0001539497-24-001656.txt : 20240813 0001539497-24-001656.hdr.sgml : 20240813 20240813140728 ACCESSION NUMBER: 0001539497-24-001656 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240813 DATE AS OF CHANGE: 20240813 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Benchmark 2024-V9 Mortgage Trust CENTRAL INDEX KEY: 0002030476 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-261764-04 FILM NUMBER: 241200478 BUSINESS ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GS MORTGAGE SECURITIES CORP II CENTRAL INDEX KEY: 0001004158 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance IRS NUMBER: 223442024 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FWP 1 n4397_x15-statusupdate.htm FWP

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-261764-04

Sent:	Tuesday, August 13, 2024 12:52 PM
Subject:	BMARK 2024-V9 -- Status Update (Public)(external)
Importance:	High

BMARK 2024-V9 -- Status Update (Public)(external)

Co-Lead Managers & Joint Bookrunners:	Goldman Sachs & Co. LLC, Barclays, BMO Capital Markets, Citigroup and Deutsche Bank Securities
Co-Managers:	Academy Securities & CastleOak Securities, L.P.

Capital Structure

Class	Expected Ratings Moody’s/Fitch/KBRA	Size($mm)	C/E	WAL	Cum LTV	IPTs		Status^
A-1	Aaa(sf)/AAAsf/AAA(sf)	1.595	30.000%	2.47	41.0%	Auction		SUBJ
A-2*	Aaa(sf)/AAAsf/AAA(sf)	*	30.000%	*	41.0%	LCF-2bps	\	~1.1x/~1.25x
A-3*	Aaa(sf)/AAAsf/AAA(sf)	*	30.000%	*	41.0%	J+120a	/	Combined
A-S	NR/AAAsf/AAA(sf)	98.133	19.000%	4.96	47.5%	J+175a		SUBJ(~2.5x/~3.5x)
B	NR/AA-sf/AA-(sf)	43.490	14.125%	4.96	50.3%	J+220a		SUBJ(~3+x/~4.75x)
C	NR/A-sf/A-(sf)	32.338	10.500%	4.96	52.4%	J+300a		SUBJ(~6.7x/~14.8x)
D	NR/BBBsf/BBB+(sf)	14.454	8.880%	4.96	53.4%	J+450a		SUBJ(~8.55x/~18x)

* Class Expected Range of Balance (mm) / Expected Range of WALs (yrs)

A-2:	$0.000 - $250.000 / N/A – 4.86
A-3:	$372.886 - $622.886 / 4.93 – 4.90

^ Existing g’tees in place in Class A-3, A-S, B, C and D

Collateral Summary

Initial Pool Balance:	$892,116,230
Number of Mortgage Loans:	32
Number of Mortgaged Properties:	74
Average Cut-off Date Balance:	$27,878,632
WA Mortgage Rate:	6.71961%
WA Rem. Term to Maturity/ARD (mos):	60
WA Rem. Amortization Term (mos):	360
WA Cut-off Date LTV Ratio:	58.6%
WA Maturity Date/ARD LTV Ratio:	58.5%
WA UW NCF DSCR:	1.65x
WA Debt Yield on Underwritten NOI:	11.8%

Property Types:	25.1% Retail, 23.9% Multifamily, 12.6% Mixed Use, 11.9% Industrial, 8.7% Hospitality, 7.6% Manufactured Housing, 7.4% Office

Top 5 States:	15.7% New York, 15.5% Texas, 8.7% Pennsylvania, 6.4% Virginia, 5.9% South Carolina

Risk Retention:	HRR

Master Servicer:	Midland Loan Services, a Division of PNC Bank, National Association

Special Servicer:	3650 REIT Loan Servicing LLC

Operating Advisor:	Park Bridge Lender Services LLC

Trustee:	Computershare Trust Company, National Association

Cert. Administrator:	Computershare Trust Company, National Association

Anticipated Timing

Anticipated Pricing:	Week of August 12th
Anticipated Settlement:	August 29, 2024

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