12/16/2024 | Press release | Distributed by Public on 12/16/2024 14:56
FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-261764-05 |
Sent: Monday, December 16, 2024 9:26 AM
Subject: BMARK 2024-V12 -- Status Update #3 (Public)(external)
Importance: High
BMARK 2024-V12 -- Status Update #3 (Public)(external)
Co-Lead Managers & Joint Bookrunners: Goldman Sachs & Co. LLC, Deutsche Bank Securities, BMO Capital Markets, Barclays and Citigroup
Co-Managers: Academy Securities & CastleOak Securities, L.P.
Capital Structure
Expected Ratings | Target | ||||||||
Class | Moody's/Fitch/KBRA | Size($mm) | C/E | WAL | Cum LTV | UW NOI DY | IPTs | $Px | Status/Net Status^^ |
A-1 | Aaa(sf)/AAAsf/AAA(sf) | 0.209 | 30.000% | 2.41 | 40.9% | 18.1% | J+70a | 100-00 | AUCTION^ TODAY |
A-3* | Aaa(sf)/AAAsf/AAA(sf) | 500.000 | 30.000% | 4.88 | 40.9% | 18.1% | J+85a | 103-00 | ~3.70x/~7.70x |
A-S | NR/AAAsf/AAA(sf) | 73.245 | 19.750% | 4.96 | 46.9% | 15.8% | J+110a | 103-00 | ~90% |
B | NR/AA-sf/AA-(sf) | 36.623 | 14.625% | 4.96 | 49.9% | 14.9% | J+125a | 103-00 | ~20% |
^ Class A-1 will be placed via auction held TODAY, Dec 16 at 12:00 PM ET
^^ There is protection on size, not level in classes A-3, A-S, and B
* Class Expected Range of Balance (mm) / Expected Range of WALs (yrs)
A-2: $0.000 - $200.000 / N/A - 4.83
A-3: $300.000 - $500.000 / 4.91 - 4.88
Anticipated Timing
Anticipated Pricing: Week of December 16th
Anticipated Settlement: December 31, 2024
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