FWP 1 n2421_newissue-x6.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226850-08
     

 

Subject: ** ANNOUNCEMENT ** NEW ISSUE CMBS: BBCMS 2021-C9

NEW ISSUE CMBS: BBCMS 2021-C9

$692,608,000 NEW ISSUE CMBS ****PUBLIC OFFERING****

 

JOINT LEADS: BARCLAYS, SOCIÉTÉ GÉNÉRALE, KeyBanc
CO-MANAGERS: ACADEMY SECURITIES, Bancroft Capital, LLC
   
RATING AGENCIES: S&P, FITCH, KBRA

 

***PUBLIC OFFERED CERTIFICATES***

RATINGS AVAIL.

CLASS (S/F/K) SIZE ($MM) C/E WAL LTV DY
A-1 AAA/AAA/AAA 25.700 30.000% 2.80 39.7% 14.9%
A-2 AAA/AAA/AAA   4.500 30.000% 4.88 39.7% 14.9%
A-4** AAA/AAA/AAA 240.000   30.000% 9.54 39.7% 14.9%
A-5** AAA/AAA/AAA 251.000   30.000% 9.89 39.7% 14.9%
A-SB AAA/AAA/AAA 34.474 30.000% 6.93 39.7% 14.9%
A-S AA+/AAA/AAA 66.482 21.625% 9.93 44.4% 13.3%
B NR/AA-/AA 36.714 17.000% 9.93 47.1% 12.5%
C NR/A-/A- 33.738 12.750% 9.93 49.5% 11.9%

** A-4 AND A-5 SIZES ($MM) AND WALs ARE SUBJECT TO CHANGE AS DETAILED IN THE ATTACHED TERM SHEET. RANGE OF POSSIBLE AVAILABLE SIZES ($MM) BELOW:

A-4: [0] – [240.000]

A-5: [251.000] – [491.000]

 

*TRANSACTION SUMMARY*

POOL BALANCE: $793,820,306
NUMBER OF LOANS: 57
NUMBER OF PROPERTIES: 87
WA CUT-OFF LTV: 56.7%
WA MATURITY LTV: 51.2%
WA U/W NCF DSCR: 2.28X
WA U/W NOI DY: 10.4%
WA MORTGAGE RATE: 3.75018%
TOP 10 LOANS %: 50.5%
WA REM TERM MATURITY: 117 MONTHS
   
LOAN SELLERS: BARCLAYS (21.5%), LMF (20.5%), BSPRT (17.8%), SGFC (13.6%), SMC
  (10.7%), KeyBank (8.6%), BARCLAYS/SGFC (7.3%)

 

 

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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.