FWP 1 n3015-x9_corrected.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-257737-03
     

 

Sent: Thursday, March 24, 2022 1:16 PM
Subject: *** NEW ISSUE CMBS: BBCMS 2022-C15 *** Corrected Cls C Cpn

 

NEW ISSUE CMBS: BBCMS 2022-C15

$879,969,000 NEW ISSUE CMBS ****PUBLIC OFFERING PRICING DETAIL****

 

JOINT LEADS: Barclays, BMO, Société Générale, KeyBanc

CO-MANAGERS: Drexel Hamilton, Bancroft Capital

 

RATING AGENCIES: S&P, FITCH, KBRA

 

***PUBLIC OFFERED CERTIFICATES***

  RATINGS AVAIL.         SPRD    
CLASS (S/F/K) SIZE($MM) C/E WAL CPN* PRICE YIELD(%) (P+) ~J+
A-1 AAA/AAA/AAA 12.900 30.000% 2.71 2.890 99.9980 2.86414 P+ 70 J+ 58
A-2 AAA/AAA/AAA 75.600 30.000% 4.67 3.610 101.9971 3.13812 P+ 97 J+ 77
A-3 AAA/AAA/AAA 87.800 30.000% 6.82 3.752 101.9989 3.42315 P+127 J+103
A-4 AAA/AAA/AAA 125.000 30.000% 9.65 3.524 100.9999 3.40975 P+125 J+105
A-5 AAA/AAA/AAA 372.300 30.000% 9.80 3.662 101.9926 3.42967 P+127 J+107
A-SB AAA/AAA/AAA 23.405 30.000% 7.25 3.684 101.9957 3.37358 P+122 J+ 98
A-S AA+/AAA/AAA 94.593 20.500% 9.92 3.752 100.6878 3.67961 P+152 J+132
B AA-/AA-/AA 46.053 15.875% 9.92 3.752 99.6251 3.80960 P+165 J+145
C NR/A-/A 42.318 11.625% 9.92 3.83148 97.6575 4.25960 P+210 J+190

* A1 thru B: Fixed or Fixed w/ WAC cap. C: WAC, initial cpn shown

- Settlement: April 13, 2022

 

*TRANSACTION SUMMARY*

POOL BALANCE: $1,031,301,773
NUMBER OF LOANS: 49
NUMBER OF PROPERTIES: 154
WA CUT-OFF LTV: 51.9%
WA MATURITY LTV: 49.6%
WA U/W NCF DSCR: 2.63x
WA U/W NOI DY: 10.8%
WA MORTGAGE RATE: 3.85034%
TOP 10 LOANS %: 51.6%
WA REM TERM MATURITY: 110 MONTHS
   
LOAN SELLERS: BARCLAYS: 40.5%
  KeyBank: 21.6%
  BMO: 18.7%
  SMC: 7.5%
  SGFC: 6.6%
  BMO/SMC: 5.1%
   
TOP 5 PROPERTY TYPES: Office: 40.7%
  Self Storage: 17.4%
  Multifamily: 11.6%
  Retail: 10.2%
  Industrial: 9.1%
   
TOP 5 STATES: NY: 16.4%
  CA: 14.8%
  NV: 7.1%
  WA: 6.8%
  DE: 5.8%

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THE SECURITIES OFFERED BY THESE MATERIALS ARE BEING OFFERED WHEN, AS AND IF ISSUED. THIS FREE WRITING PROSPECTUS IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE OR OTHER JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. THESE SECURITIES DO NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CONTROLLING CLASS REPRESENTATIVE, THE COMPANION LOAN HOLDERS (OR THEIR REPRESENTATIVES), THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THESE SECURITIES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

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.

 

 

 

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