| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-226850-07 | ||
Subject: ** BBCMS 2020-C8 ** NEW ISSUE PUBLIC OFFER PRICING DETAIL
NEW ISSUE CMBS: BBCMS 2020-C8 $615,340,000 NEW ISSUE CMBS ****PUBLIC OFFERING****
JOINT LEADS: BARCLAYS, BANK OF AMERICA, SOCIÉTÉ GÉNÉRALE
CO-MANAGERS: DREXEL HAMILTON, ACADEMY SECURITIES
RATING AGENCIES: MOODY’S, FITCH, DBRS MSTAR
***PUBLIC OFFERED CERTIFICATES***
| RATINGS | AVAIL. | |||||||
| CLASS | (M/F/D) | SIZE($MM) | C/E | WAL | CPN | YIELD | PRICE | SPREAD |
| A-1 | Aaa/AAA/AAA | 14.656 | 30.000% | 2.97 | 0.601 | 0.59445 | 99.9980 | S+32 |
| A-3 | Aaa/AAA/AAA | 88.570 | 30.000% | 6.90 | 1.617 | 1.46043 | 100.9939 | S+88 |
| A-4 | Aaa/AAA/AAA | 132.150 | 30.000% | 9.47 | 1.771 | 1.65432 | 100.9953 | S+88 |
| A-5 | Aaa/AAA/AAA | 203.690 | 30.000% | 9.89 | 2.040 | 1.70765 | 102.9950 | S+90 |
| A-SB | Aaa/AAA/AAA | 29.266 | 30.000% | 7.04 | 1.867 | 1.41219 | 102.9989 | S+82 |
| A-S | Aa1/AAA/AAA | 61.886 | 20.750% | 9.97 | 2.398 | 2.06390 | 102.9948 | S+125 |
| B | NR/AA-/AA(high) | 28.435 | 16.500% | 9.97 | 2.499 | 2.16389 | 102.9929 | S+135 |
| C | NR/A-/A(high) | 29.271 | 12.125% | 9.97 | 3.358* | 3.01389 | 102.9926 | S+215 |
*Fixed Rate w/ WAC Cap
- ANTICIPATED SETTLEMENT: TUESDAY, OCTOBER 27, 2020
*TRANSACTION SUMMARY*
| POOL BALANCE: | $700,244,660 |
| NUMBER OF LOANS: | 48 |
| NUMBER OF PROPERTIES: | 127 |
| WA CUT-OFF LTV: | 57.1% |
| WA MATURITY LTV: | 52.4% |
| WA U/W NCF DSCR: | 2.54X |
| WA U/W NOI DY: | 10.8% |
| WA MORTGAGE RATE: | 3.70357% |
| TOP 10 LOANS %: | 55.9% |
| WA REM TERM MATURITY: | 113 MONTHS |
| LOAN SELLERS: | STARWOOD (33.1%), BARCLAYS (23.0%), BANA (12.5%), LMF (11.8%), BARCLAYS/SGFC (9.9%), SGFC (9.6%) |
| TOP 5 PROPERTY TYPES: | OFFICE (36.4%), SELF STORAGE (15.8%), RETAIL (11.1%), HOTEL (10.7%), MULTIFAMILY (9.6%) |
| TOP 5 STATES: | NY (18.6%), CA (15.9%), NV (11.9%), FL (9.9%), TX (9.5%) |
| MASTER SERVICER: | MIDLAND LOAN SERVICES |
| SPECIAL SERVICER: | LNR PARTERS, LLC |
| OPERATING ADVISOR: | PENTALPHA SURVEILLANCE LLC |
| DIRECTING HOLDER: | LNR SECURITIES HOLDINGS, LLC |
| RISK RETENTION: | “ L” |
| TRUSTEE: | WILMINGTON TRUST, NATIONAL ASSOCIATION |
| CERT. ADMIN.: | WELLS FARGO BANK, NATIONAL ASSOCIATION |
The issuer has filed a registration statement (including a prospectus) with the u.s. Securities and exchange commission (sec) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents that 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 searching the sec online database (edgar) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays capital inc. By calling 1-888-603-5847.