Docoh
Loading...

Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31

Filed: 24 Oct 16, 8:00pm

 

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-206847-03
   

 

NEW ISSUE CMBS: $822.123mm MORGAN STANLEY BofA MERRILL LYNCH SERIES 2016-C31

CO-LEAD MANAGERS & BOOKRUNNERS: BofA Merrill Lynch, Morgan Stanley, UBS Securities LLC

CO-MANAGER: KeyBanc Capital Markets and Drexel Hamilton

 

PUBLICLY OFFERED CERTIFICATES

 

CLMoody's/Fitch/KBRASIZE($MM)WAL(YRS)SPREADCPNYIELD$PRICE
A-1Aaa(sf)/AAAsf/AAA(sf)$ 50.1002.87S+ 361.5111.495399.99803
A-2Aaa(sf)/AAAsf/AAA(sf)$ 27.6005.00S+ 582.5051.8638102.99805
A-SBAaa(sf)/AAAsf/AAA(sf)$ 69.7007.13S+1062.9522.4874102.99618
A-3Aaa(sf)/AAAsf/AAA(sf)$ 17.8116.84S+1162.7312.5685100.99724
A-4Aaa(sf)/AAAsf/AAA(sf)$210.0009.60S+1162.8402.7243100.99654
A-5Aaa(sf)/AAAsf/AAA(sf)$292.0199.88S+1183.1022.7578102.99165
A-SAa3(sf)/AAAsf/AAA(sf)$ 65.5319.92S+1603.5273.1797102.99477
BNR/AA-sf/AA(sf)$ 45.2779.92S+1953.8803.5297102.99590
CNR/A-sf/A(sf)$ 44.0859.92S+3004.32184.579798.42638

 

 

EXPECTED SETTLEMENT: On or about 11/14

B&D: BofAML

POOL BALANCE: $953,186,169

NUMBER OF LOANS/PROPERTIES: 60/101

WA MORTGAGE INT. RATE: 4.3408%

WA CUT-OFF LTV: 63.3%

WA UW NCF DSCR: 1.78

WA UW NOI DEBT YLD: 11.0%

WA ORIG TERM TO MATURITY: 117

WA ORIG AMORTIZING TERM: 352

TEN LARGEST LOANS: 49.7%

LOAN SELLERS: MS (34.3%), BANA (22.5%), UBS (18.5%), KEY (16.4%), SMC (8.2%)

TOP 5 STATES: FL(11.2%), CA(9.8%), OH(8.8%), TX(8.1%), NJ(7.3%)

TOP 5 PROPERTY TYPES: OF(40.1%), RT(34.5%), HT(14.9%), SS(6.0%), MU(2.8%)

 

MASTER SERVICER: Wells Fargo Bank, National Association

SPECIAL SERVICER: Rialto Capital Advisors, LLC

TRUSTEE: Wilmington Trust, National Association

CERT ADMIN: Wells Fargo Bank, National Association

TRUST ADVISOR: Park Bridge Lender Services LLC

INITIAL CNTRLG CLASS REP: Rialto

 

 

-------------------------------------------------------------------------------

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 1-800-294-1322. The securities may not be suitable for all investors. Merrill, Lynch, Pierce, Fenner & Smith Incorporated and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.

 

CIRCULAR 230 DISCLOSURE

TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED BY THE INTERNAL REVENUE SERVICE, WE INFORM YOU THAT (A) ANY UNITED STATES FEDERAL TAX ADVICE CONTAINED HEREIN (INCLUDING ANY ATTACHMENTS OR ENCLOSURES) WAS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING UNITED STATES FEDERAL TAX PENALTIES, (B) ANY SUCH ADVICE WAS WRITTEN TO SUPPORT THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN AND (C) ANY TAXPAYER TO WHOM THE TRANSACTIONS OR MATTERS ARE BEING PROMOTED, MARKETED OR RECOMMENDED SHOULD SEEK ADVICE BASED ON ITS PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.

 

 

 

 

 

 

 

 

-------------------------------------------------------------------------------

This message and any attachments are for the intended recipient only, contain information that is privileged, confidential and/or the exclusive property of Bank of America Merrill Lynch, and are subject to terms and conditions available at www.bankofamerica.com/emaildisclaimer. You are prohibited from sharing this information with any other party. If you are not the intended recipient, you must immediately delete/destroy all copies of this message and attachments.