FWP 1 n1968-x7_newissue.htm FREE WRITING PROSPECTUS
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226850-05
     

 

BBCMS 2020-C6 -- NEW ISSUE CMBS

$792.922 NEW ISSUE CMBS ***PUBLIC OFFERING***

 

JOINT BOOKRUNNERS &

CO-LEAD MANAGERS: BARCLAYS CAPITAL INC.

SG AMERICAS SECURITIES, LLC

 

CO-MANAGERS: BANCROFT CAPITAL, LLC

DREXEL HAMILTON

 

RATING AGENCIES: S&P, FITCH & DBRS MORNINGSTAR

 

***PUBLIC OFFERED CERTIFICATES***

 

CLASS

RATINGS

(S/F/D)

AVAILABLE

SIZE ($MM)

C/E WAL CPN YIELD PRICE SPREAD
A-1 AAA/AAA/AAA 14.352 30.000% 2.87 1.8060 1.78772 99.9990 S+39
A-2 AAA/AAA/AAA 88.400 30.000% 4.84 2.6900 2.02567 102.9975 S+65
A-3** AAA/AAA/AAA 208.000 30.000% 9.80 2.3900 2.27680 100.9950 S+78
A-4** AAA/AAA/AAA 278.300 30.000% 9.87 2.6390 2.29837 102.9995 S+80
A-SB AAA/AAA/AAA 26.810 30.000% 7.41 2.5950 2.15123 102.9949 S+72
A-S AA/AAA/AAA 105.576 18.000% 9.91 2.8400 2.49930 102.9914 S+100
B NR/AA-/AA(h) 37.392 13.750% 9.91 3.0430 2.69931 102.9990 S+120
C NR/A-/A 34.092 9.875% 9.96 3.0450 3.05059 99.9985 S+155

 

 

--TRANSACTION SUMMARY--  
POOL BALANCE: $904,003,147
NUMBER OF LOANS: 45
NUMBER OF PROPERTIES: 118
WA CUT-OFF LTV: 56.6%
WA MATURITY LTV: 53.3%
WA U/W NCF DSCR: 2.75x
WA U/W NOI DY: 11.2%
WA MORTGAGE RATE: 3.61658%
TOP 10 LOANS %: 53.4%**
WA REM TERM MATURITY: 113 MONTHS
   
** Includes crossed loans #10, #11, #12, #13, and #14
   
LOAN SELLERS: BARCLAYS (50.5%), SGFC (27.3%), SMC (22.2%)
   
TOP 5 PROPERTY TYPES: Office (20.4%), Retail (20.2%), Mixed Use (19.0%), Multifamily (17.1%), Hotel (12.1%)
   
   
TOP 5 STATES: NY (21.4%), CA (14.3%), GA (6.1%), NJ (6.0%), NC (5.8%)
   
MASTER SERVICER: MIDLAND LOAN SERVICES
SPECIAL SERVICER: MIDLAND LOAN SERVICES
OPERATING ADVISOR: PENTALPHA SURVEILLANCE LLC
DIRECTING HOLDER: KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P.
RISK RETENTION: L-SHAPED
TRUSTEE: WELLS FARGO BANK, NATIONAL ASSOCIATION
CERT. ADMIN.: WELLS FARGO BANK, NATIONAL ASSOCIATION
   
   
--ANTICIPATED TIMING--  
EXPECTED SETTLEMENT: WEDNESDAY (2/19)

 

 

 

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226850) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling 1-888-603-5847.

 

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this document is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.