FREE WRITING PROSPECTUS

FILED  PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-282944-01

New Issue CMBS: MSBAM 2025-5C1

Co-Lead Managers & Bookrunners: Morgan Stanley and BofA Securities

Co-Managers: Academy Securities, Inc. and AmeriVet Securities

Publicly Offered Certificates

Class	Expected Ratings (Moody’s/Fitch/KBRA)	Available Size ($MM)	Spread	Coupon	Yield	$Price
X-A	Aaa(sf)/AAAsf/AAA(sf)	$636.887	J+20	1.37727%	4.2444%	4.93267

COLLATERAL SUMMARY
CUT-OFF DATE BALANCE :	$934,609,352
NUMBER OF LOANS :	40
NUMBER OF PROPERTIES :	67
WA CUT-OFF LTV :	60.1%
WA MATURITY LTV :	60.0%
WA U/W NCF DSCR :	1.56x
WA U/W NOI DEBT YIELD :	11.1%
TOP TEN LOANS % :	61.1%
WA TERM TO MATURITY (MOS) :	60
WA REMAINING AMORTIZATION TERM (MOS) :	360
WA SEASONING (MOS) :	1
TOP 5 STATES :	CA (23.1%), NY (19.2%), IL (13.6%), MA (13.1%), TX (13.0%)
LOAN SELLERS :	Morgan Stanley (50.6%), Argentic Real Estate Finance (22.5%), Bank of America (22.1%), Starwood Mortgage Capital (4.8%)
TOP 5 PROPERTY TYPES :	Multifamily (29.6%), Retail (23.1%), Office (12.4%), Industrial (12.4%), Mixed Use (11.3%)
RISK RETENTION Eligible Interest :	ELIGIBLE L-SHAPE INTEREST
MASTER SERVICER :	Midland Loan Servicing
SPECIAL SERVICER :	Argentic Services Company
OPERATING ADVISOR :	BellOak, LLC
ASSET REPRESENTATIONS REVIEWER :	BellOak, LLC
DIRECTING CERTIFICATEHOLDER :	Argentic Securities Income USA 2 LLC
ANTICIPATED SETTLEMENT :	March 20th, 2025

*** The depositor has filed a registration statement (including a prospectus) with the SEC (File No. 333-282944) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC 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 web site at www.sec.gov. Alternatively, the depositor or any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com. ****

 

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