| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-228375-01 | ||
| NEW ISSUE CMBS: | $877.0mm BANK 2019-BNK18 |
| CO-LEAD MANAGERS & BOOKRUNNERS: | BofA Securities, Morgan Stanley, Wells Fargo Securities |
| CO-MANAGERS: | Academy Securities and Drexel Hamilton |
PUBLICLY OFFERED CERTIFICATES
PRIN WAL
| CLASS | Fitch/KBRA/Moody’s | SIZE($MM) | (YRS) | CE% | WINDOW | DY% | LTV% |
| A-1 | AAAsf/AAA(sf)/Aaa(sf) | $18.052 | 2.81 | 30.000% | 1-60 | 20.0% | 36.7% |
| A-2 | AAAsf/AAA(sf)/Aaa(sf) | $32.774 | 4.96 | 30.000% | 60-60 | 20.0% | 36.7% |
| A-SB | AAAsf/AAA(sf)/Aaa(sf) | $30.882 | 7.47 | 30.000% | 60-117 | 20.0% | 36.7% |
| A-3* | AAAsf/AAA(sf)/Aaa(sf) | $305.000 | 9.83 | 30.000% | 117-119 | 20.0% | 36.7% |
| A-4* | AAAsf/AAA(sf)/Aaa(sf) | $308.935 | 9.94 | 30.000% | 119-120 | 20.0% | 36.7% |
| A-S | AAAsf/AAA(sf)/Aa3(sf) | $90.682 | 9.96 | 20.875% | 120-120 | 17.7% | 41.4% |
| B | AA-sf/AA(sf)/NR | $49.689 | 9.96 | 15.875% | 120-120 | 16.7% | 44.0% |
| C | A-sf/A-(sf)/NR | $40.993 | 9.96 | 11.750% | 120-120 | 15.9% | 46.2% |
*Sizes subject to change as detailed in the attached Term Sheet. Range of possible sizes below:
A-3: $100.000mm - $305.000mm
A-4: $308.935mm - $513.935mm
| WA CUT-OFF LTV: | 52.4% |
| WA UW NCF DSCR: | 2.79x |
| WA UW NOI DEBT YLD: | 14.0% |
| WA ORIG TERM TO MATURITY: | 118 |
| WA ORIG AMORTIZING TERM: | 360 |
| TEN LARGEST LOANS: | 65.8% |
| LOAN SELLERS: | WFB(46.4%), MS(24.2%), BANA(21.7%), NCB(7.7%) |
| TOP 5 STATES: | CA(49.7%), NY(9.0%), TX(7.1%), WA(7.1%), NJ(5.7%) |
| TOP 5 PROPERTY TYPES: | OF(55.7%), HT(16.4%), RT(9.1%), MF(8.3%), LF(3.6%) |
| MASTER SERVICER: | Wells Fargo Bank, National Association |
| SPECIAL SERVICER: | Rialto Capital Advisors, LLC, National Cooperative Bank, N.A. and Situs Asset Management LLC |
| TRUSTEE: | Wilmington Trust, National Association |
| CERT ADMIN: | Wells Fargo Bank, National Association |
| TRUST ADVISOR: | Pentalpha Surveillance LLC |
| INITIAL CNTRLG CLASS REP: | RREF III Debt AIV, LP (or affiliate of Rialto Capital Advisors, LLC) |
| ATTACHED: | TERM SHEET, ANNEX A-1 |
| EXPECTED PRICING: | Week of 5/13/2019 |
| EXPECTED SETTLEMENT: | On or about 5/31/2019 |
| ROADSHOW: | |
| Tuesday, May 14th: | Hartford Breakfast (Max’s Downtown - 8:00am EST) |
| Tuesday, May 14th: | Boston Lunch Meeting (Hilton Boston Downtown – 12:00pm EST) |
| Wednesday, May 15th: | Minneapolis Breakfast (Grand Hotel Minneapolis – 7:30am CST) |
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The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the 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 or you may e-mail a request to dg.prospectus_request@baml.com. The securities may not be suitable for all investors. BofA Securities, Inc. 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.
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