FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226850-04 | ||
From: Bc Struct Prod Synd Barclay (BARCLAYS CAPITAL INC) At: 11/05/19 15:55:34
Subject: *** BBCMS 2019-C5 -- *** PRICING DETAILS (PUBLIC OFFERING)
BBCMS 2019-C5 -- NEW ISSUE CMBS
$849.764 NEW ISSUE CMBS ***PUBLIC OFFERING***
JOINT BOOKRUNNERS | |
& CO-LEAD MANAGERS: | BARCLAYS CAPITAL INC. |
KEYBANC CAPITAL MARKETS INC. | |
NATIXIS SECURITIES AMERICAS LLC | |
SG AMERICAS SECURITIES, LLC | |
CO-MANAGERS: | BANCROFT CAPITAL, LLC |
ACADEMY SECURITIES, INC. | |
RATING AGENCIES: | S&P, FITCH & KBRA |
***PUBLIC OFFERED CERTIFICATES***
CLASS | RATINGS (S/F/K) | AVAILABLE SIZE ($MM) | C/E | WAL | CPN | YIELD | PX | SPRD |
A-1 | AAA/AAA/AAA | 21.460 | 30.000% | 2.60 | 2.0940 | 2.07057 | 99.9999 | S+42 |
A-2 | AAA/AAA/AAA | 86.300 | 30.000% | 4.74 | 3.0430 | 2.35931 | 102.9961 | S+72 |
A-3** | AAA/AAA/AAA | 187.000 | 30.000% | 9.53 | 2.8050 | 2.68889 | 100.9920 | S+93 |
A-4** | AAA/AAA/AAA | 349.400 | 30.000% | 9.85 | 3.0630 | 2.71765 | 102.9972 | S+95 |
A-SB | AAA/AAA/AAA | 30.830 | 30.000% | 6.98 | 2.9900 | 2.51532 | 102.9986 | S+83 |
A-S | AA+/AAA/AAA | 94.017 | 20.250% | 9.89 | 3.3660 | 3.01853 | 102.9992 | S+125 |
B | AA-/AA-/AA | 40.981 | 16.000% | 9.94 | 3.5170 | 3.16992 | 102.9982 | S+140 |
C | NR/A-/A | 39.776 | 11.875% | 9.97 | 3.7100 | 3.72078 | 99.9993 | S+195 |
--TRANSACTION SUMMARY-- | |
POOL BALANCE: | $1,001,321,188 |
NUMBER OF LOANS: | 55 |
NUMBER OF PROPERTIES: | 115 |
WA CUT-OFF LTV: | 57.1% |
WA MATURITY LTV: | 52.8% |
WA U/W NCF DSCR: | 2.39x |
WA U/W NOI DY: | 10.8% |
WA MORTGAGE RATE: | 3.86875% |
TOP 10 LOANS %: | 40.6% |
WA REM TERM MATURITY: | 113 MONTHS |
LOAN SELLERS: | KEYBANK (28.7%), BARCLAYS (25.8%), NATIXIS (20.0%), SGFC (11.2%), RMF (8.9%), BSPRT (5.4%) |
TOP 5 PROPERTY TYPES: | RETAIL (21.7%), OFFICE (21.6%), MULTIFAMILY (18.7%), SELF STORAGE (11.8%), HOTEL (11.3%) |
TOP 5 STATES: | CA (13.8%), NY (8.9%), PA (8.3%), NJ (7.4%), OH (7.0%) |
MASTER SERVICER: | KEYBANK NATIONAL ASSOCIATION |
SPECIAL SERVICER: | KEYBANK NATIONAL ASSOCIATION |
OPERATING ADVISOR: | PENTALPHA SURVEILLANCE LLC |
DIRECTING HOLDER: | LD II SUB VII, LLC (AN AFFILIATE OF PRIME FINANCE ADVISORY, L.P.) |
RISK RETENTION: | L-SHAPED |
TRUSTEE: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
CERT. ADMIN.: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
--ANTICIPATED TIMING-- | |
EXPECTED SETTLEMENT: | 11/26 |
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-855-881-2108. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via Bloomberg or another system.