0001539497-24-000139.txt : 20240129 0001539497-24-000139.hdr.sgml : 20240129 20240129152455 ACCESSION NUMBER: 0001539497-24-000139 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK5 2024-5YR5 CENTRAL INDEX KEY: 0002006016 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-259741-07 FILM NUMBER: 24573053 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley Capital I Inc. CENTRAL INDEX KEY: 0001547361 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance IRS NUMBER: 133291626 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FWP 1 n3991_ioannouncement-x10.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-259741-07

BANK5 2024-5YR5 **Public IO Announcement**

Co-Lead Managers & Bookrunners: Morgan Stanley, J.P. Morgan, BofA Securities, and Wells Fargo Securities

Co-Managers: Academy Securities, Inc. and Siebert Williams Shank

Publicly Offered Certificates

Expected	Ratings		Available	Price
Class	(Fitch/KBRA/Moody’s)	Size ($MM)	Proceeds	Gdnce
X-A	AAAsf/AAA(sf)/Aaa(sf)	$363.020	~$19.823+mm	J+110a
X-B	A-sf/AAA(sf)/NR	$93.996	~$2.198+mm	J+200a <- BFF Auction

(Bids due @ 11am ET on 1/30)

POOL BALANCE:	$518,600,000
NUMBER OF LOANS/PROPERTIES:	24 / 25
WA MORTGAGE INT. RATE:	7.0252%
WA CUT-OFF LTV:	50.9%
WA UW NCF DSCR:	1.80x
WA UW NOI DEBT YLD:	13.3%
WA ORIG TERM TO MATURITY:	60
WA ORIG AMORTIZING TERM:	NAP
TEN LARGEST LOANS:	73.5%
LOAN SELLERS:	MSMCH (38.6%), WFB (29.1%), JPMCB (21.8%), BANA (10.5%)
TOP 5 STATES:	CA (23.9%), TX (10.3%), VA (9.9%), OH (9.2%), NJ (8.7%)
TOP 5 PROPERTY TYPES:	RT (42.4%), OF (17.6%), MU (14.2%), IN (9.2%), HT (6.6%)
RISK RETENTION:	Eligible horizontal interest ("H-RR")
MASTER SERVICER:	Wells Fargo Bank, National Association
SPECIAL SERVICER:	K-Star Asset Management LLC
TRUSTEE:	Computershare Trust Company, National Association
CERT ADMIN:	Computershare Trust Company, National Association
TRUST ADVISOR:	Park Bridge Lender Services LLC
INITIAL CONTROLLING CLASS REP:	KKR Real Estate Credit Manager LLC or an affiliate thereof
EXPECTED PRICING:	Week of January 29, 2024
EXPECTED SETTLEMENT:	February 14, 2024

*** The depositor has filed a registration statement (including a prospectus) with the SEC (File No. 333-259741) 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. ****

**** THE ASSET-BACKED SECURITIES REFERRED TO IN THESE MATERIALS ARE BEING OFFERED WHEN, AS AND IF ISSUED. IN PARTICULAR, YOU ARE ADVISED THAT ASSET-BACKED SECURITIES, AND THE ASSET POOLS BACKING THEM, ARE SUBJECT TO MODIFICATION OR REVISION (INCLUDING, AMONG OTHER THINGS, THE POSSIBILITY THAT ONE OR MORE CLASSES OF SECURITIES MAY BE SPLIT, COMBINED OR ELIMINATED) AT ANY TIME PRIOR TO ISSUANCE OR AVAILABILITY OF A FINAL OFFERING DOCUMENT. AS A RESULT, YOU MAY COMMIT TO PURCHASE SECURITIES THAT HAVE CHARACTERISTICS THAT MAY CHANGE, AND YOU ARE ADVISED THAT ALL OR A PORTION OF THE SECURITIES MAY NOT BE ISSUED THAT HAVE THE CHARACTERISTICS DESCRIBED IN THESE MATERIALS. OUR OBLIGATION TO SELL SECURITIES TO YOU IS CONDITIONED ON THE SECURITIES AND THE UNDERLYING TRANSACTION HAVING THE CHARACTERISTICS DESCRIBED IN THESE MATERIALS. IF WE DETERMINE THAT CONDITION IS NOT SATISFIED IN ANY MATERIAL RESPECT, WE WILL NOTIFY YOU, AND NEITHER THE ISSUING ENTITY OR ANY UNDERWRITER WILL HAVE ANY OBLIGATION TO YOU TO DELIVER ALL OR ANY PORTION OF THE SECURITIES WHICH YOU HAVE COMMITTED TO PURCHASE, AND THERE WILL BE NO LIABILITY BETWEEN US AS A CONSEQUENCE OF THE NON-DELIVERY. ****

**** IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS, ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AT THE BOTTOM OF THIS E-MAIL OR AT THE BOTTOM OF THE E-MAIL COMMUNICATION TO WHICH THIS MATERIAL MAY HAVE BEEN ATTACHED 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 EMAIL SYSTEM. ****

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