FWP 1 n1846_pricingdetails-x7.htm FREE WRITING PROSPECTUS

    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.