...- DBWF 2015-LCM Mortgage Trust is a U.S. stand-alone (single-borrower) CMBS transaction. - We lowered three ratings and affirmed five ratings from the transaction. - The ratings actions reflect our view of the collateral property's net cash flow, which has not improved and continued to underperform our expectations since our last review in October 2020, as well as the borrower's ability to refinance the mortgage loan at its June 2026 maturity date. ENGLEWOOD (S&P Global Ratings) July 2, 2024--S&P Global Ratings today lowered its ratings on three classes of commercial mortgage pass-through certificates from DBWF 2015-LCM Mortgage Trust, a U.S. CMBS transaction. At the same time, we affirmed our ratings on five classes from the transaction. (See ratings list.) This is a U.S. stand-alone (single-borrower) CMBS transaction that is backed by a portion of an 11-year, fixed-rate, amortizing mortgage whole loan, which is secured by the borrower's fee simple and leasehold interests in Lakewood Center,...
