08/14/2024 | Press release | Distributed by Public on 08/14/2024 13:43
FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-261764-04 |
Sent: | Wednesday, August 14, 2024 1:43 PM |
Subject: | BMARK 2024-V9 XA -- Launch (Public)(external) |
BMARK 2024-V9 XA -- Launch (Public)(external)
Co-Lead Managers & Joint Bookrunners: | Goldman Sachs & Co. LLC, Barclays, BMO Capital Markets, Citigroup and Deutsche Bank Securities |
Co-Managers: | Academy Securities & CastleOak Securities, L.P. |
Capital Structure
Class | Expected Ratings Moody's/Fitch/KBRA | Notional Size($mm) | WAL | Approx MV($mm) | Launch |
X-A | NR/AAAsf/AAA(sf) | 722.614 | 4.47 | ~32.575 | J+110 |
Collateral Summary
Initial Pool Balance: | $892,116,230 |
Number of Mortgage Loans: | 32 |
Number of Mortgaged Properties: | 74 |
Average Cut-off Date Balance: | $27,878,632 |
WA Mortgage Rate: | 6.71961% |
WA Rem. Term to Maturity/ARD (mos): | 60 |
WA Rem. Amortization Term (mos): | 360 |
WA Cut-off Date LTV Ratio: | 58.6% |
WA Maturity Date/ARD LTV Ratio: | 58.5% |
WA UW NCF DSCR: | 1.65x |
WA Debt Yield on Underwritten NOI: | 11.8% |
Property Types: | 25.1% Retail, 23.9% Multifamily, 12.6% Mixed Use, 11.9% Industrial, 8.7% Hospitality, 7.6% Manufactured Housing, 7.4% Office |
Top 5 States: | 15.7% New York, 15.5% Texas, 8.7% Pennsylvania, 6.4% Virginia, 5.9% South Carolina |
Risk Retention: | HRR |
Master Servicer: | Midland Loan Services, a Division of PNC Bank, National Association |
Special Servicer: | 3650 REIT Loan Servicing LLC |
Operating Advisor: | Park Bridge Lender Services LLC |
Trustee: | Computershare Trust Company, National Association |
Cert. Administrator: | Computershare Trust Company, National Association |
Anticipated Timing
Anticipated Pricing: | 2pm ET on Wed, August 14th |
Anticipated Settlement: | August 29, 2024 |
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