FWP 1 n2374_x9-xapricing.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-228375-05
     

 

 

Sent: Monday, December 14, 2020 4:16 PM
Subject: BANK 2020-BNK30 **XA Pricing Details ** Publics

 

 

NEW ISSUE CMBS: $683.801mm BANK 2020-BNK30
   
CO-LEAD MANAGERS & BOOKRUNNERS: BofA Securities, Wells Fargo Securities, Morgan Stanley
   
CO-MANAGERS: Academy Securities and Drexel Hamilton

 

PUBLICLY OFFERED CERTIFICATES

 

CLASS DBRSM/Fitch/Moody’s SIZE($MM) Spread CPN $PX YLD
X-A AAA(sf)/AAAsf/Aaa(sf) $541.624 T+165 1.345886 10.1997 2.42635
X-B AA(low)(sf)/A-(sf)/NR $142.177        

 

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%)

 

RISK RETENTION Eligible vertical interest ("V")

 

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
ATTACHED TERM SHEET, ANNEX A-1
   
   
EXPECTED SETTLEMENT On or about 12/22/2020

 

 

 

 

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents 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 visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you may e-mail a request to prospectus_request@bofa.com. The securities may not be suitable for all investors. BofA Securities, Inc. and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AT THE BOTTOM OF ANY EMAIL COMMUNICATION TO WHICH THIS COMMUNICATION IS ATTACHED RELATING TO (1) THESE MATERIALS NOT CONSTITUTING AN OFFER (OR A SOLICITATION OF AN OFFER), (2) NO REPRESENTATION THAT THESE MATERIALS ARE ACCURATE OR COMPLETE AND MAY NOT BE UPDATED OR (3) THESE MATERIALS POSSIBLY BEING CONFIDENTIAL, ARE NOT APPLICABLE TO THIS OFFERING AND SHOULD BE DISREGARDED. SUCH LEGENDS, DISCLAIMERS OR OTHER NOTICES HAVE BEEN AUTOMATICALLY GENERATED AS A RESULT OF THESE MATERIALS HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER SYSTEM.