FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-276033-09

Subject: BBCMS 2025-5C34 *** PUBLIC PRICING DETAIL ***

NEW ISSUE CMBS: BBCMS 2025-5C34

$689.164MM NEW ISSUE CMBS ***PUBLIC OFFERING***

JOINT LEADS:	BARCLAYS; CITIGROUP; DEUTSCHE BANK SECURITIES; KEYBANC CAPITAL MARKETS; UBS SECURITIES LLC
CO-MANAGERS:	BANCROFT CAPITAL, LLC; DREXEL HAMILTON
RATING AGENCIES:	MOODY’S; FITCH; MDBRS
PRICED TOE:	11:05 AM ET

*PUBLIC OFFERED CERTIFICATES*

CLASS	RATINGS (M/F/D)	AVAILABLE SIZE($MM)**	C/E	WAL	COUPON	PRICE	YIELD	SPREAD (J+)
A-1	Aaa/AAA/AAA	1.300	30.000%	2.57	4.80600	99.99818	4.77484	J+99
A-2	Aaa/AAA/AAA	20.000	30.000%	4.76	5.17400	100.99704	4.94121	J+105
A-3	Aaa/AAA/AAA	515.330	30.000%	4.90	5.65900	102.99598	4.97037	J+107
A-S	Aa2/AAA/AAA	63.245	21.750%	4.92	5.99000	102.99805	5.30145	J+140
B	NR/AA-/AA(high)	42.163	16.250%	4.92	6.54200	102.99733	5.85145	J+195
C	NR/A-/A(high)	32.581	12.000%	4.97	7.03353*	101.41756	6.60415	J+270

** AVAILABLE SIZE ($MM) IS NET OF RISK RETENTION

*WAC Coupon

- SETTLEMENT:	ON OR ABOUT TUESDAY, MAY 13, 2025
*TRANSACTION SUMMARY*
- POOL BALANCE:	$783,141,474
- NUMBER OF LOANS:	37
- NUMBER OF PROPS:	66
- WA CUT-OFF LTV:	60.5%
- WA MATURITY LTV:	60.4%
- WA U/W NCF DSCR:	1.49x
- WA U/W NOI DY:	10.7%
- WA MORTGAGE RATE:	6.82666%
- TOP 10 LOANS %:	57.9
- WA REM TERM:	59 MONTHS
- TOP 5 PROP TYPES:	MULTIFAMILY (53.5%); PARKING GARAGE (12.8%); INDUSTRIAL (9.9%); MANUFACTURED HOUSING(6.1%); OFFICE (5.2%)
- TOP 5 STATES:	TX (23.3%); NY (14.8%); CA (11.0%); PA (9.9%); WA (7.9%)
*DEAL PARTIES*
- MASTER SERVICER:	TRIMONT LLC
- SPECIAL SERVICER:	ARGENTIC SERVICES COMPANY LP
- OPERATING ADVISOR:	PENTALPHA SURVEILLANCE LLC
- DIRECTING HOLDER:	ARGENTIC SECURITIES INCOME USA 2 LLC
- TRUSTEE:	COMPUTERSHARE TRUST COMPANY, N.A.
- CERT. ADMIN.:	COMPUTERSHARE TRUST COMPANY, N.A.

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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.

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.