FWP 1 n2907_newissue-x6.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-257737-02
     

Subject: *** PUBLIC ANNOUNCEMENT *** NEW ISSUE CMBS: BBCMS 2022-C14

 

NEW ISSUE CMBS: BBCMS 2022-C14

$815,580,000 NEW ISSUE CMBS ****PUBLIC OFFERING****

 

JOINT LEADS: Barclays, UBS, Société Générale

CO-MANAGERS: Academy Securities, Mischler Financial Group, Inc., Natixis

 

RATING AGENCIES: MOODY’S, FITCH, KBRA

 

***PUBLIC OFFERED CERTIFICATES***

  RATINGS     AVAIL.    
CLASS (M/F/K) SIZE($MM) C/E WAL LTV DY
A-1 Aaa/AAA/AAA 35.295 30.000% 2.49 39.6% 15.3%
A-2 Aaa/AAA/AAA 99.000 30.000% 4.80 39.6% 15.3%
A-3 Aaa/AAA/AAA 50.000 30.000% 6.98 39.6% 15.3%
A-4** Aaa/AAA/AAA 185.000   30.000% 9.66 39.6% 15.3%
A-5** Aaa/AAA/AAA 233.250   30.000% 9.85 39.6% 15.3%
A-SB Aaa/AAA/AAA 46.212 30.000% 7.37 39.6% 15.3%
A-S Aa2/AAA/AAA 97.314 19.500% 9.89 45.6% 13.3%
B NR/AA-/AA 41.706 15.000% 9.89 48.1% 12.6%
C NR/A-/A 27.803 12.000% 9.90 49.8% 12.2%

 

** 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: 0.000 – 185.000

A-5: 233.250 – 418.250

 

 

*Anticipated Timing and Materials*

- Structural and Collateral Term Sheet : Attached

- Annex A-1 : Attached

- Preliminary Prospectus : Attached

- Expected Pricing : Week of January 31, 2022

- Settlement : February 23, 2022

 

*Collateral Calls*

Investor Calls Encouraged and will be Scheduled as Requested

 

*TRANSACTION SUMMARY*

POOL BALANCE: $926,796,554
NUMBER OF LOANS: 57
NUMBER OF PROPERTIES: 83
WA CUT-OFF LTV: 56.6%
WA MATURITY LTV: 51.2%
WA U/W NCF DSCR: 2.62x
WA U/W NOI DY: 10.7%
WA MORTGAGE RATE: 3.56935%
TOP 10 LOANS %: 51.4%
WA REM TERM MATURITY: 110 MONTHS
   
LOAN SELLERS: BARCLAYS (46.1%), LMF (19.2%), SGFC (13.7%), BSPRT (8.2%), UBS (7.2%), NATIXIS (5.6%)
   
TOP 5 PROPERTY TYPES: Office (36.8%), Industrial (16.3%), Multifamily (14.9%),
  Retail (13.4%), Hospitality (5.1%)
   
TOP 5 STATES: CA (20.1%), NY (14.7%), FL (9.4%), IL (7.5%), DC (7.4%)

 

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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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