Form FWP BBCMS Mortgage Trust Filed by: Barclays Commercial Mortgage Securities LLC
FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226850-10 | ||
Subject: *** NEW ISSUE CMBS IO: BBCMS 2021-C11 *** PUBLIC PX DETAIL ***
NEW ISSUE CMBS: BBCMS 2021-C11
$834,739,000 NEW ISSUE CMBS IO ****PUBLIC OFFERING****
JOINT LEADS: BARCLAYS, UBS, SOCIÉTÉ GÉNÉRALE
CO-MANAGERS: ACADEMY SECURITIES, MISCHLER FINANCIAL GROUP, INC., NATIXIS
RATING AGENCIES: S&P, FITCH, KBRA
***PUBLIC OFFERED CERTIFICATES***
RATINGS | AVAIL. | |||||
CLASS | (S/F/K) | SIZE($MM) | WAL* | PRICE | YIELD | SPREAD |
X-A | AAA/AAA/AAA | 666.839 | 8.25 | 10.5087 | 2.26690 | T+105 |
X-B | NR/A-/AAA | 167.900 | 9.67 | 8.8769 | 2.26297 | T+ |
*100CPY to CALL PRICING SCENARIO
- Settlement: September 29, 2021
*TRANSACTION SUMMARY*
POOL BALANCE : | $988,043,799 |
# OF LOANS : | 94 |
# OF PROPERTIES : | 173 |
WA CUT-OFF LTV : | 58.8% |
WA MATURITY LTV : | 54.3% |
WA U/W NCF DSCR : | 2.49x |
WA U/W NOI DY : | 10.7% |
WA MORTGAGE RATE: | 3.55269% |
TOP 10 LOANS % : | 37.4% |
WA REM TERM : | 111 MONTHS |
LOAN SELLERS : | BARCLAYS (26.3%), SGFC (20.0%), SABAL (17.8%), |
UBS (16.7%), LMF (7.8%), BSPRT (7.0%), NATIXIS (4.5%) | |
TOP 5 PROP TYPES: | Office (29.3%), Multifamily (23.8%), Retail (14.0%), |
Industrial (12.0%), Mixed Use (11.8%) | |
TOP 5 STATES : | NY (26.0%), CA (8.7%), GA (7.3%), TX (6.8%), NJ (6.6%) |
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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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