| | | FILED PURSUANT TO RULE 4242(h) |
| | | REGISTRATION FILE NO.: 333-206847-08 |
| | | |
SUPPLEMENT
(To Preliminary Prospectus Dated November 29, 2017)
$875,909,000 (Approximate)
BANK 2017-BNK9
(Central Index Key Number 0001721373)
as Issuing Entity
Banc of America Merrill Lynch Commercial Mortgage Inc.
(Central Index Key Number 0001005007)
as Depositor
Bank of America, National Association
(Central Index Key Number 0001102113)
Morgan Stanley Mortgage Capital Holdings LLC
(Central Index Key Number 0001541557)
Wells Fargo Bank, National Association
(Central Index Key Number 0000740906)
as Sponsors and Mortgage Loan Sellers
Commercial Mortgage Pass-Through Certificates, Series 2017-BNK9
This is a supplement to the preliminary prospectus dated November 29, 2017 (the “Preliminary Prospectus”).
The Preliminary Prospectus is updated in the manner set forth herein. Capitalized terms used herein but not defined herein will have such meanings ascribed to them in the Preliminary Prospectus.
| BofA Merrill Lynch | Wells Fargo Securities | Morgan Stanley |
| Co-Lead Manager and Joint Bookrunner | Co-Lead Manager and Joint Bookrunner | Co-Lead Manager and Joint Bookrunner |
| | Drexel Hamilton | |
| | Co-Manager | |
The date of this Supplement is December 1, 2017
STRUCTURAL UPDATE
| 1. | The initial Certificate Balance of the Class A-3 Certificates will be decreased to $170,000,000. |
| 2. | The initial Certificate Balance of the Class A-4 Certificates will be increased to $437,655,000. |
3. The table set forth on the front cover of the Preliminary Prospectus is deleted and replaced with the following:
Class | Approximate Initial
Certificate Balance or Notional Amount(1) | Approximate Initial Pass-Through Rate | Pass-Through Rate Description | Assumed Final Distribution Date(3) |
| Class A-1 | $26,278,000 | % | (5) | November 2022 |
| Class A-2 | $27,104,000 | % | (5) | December 2022 |
| Class A-SB | $39,690,000 | % | (5) | August 2027 |
| Class A-3 | $170,000,000 | % | (5) | October 2027 |
| Class A-4 | $437,655,000 | % | (5) | December 2027 |
| Class X-A | $700,727,000(6) | % | Variable(7) | NAP |
| Class X-B | $175,182,000(8) | % | Variable(9) | NAP |
| Class A-S | $41,293,000 | % | (5) | December 2027 |
| Class B | $82,586,000 | % | (5) | December 2027 |
| Class C | $51,303,000 | % | (5) | December 2027 |
4. The table set forth in “SUMMARY OF CERTIFICATES” in the Preliminary Prospectus is deleted and replaced with the following:
Class or Interest | Approx.
Initial Certificate Balance or Notional Amount(1) | Approx. Initial Credit Support(2) | Approx. Initial Pass-Through Rate | Pass-Through Rate Description | Assumed
Final Distribution Date(3) | Weighted Average Life (Years)(4) | Expected Principal Window
(Months)(4) |
| Offered Certificates | |
| Class A-1 | $26,278,000 | 30.000% | % | (5) | November 2022 | 2.78 | 1 – 59 | |
| Class A-2 | $27,104,000 | 30.000% | % | (5) | December 2022 | 4.95 | 59 – 60 | |
| Class A-SB | $39,690,000 | 30.000% | % | (5) | August 2027 | 7.44 | 60 – 116 | |
| Class A-3 | $170,000,000 | 30.000% | % | (5) | October 2027 | 9.76 | 116 – 118 | |
| Class A-4 | $437,655,000 | 30.000% | % | (5) | December 2027 | 9.91 | 118 – 120 | |
| Class X-A | $700,727,000(6) | NAP | % | Variable(7) | NAP | NAP | NAP | |
| Class X-B | $175,182,000(8) | NAP | % | Variable(9) | NAP | NAP | NAP | |
| Class A-S | $41,293,000 | 25.875% | % | (5) | December 2027 | 9.99 | 120 – 120 | |
| Class B | $82,586,000 | 17.625% | % | (5) | December 2027 | 9.99 | 120 – 120 | |
| Class C | $51,303,000 | 12.500% | % | (5) | December 2027 | 9.99 | 120 – 120 | |
| Non-Offered Certificates | |
| Class X-D | $47,549,000(10) | NAP | % | Variable(11) | NAP | NAP | NAP | |
| Class X-E | $21,273,000(10) | NAP | % | Variable(11) | NAP | NAP | NAP | |
| Class X-F | $15,015,000(10) | NAP | % | Variable(11) | NAP | NAP | NAP | |
| Class X-G | $41,293,526(10) | NAP | % | Variable(11) | NAP | NAP | NAP | |
| Class D | $47,549,000 | 7.750% | % | (5) | March 2028 | 10.00 | 120 – 123 | |
| Class E | $21,273,000 | 5.625% | % | (5) | March 2028 | 10.24 | 123 – 123 | |
| Class F | $15,015,000 | 4.125% | % | (5) | March 2028 | 10.24 | 123 – 123 | |
| Class G | $41,293,526 | 0.000% | % | (5) | November 2032 | 11.25 | 123 – 179 | |
| Class R(12) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| Non-Offered Eligible Vertical Interest | | | | | |
| RR Interest | $52,686,290.90 | NAP | % | WAC(13) | November 2032 | 9.55 | 1 – 179 | |
| | | | | | | | | | | | | |
5. The table set forth under “Certificate Balances and Notional Amounts” in “SUMMARY OF TERMS” in the Preliminary Prospectus is deleted and replaced with the following:
Class | Approx. Initial Aggregate Certificate Balance or Notional Amount | Approx. % of Initial Pool Balance | Approx. Initial Credit
Support(1) |
| Class A-1 | $26,278,000 | 2.494% | 30.000% |
| Class A-2 | $27,104,000 | 2.572% | 30.000% |
| Class A-SB | $39,690,000 | 3.767% | 30.000% |
| Class A-3 | $170,000,000 | 16.133% | 30.000% |
| Class A-4 | $437,655,000 | 41.534% | 30.000% |
| Class X-A | $700,727,000(6) | NAP | NAP |
| Class X-B | $175,182,000(8) | NAP | NAP |
| Class A-S | $41,293,000 | 3.919% | 25.875% |
| Class B | $82,586,000 | 7.838% | 17.625% |
| Class C | $51,303,000 | 4.869% | 12.500% |
6. The tables with respect to the Class A-3 and Class A-4 Certificates set forth in “YIELD AND MATURITY CONSIDERATIONS—Weighted Average Life” in the Preliminary Prospectus are deleted and replaced in their entirety with the following:
Percent of the Initial Certificate Balance
of the Class A-3 Certificates at the Respective CPPs
Set Forth Below:
Distribution Date | 0% CPP | 25% CPP | 50% CPP | 75% CPP | 100% CPP |
| Closing Date | 100% | 100% | 100% | 100% | 100% |
| December 2018 | 100% | 100% | 100% | 100% | 100% |
| December 2019 | 100% | 100% | 100% | 100% | 100% |
| December 2020 | 100% | 100% | 100% | 100% | 100% |
| December 2021 | 100% | 100% | 100% | 100% | 100% |
| December 2022 | 100% | 100% | 100% | 100% | 100% |
| December 2023 | 100% | 100% | 100% | 100% | 100% |
| December 2024 | 100% | 100% | 100% | 100% | 100% |
| December 2025 | 100% | 100% | 100% | 100% | 100% |
| December 2026 | 100% | 100% | 100% | 100% | 100% |
| December 2027 and thereafter | 0% | 0% | 0% | 0% | 0% |
| Weighted Average Life (years) | 9.76 | 9.69 | 9.59 | 9.51 | 9.31 |
Percent of the Initial Certificate Balance
of the Class A-4 Certificates at the Respective CPPs
Set Forth Below:
Distribution Date | 0% CPP | 25% CPP | 50% CPP | 75% CPP | 100% CPP |
| Closing Date | 100% | 100% | 100% | 100% | 100% |
| December 2018 | 100% | 100% | 100% | 100% | 100% |
| December 2019 | 100% | 100% | 100% | 100% | 100% |
| December 2020 | 100% | 100% | 100% | 100% | 100% |
| December 2021 | 100% | 100% | 100% | 100% | 100% |
| December 2022 | 100% | 100% | 100% | 100% | 100% |
| December 2023 | 100% | 100% | 100% | 100% | 100% |
| December 2024 | 100% | 100% | 100% | 100% | 100% |
| December 2025 | 100% | 100% | 100% | 100% | 100% |
| December 2026 | 100% | 100% | 100% | 100% | 100% |
| December 2027 and thereafter | 0% | 0% | 0% | 0% | 0% |
| Weighted Average Life (years) | 9.91 | 9.89 | 9.87 | 9.83 | 9.54 |
7. The table set forth on the back cover of the Preliminary Prospectus is deleted and replaced with the following:
| Class A-1 | $26,278,000 |
| Class A-2 | $27,104,000 |
| Class A-SB | $39,690,000 |
| Class A-3 | $170,000,000 |
| Class A-4 | $437,655,000 |
| Class X-A | $700,727,000 |
| Class X-B | $175,182,000 |
| Class A-S | $41,293,000 |
| Class B | $82,586,000 |
| Class C | $51,303,000 |
The information in this supplement, if conveyed prior to the time of your contractual commitment to purchase any of the offered certificates, supersedes any conflicting information contained in the Preliminary Prospectus and any other prior similar materials relating to the offered certificates (including, without limitation, the free writing prospectus structural and collateral term sheet dated November 28, 2017). The information in this supplement may be amended or supplemented. This supplement is being delivered to you solely to provide you with information about the offering of the offered certificates referred to in the Preliminary Prospectus and to solicit an offer to purchase the offered certificates, when, as and if issued.
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