Bank 2023-BNK45 FWP Free writing prospectus

FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-261279-03

NEW ISSUE CMBS:	approx. $599.606mn BANK 2023-BNK45
CO-LEAD MANAGERS & BOOKRUNNERS:	BofA Securities, Wells Fargo Securities and Morgan Stanley
CO-MANAGERS:	Academy Securities, Inc. and Drexel Hamilton

PUBLICLY OFFERED CERTIFICATES

CLASS	Fitch/Moody’s/KBRA	SIZE($MM)	SPREAD	COUPON	YIELD	PRICE
X-A	AAAsf/Aaa(sf)/AAA(sf)	$468.966	J+225	0.9944	6.0666	6.9366

POOL BALANCE:	$705,212,280
NUMBER OF LOANS/PROPERTIES:	24/35
WA MORTGAGE INT. RATE:	6.3008%
WA CUT-OFF LTV:	51.1%
WA UW NCF DSCR:	1.88x
WA UW NOI DEBT YLD:	13.6%
WA ORIG TERM TO MATURITY:	108
TEN LARGEST LOANS:	75.2%
LOAN SELLERS:	MSMCH(37.4%), WFB(37.0%),BANA/WFB(14.9%),BANA(10.6%)
TOP 5 STATES:	AZ(13.4%),MA(12.0%),FL(11.8%),IL(10.7%),NC(9.9%)
TOP 5 PROPERTY TYPES:	RT(36.1%),OF(28.1%),HT(13.9%),IND(11.2%),MU(9.9%)
RISK RETENTION Eligible vertical interest ("V")
MASTER SERVICER:	Wells Fargo Bank
SPECIAL SERVICER:	LNR Partners, LLC
TRUSTEE:	ComputerShare
CERT ADMIN:	ComputerShare
TRUST ADVISOR:	Park Bridge
INITIAL CONTROLLING CLASS REP:	LD III Sub XI, LLC
Documents and Expected Timing:
Attached:	TERM SHEET, ANNEX A-1, PRELIM PROSPECTUS
PRICING:	PRICED
SETTLEMENT:	On or about February 23