| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-206847-08 |
| | |
-----Original Message-----
Sent: Tuesday, December 05, 2017 1:18 PM
Subject: BANK 2017-BNK9 - PRICING DETAILS * Public Classes
NEW ISSUE CMBS: $1,053mm BANK 2017-BNK9
CO-LEAD MANAGERS & BOOKRUNNERS: BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities
CO-MANAGER: Drexel Hamilton
PUBLICLY OFFERED CERTIFICATES
CLASS | Fitch/KBRA/Moody’s | PRIN SIZE($MM) | WAL (YRS) | Spread | CPN | $PRICE | YIELD |
A-1 | AAAsf/AAA(sf)/Aaa(sf) | $26.278 | 2.78 | S+22 | 2.322 | 99.99919 | 2.2995 |
A-2 | AAAsf/AAA(sf)/Aaa(sf) | $27.104 | 4.95 | S+55 | 2.766 | 99.99634 | 2.7592 |
A-SB | AAAsf/AAA(sf)/Aaa(sf) | $39.690 | 7.44 | S+71 | 3.470 | 102.99958 | 3.0169 |
A-3 | AAAsf/AAA(sf)/Aaa(sf) | $170.000 | 9.76 | S+79 | 3.279 | 100.99448 | 3.1661 |
A-4 | AAAsf/AAA(sf)/Aaa(sf) | $437.655 | 9.91 | S+81 | 3.538 | 102.99950 | 3.1896 |
A-S | AAAsf/AAA(sf)/Aa2(sf) | $41.293 | 9.99 | S+110 | 3.829 | 102.99239 | 3.4816 |
B | AA-sf/AA(sf)/ NR | $82.586 | 9.99 | S+130 | 4.031 | 102.99665 | 3.6816 |
C | A-sf/A-(sf)/ NR | $51.303 | 9.99 | S+175 | 4.222 | 101.32719 | 4.1316 |
EXPECTED SETTLEMENT: | 12/20/2017 |
B&D: | BofAML |
WA CUT-OFF LTV: | 59.6% |
WA UW NCF DSCR: | 2.18x |
WA UW NOI DEBT YLD: | 11.5% |
WA ORIG TERM TO MATURITY: | 119 |
WA ORIG AMORTIZING TERM: | 350 |
TEN LARGEST LOANS: | 63.6% |
LOAN SELLERS: | BANA(36.4%), MS(31.6%), WFB(26.3%), MS/WFB (5.7%) |
TOP 5 STATES: | CA(23.2%), TX(11.5%), PA(10.6%), MA(6.9%), NJ(6.3%) |
TOP 5 PROPERTY TYPES: | OF(32.1%), RT(28.6%), HT(22.1%), IN(8.5%), MF(4.0%) |
| |
MASTER SERVICER: | Wells Fargo Bank, National Association |
SPECIAL SERVICER: | Rialto Capital Advisors, LLC |
TRUSTEE: | Wilmington Trust, National Association |
CERT ADMIN: | Wells Fargo Bank, National Association |
TRUST ADVISOR: | Park Bridge Lender Services LLC |
INITIAL CNTRLG CLASS REP: | RREF III Debt AIV, LP, or affiliate of Rialto Capital Advisors, LLC |
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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.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AT THE BOTTOM OF ANY EMAIL COMMUNICATION TO WHICH THIS COMMUNICATION IS ATTACHED RELATING TO (1) THESE MATERIALS NOT CONSTITUTING AN OFFER (OR A SOLICITATION OF AN OFFER), (2) NO REPRESENTATION THAT THESE MATERIALS ARE ACCURATE OR COMPLETE AND MAY NOT BE UPDATED OR (3) THESE MATERIALS POSSIBLY BEING CONFIDENTIAL, ARE NOT APPLICABLE TO THIS OFFERING AND SHOULD BE DISREGARDED. SUCH LEGENDS, DISCLAIMERS OR OTHER NOTICES HAVE BEEN AUTOMATICALLY GENERATED AS A RESULT OF THESE MATERIALS HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER SYSTEM.
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