FWP 1 n2893-x8xapriced.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-261279-01
     

 

BANK 2022-BNK39 **XA PRICED** PUBLICS

 

NEW ISSUE CMBS: $1.006bn BANK 2022-BNK39

 

CO-LEAD MANAGERS & BOOKRUNNERS: BofA Securities, Morgan Stanley and Wells Fargo Securities

CO-MANAGERS: Academy Securities, Inc. and Drexel Hamilton

 

PUBLICLY OFFERED CERTIFICATES

 

CLASS Fitch/Moody’s/DBRSM SIZE($MM) Spread Coupon Yield Price
X-A AAAsf/Aaa(sf)/AAA(sf) $798.616 T+130 0.42742 3.073 3.6743

 

 

POOL BALANCE: $1,200,927,306
NUMBER OF LOANS/PROPERTIES: 66/96
WA MORTGAGE INT. RATE: 3.2916%
WA CUT-OFF LTV: 52.2%
WA UW NCF DSCR: 3.73x
WA UW NOI DEBT YLD: 13.4%
WA ORIG TERM TO MATURITY: 120
TEN LARGEST LOANS: 54.5%
LOAN SELLERS: MSMCH(39.1%),WFB(28.2%),BANA(16.6%), WFB/MSMCH(9.2%), NCB(6.9%)
TOP 5 STATES: NY(26.5%),FL(13.9%),NJ(6.5%),CA(6.1%),IL(5.9%)
TOP 5 PROPERTY TYPES: MF(26.8%),RT(26.2%),OF(21.4%),MU(9.6%),SS(8.1%)
   
RISK RETENTION Eligible vertical interest ("V")
   
MASTER SERVICER: Wells Fargo Bank and National Cooperative Bank
SPECIAL SERVICER: LNR Partners, LLC, Situs Holdings, LLC and National Cooperative Bank
TRUSTEE: Wilmington Trust
CERT ADMIN: ComputerShare
TRUST ADVISOR: Park Bridge
INITIAL CONTROLLING CLASS REP: Eightfold Real Estate Capital Fund V, L.P.
   
Documents and Expected Timing:  
Attached: TERM SHEET, ANNEX A-1, PRELIM PROSPECTUS
   
SETTLEMENT: On or about Feb 10

 

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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 1-800-294-1322 or you may e-mail a request to prospectus_request@bofa.com. The securities may not be suitable for all investors. BofA Securities, Inc. 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.

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