Banc of America Merrill Lynch Commercial Mortgage
Filed: 4 Feb 16, 12:00am
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-206847-01 | ||
Sent: Thursday, February 04, 2016 1:44 PM
Subject: New Issue CMBS: MSBAM C28 * Announcement* Public Classes
NEW ISSUE CMBS: $813.496MM
MORGAN STANLEY BofA MERRILL LYNCH SERIES 2016-C28
CO-LEAD MANAGERS & BOOKRUNNERS: BofA MERRILL LYNCH & MORGAN STANLEY
CO-MANAGER: CIBC & DREXEL HAMILTON
PUBLICLY OFFERED CERTIFICATES
| CL | MOODY'S/FITCH/DBRS | SIZE($MM) | (YRS) | WAL CE% | PRIN WINDOW | NOI DY% | LTV% |
| A1 | Aaa(sf)/AAAsf/AAA(sf) | $25.700 | 2.90 | 30.000% | 1-58 | 16.3% | 42.6% |
| A2 | Aaa(sf)/AAAsf/AAA(sf) | $43.800 | 4.85 | 30.000% | 58-60 | 16.3% | 42.6% |
| ASB | Aaa(sf)/AAAsf/AAA(sf) | $59.300 | 6.93 | 30.000% | 60-110 | 16.3% | 42.6% |
| A3 | Aaa(sf)/AAAsf/AAA(sf) | $215.000 | 9.59 | 30.000% | 110-117 | 16.3% | 42.6% |
| A4 | Aaa(sf)/AAAsf/AAA(sf) | $325.154 | 9.81 | 30.000% | 117-119 | 16.3% | 42.6% |
| AS | Aa1(sf)/AAAsf/AAA(sf) | $47.782 | 9.89 | 25.000% | 119-119 | 15.2% | 45.6% |
| B | Aa3(sf)/AA-sf/AA(sf) | $50.172 | 9.89 | 19.750% | 119-119 | 14.2% | 48.8% |
| C | A3(sf)/A-sf/A(sf) | $46.588 | 9.89 | 14.875% | 119-119 | 13.4% | 51.8% |
POOL BALANCE: $955.648MM
NUMBER OF LOANS/PROPERTIES: 42/161
WA MORTGAGE INT. RATE: 4.618%
WA CUT-OFF LTV: 60.8%
WA UW NCF DSCR: 1.98x
WA UW NOI DEBT YLD: 11.4%
WA ORIG TERM TO MATURITY: 117
WA ORIG AMORTIZING TERM: 357
TEN LARGEST LOANS: 57.0%
LOAN SELLERS: MS(48.8%), BAML(34.8%), CIBC(9.6%), SWOOD(6.8%) TOP 5 STATES: FL(12.1%),CA(11.3%),OK(11.0%),NJ(10.8%),TX(10.3%)
TOP 5 PROPERTY TYPES: RET(36.6%),OFF(24.8%),HT(14.7%),MU(8.9%),IN(7.3%)
MASTER SERVICER: Wells Fargo Bank, National Association
SPECIAL SERVICER: C-III Asset Management LLC
TRUSTEE: Wilmington Trust, National Association
CERT ADMIN: Wells Fargo Bank, National Association
TRUST ADVISOR: Park Bridge Lender Services LLC
ASSET REP REVIEWER: Park Bridge Lender Services LLC INITIAL CONTROLLING CLASS REP: C-III High Yield Real Estate Debt Fund IV Tier Holdings. or an affiliate thereof
HARTFORD BFAST: THURS, FEB 4, 8:00am EDT (Max’s Downtown)
BOSTON MEETING: THURS, FEB 4, 11:30am EDT (Bank of America)
MINNEAPOLIS BFAST: FRI, FEB 5, 7:30am CT (The Grand Hotel) INVESTOR GROUP CALL: FRI, FEB 5, 10:30am EDT (855-312-6130/Passcode: 755 328 70)
EXPECTED PRICING: WEEK OF 2/8
EXPECTED SETTLEMENT: ON OR ABOUT 2/25
ATTACHED: TERM SHEET, ANNEX A-1
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The issuer has filed a registration statement (including a prospectus) with the SEC registration statement file no. 333-206847 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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