grade Net Lease Fund Canada PM ULC's (Oak Street or the servicers) property management and special servicing abilities; KeyBank N.A. as backup manager; The projected cash flows

Download