| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-228375-05 |
| | |
Sent: Tuesday, December 8, 2020 10:31 AM
Subject: BANK 2020-BNK30 **NEW ISSUE ANNOUNCEMENT** Public
NEW ISSUE CMBS: $683.801mm BANK 2020-BNK30
CO-LEAD MANAGERS & BOOKRUNNERS: BofA Securities, Wells Fargo Securities and Morgan Stanley
CO-MANAGERS: Academy Securities, Inc. and Drexel Hamilton
PUBLICLY OFFERED CERTIFICATES
| | | WAL | | | | |
CLASS | DBRSM/Fitch/MDY | SIZE($MM) | (YRS) | CE% | WINDOW | DY% | LTV% |
A-1 | AAA(sf)/AAAsf/AAA(sf) | $ 33.289 | 2.61 | 30.000% | 1-59 | 17.1 | 35.2% |
A-2 | AAA(sf)/AAAsf/AAA(sf) | $ 4.146 | 4.90 | 30.000% | 59-59 | 17.1 | 35.2% |
A-SB | AAA(sf)/AAAsf/AAA(sf) | $ 34.929 | 7.07 | 30.000% | 59-109 | 17.1 | 35.2% |
A-3* | AAA(sf)/AAAsf/AAA(sf) | $180.000 | 9.40 | 30.000% | 109-119 | 17.1 | 35.2% |
A-4* | AAA(sf)/AAAsf/AAA(sf) | $289.260 | 9.94 | 30.000% | 119-120 | 17.1 | 35.2% |
A-S | AAA(sf)/AAAsf/Aa2(sf) | $ 55.130 | 9.98 | 22.875% | 120-120 | 15.5 | 38.8% |
B | AA(high)(sf)/AA-sf/NR | $ 56.097 | 9.98 | 15.625% | 120-120 | 14.2 | 42.4% |
C | A(high)(sf)/A-sf/NR | $ 30.950 | 9.98 | 11.625% | 120-120 | 13.5 | 44.4% |
* Sizes subject to change as detailed in the attached Term Sheet. Range of possible available sizes below:
A-3: $0 - $300.000mm
A-4: $169.260mm - $469.260mm
POOL BALANCE: | $814,473,443 |
NUMBER OF LOANS/PROPERTIES: | 40/62 |
WA MORTGAGE INT. RATE: | 3.1292% |
WA CUT-OFF LTV: | 50.3% |
WA UW NCF DSCR: | 3.23x |
WA UW NOI DEBT YLD: | 12.0% |
WA ORIG TERM TO MATURITY: | 120 |
WA ORIG AMORTIZING TERM: | 337 |
TEN LARGEST LOANS: | 70.6% |
LOAN SELLERS: | WFB(34.8%), MSMCH(30.9%), BANA(29.1%), NCB(5.3%) |
TOP 5 STATES: | NY(31.6%), CA(20.4%), FL(9.2%), IL(8.8%), UT(5.0%) |
TOP 5 PROPERTY TYPES: | OF(44.1%), RT(31.9%), IN(9.9%), MF(5.8%), HOT(4.0%) |
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RISK RETENTION | Eligible vertical interest ("V") |
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MASTER SERVICER: | Wells Fargo Bank and National Cooperative Bank |
SPECIAL SERVICER: | Greystone Servicing Company and National Cooperative Bank |
TRUSTEE: | Wilmington Trust |
CERT ADMIN: | Wells Fargo Bank |
TRUST ADVISOR: | Park Bridge Lender Services |
INITIAL CONTROLLING CLASS REP: | Eightfold Real Estate Capital |
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Documents and Expected Timing: | |
TERM SHEET, ANNEX A-1: | Attached |
PRELIM PROSPECTUS: | Dec 8 |
PRESALE REPORTS: | Dec 8 & 9 |
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INVESTOR CALL: | Tuesday Dec 8 11AM ET (live/not-recorded) |
US Toll free: | 855.312.6136 / Passcode: 631 269 19# |
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PRICING: | Week of Dec 7 |
SETTLEMENT: | On or about Dec 22 |
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