FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226850-04 | ||
From: Bc Struct Prod Synd Barclay (BARCLAYS CAPITAL INC) At: 10/30/19 08:26:06
Subject: ***PUBLIC ANNOUNCEMENT*** BBCMS 2019-C5 -- $849.764 NEW ISSUE CMBS
BBCMS 2019-C5 -- NEW ISSUE CMBS
$849.764 NEW ISSUE CMBS ***PUBLIC OFFERING***
JOINT BOOKRUNNERS | |
& CO-LEAD MANAGERS: | BARCLAYS CAPITAL INC. |
KEYBANC CAPITAL MARKETS INC. | |
NATIXIS SECURITIES AMERICAS LLC | |
SG AMERICAS SECURITIES, LLC | |
CO-MANAGERS: | BANCROFT CAPITAL, LLC |
ACADEMY SECURITIES, INC. | |
RATING AGENCIES: | S&P, FITCH & KBRA |
***PUBLIC OFFERED CERTIFICATES***
RATINGS | AVAILABLE | |||||
CLASS | (S/F/K) | SIZE ($MM) | C/E | WAL | LTV | DY |
A-1 | AAA/AAA/AAA | 21.460 | 30.000% | 2.60 | 40.0% | 15.4% |
A-2 | AAA/AAA/AAA | 86.300 | 30.000% | 4.74 | 40.0% | 15.4% |
A-3** | AAA/AAA/AAA | [260.000] | 30.000% | [9.60] | 40.0% | 15.4% |
A-4** | AAA/AAA/AAA | [276.400] | 30.000% | [9.87] | 40.0% | 15.4% |
A-SB | AAA/AAA/AAA | 30.830 | 30.000% | 6.98 | 40.0% | 15.4% |
A-S | AA+/AAA/AAA | 94.017 | 20.250% | 9.89 | 45.5% | 13.5% |
B | AA-/AA-/AA | 40.981 | 16.000% | 9.94 | 48.0% | 12.9% |
C | NR/A-/A | 39.776 | 11.875% | 9.97 | 50.3% | 12.3% |
** A-3 AND A-4 AVAILABLE SIZES ($MM) AND WALs ARE SUBJECT TO | |
CHANGE AS DETAILED IN THE ATTACHED TERM SHEET. RANGE OF | |
POSSIBLE AVAILABLE SIZES ($MM) BELOW: | |
A-3: | 100.000 – 260.000 |
A-4: | 276.400 – 436.400 |
--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-- | |
TERM SHEET/ANNEX A-1: | ATTACHED |
RED: | ATTACHED |
THIRD PARTY SYSTEMS: | TODAY (10/30) |
ROADSHOW: | **SEE SCHEDULE BELOW** |
NYC 1-ON-1 MEETINGS: | FRIDAY (11/1) **CONTACT SALES COVERAGE** |
CONFERENCE CALLS: | UPON DEMAND **CONTACT SALES COVERAGE** |
PRE-SALE REPORTS: | TODAY (10/30) |
EXPECTED SETTLEMENT: | 11/26 |
--ROADSHOW SCHEDULE-- | |
>> NORTHEAST: | TODAY (10/30) |
08:30AM EST: | BREAKFAST, MAX DOWNTOWN (ALFRED ROOM), HARTFORD, CT |
12:00PM EST: | LUNCH, RITZ CARLTON BOSTON (BOYLSTON ROOM), BOSTON, MA |
>> MIDWEST: | THURSDAY (10/31) |
7:30AM CST: | BREAKFAST, THE GRAND HOTEL (3 MISSISSIPPI), MINNEAPOLIS, MN |
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THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. bEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THAT 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR) AT WWW.SEC.GOV. aLTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS FROM BARCLAYS CAPITAL INC. BY CALLING 1-888-603-5847.