Form FWP Morgan Stanley Bank of Filed by: Banc of America Merrill Lynch Commercial Mortgage Inc.

 

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206847-04

 

Sent: Tuesday, November 29, 2016 9:49 AM

Subject: MSBAM 2016-C32 *** NEW ISSUE ANNOUNCEMENT*** PUBLICS

 

NEW ISSUE CMBS: $787.915mm MORGAN STANLEY BofA MERRILL LYNCH SERIES 2016-C32

CO-LEAD MANAGERS & BOOKRUNNERS: BofA Merrill Lynch and Morgan Stanley

CO-MANAGERS: KeyBanc Capital Markets, CIBC World Markets, Drexel Hamilton

 

PUBLICLY OFFERED CERTIFICATES

CL	Moody's/Fitch/DBRS	SIZE($MM)	WAL(YRS)	CE%	WINDOW	NOI DY%	LTV%
A-1	Aaa(sf)/AAAsf/AAA(sf)	$ 36.900	2.85	30.000%	1-59	16.3%	41.3%
A-2	Aaa(sf)/AAAsf/AAA(sf)	$6.800	4.90	30.000%	59-59	16.3%	41.3%
A-SB	Aaa(sf)/AAAsf/AAA(sf)	$ 58.600	7.35	30.000%	59-115	16.3%	41.3%
A-3	Aaa(sf)/AAAsf/AAA(sf)	$190.000	9.85	-------------------------------
A-4	Aaa(sf)/AAAsf/AAA(sf)	$342.567	9.90	30.000%	119-120	16.3%	41.3%
A-S	Aa1(sf)/AAAsf/AAA(sf)	$ 65.754	9.98	22.750%	120-120	14.8%	45.6%
B	NR/AA-sf/AAA(sf)	$ 44.214	9.98	17.875%	120-120	13.9%	48.5%
C	NR/A-sf/AA(sf)	$ 43.080	9.98	13.125%	120-120	13.1%	51.3%

 

POOL BALANCE: $906,952,869

NUMBER OF LOANS/PROPERTIES: 56/76

WA MORTGAGE INT. RATE: 4.3160%

WA CUT-OFF LTV: 59.0%

WA UW NCF DSCR: 2.14

WA UW NOI DEBT YLD: 11.4%

WA ORIG TERM TO MATURITY: 120

WA ORIG AMORTIZING TERM: 356

TEN LARGEST LOANS: 50.1%

LOAN SELLERS: MS (33.9%), BANA (32.7%), SMC (15.2%), KEY (9.5%), CIBC (8.7%)

TOP 5 STATES: CA(18.2%), TN(9.6%), NY(8.3%), VA(7.3%), HI(6.9%)

TOP 5 PROPERTY TYPES: RT(40.8%), OF(16.2%), IN(12.3%), MU(11.3%), HO(9.6%)

 

MASTER SERVICER: Wells Fargo Bank, National Association

SPECIAL SERVICER: Midland Loan Services

TRUSTEE: Wilmington Trust, National Association

CERT ADMIN: Wells Fargo Bank, National Association

TRUST ADVISOR: Park Bridge Lender Services LLC

INITIAL CNTRLG CLASS REP: Eightfold

 

HARTFORD BFAST: Tuesday, November 29, 8:00am EST (Max’s on Asylum)

BOSTON MEETING: Tuesday, November 29, 11:45am EST (BofA Office -100 Federal St.)

MINNEAPOLIS MEETING Wednesday, November 30, 7:30am Central Time (The Grand Hotel)

INVESTOR GROUP CALL: Wednesday, November 30, 10:30am EDT (855-312-6130 / Code: 884 218 54)

 

EXPECTED PRICING: Week of 11/28

EXPECTED SETTLEMENT: On or about 12/21/16

 

ATTACHED: PRELIMINARY PROSPECTUS, TERM SHEET, ANNEX A-1

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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents 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 visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322. The securities may not be suitable for all investors. Merrill, Lynch, Pierce, Fenner & Smith Incorporated and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.

 

CIRCULAR 230 DISCLOSURE

TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED BY THE INTERNAL REVENUE SERVICE, WE INFORM YOU THAT (A) ANY UNITED STATES FEDERAL TAX ADVICE CONTAINED HEREIN (INCLUDING ANY ATTACHMENTS OR ENCLOSURES) WAS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING UNITED STATES FEDERAL TAX PENALTIES, (B) ANY SUCH ADVICE WAS WRITTEN TO SUPPORT THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN AND (C) ANY TAXPAYER TO WHOM THE TRANSACTIONS OR MATTERS ARE BEING PROMOTED, MARKETED OR RECOMMENDED SHOULD SEEK ADVICE BASED ON ITS PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.

 

 

 

 

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