| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-226850-08 | ||
Subject: ** ANNOUNCEMENT ** NEW ISSUE CMBS: BBCMS 2021-C9
NEW ISSUE CMBS: BBCMS 2021-C9
$692,608,000 NEW ISSUE CMBS ****PUBLIC OFFERING****
| JOINT LEADS: | BARCLAYS, SOCIÉTÉ GÉNÉRALE, KeyBanc |
| CO-MANAGERS: | ACADEMY SECURITIES, Bancroft Capital, LLC |
| RATING AGENCIES: | S&P, FITCH, KBRA |
***PUBLIC OFFERED CERTIFICATES***
RATINGS AVAIL.
| CLASS | (S/F/K) | SIZE ($MM) | C/E | WAL | LTV | DY |
| A-1 | AAA/AAA/AAA | 25.700 | 30.000% | 2.80 | 39.7% | 14.9% |
| A-2 | AAA/AAA/AAA | 4.500 | 30.000% | 4.88 | 39.7% | 14.9% |
| A-4** | AAA/AAA/AAA | 240.000 | 30.000% | 9.54 | 39.7% | 14.9% |
| A-5** | AAA/AAA/AAA | 251.000 | 30.000% | 9.89 | 39.7% | 14.9% |
| A-SB | AAA/AAA/AAA | 34.474 | 30.000% | 6.93 | 39.7% | 14.9% |
| A-S | AA+/AAA/AAA | 66.482 | 21.625% | 9.93 | 44.4% | 13.3% |
| B | NR/AA-/AA | 36.714 | 17.000% | 9.93 | 47.1% | 12.5% |
| C | NR/A-/A- | 33.738 | 12.750% | 9.93 | 49.5% | 11.9% |
** A-4 AND A-5 SIZES ($MM) AND WALs ARE SUBJECT TO CHANGE AS DETAILED IN THE ATTACHED TERM SHEET. RANGE OF POSSIBLE AVAILABLE SIZES ($MM) BELOW:
A-4: [0] – [240.000]
A-5: [251.000] – [491.000]
*TRANSACTION SUMMARY*
| POOL BALANCE: | $793,820,306 |
| NUMBER OF LOANS: | 57 |
| NUMBER OF PROPERTIES: | 87 |
| WA CUT-OFF LTV: | 56.7% |
| WA MATURITY LTV: | 51.2% |
| WA U/W NCF DSCR: | 2.28X |
| WA U/W NOI DY: | 10.4% |
| WA MORTGAGE RATE: | 3.75018% |
| TOP 10 LOANS %: | 50.5% |
| WA REM TERM MATURITY: | 117 MONTHS |
| LOAN SELLERS: | BARCLAYS (21.5%), LMF (20.5%), BSPRT (17.8%), SGFC (13.6%), SMC |
| (10.7%), KeyBank (8.6%), BARCLAYS/SGFC (7.3%) |
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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.
