0001539497-18-001931.txt : 20181206 0001539497-18-001931.hdr.sgml : 20181206 20181206111016 ACCESSION NUMBER: 0001539497-18-001931 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181206 DATE AS OF CHANGE: 20181206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BBCMS Mortgage Trust 2018-C2 CENTRAL INDEX KEY: 0001754913 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-226850-01 FILM NUMBER: 181219531 BUSINESS ADDRESS: STREET 1: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-412-4000 MAIL ADDRESS: STREET 1: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Barclays Commercial Mortgage Securities LLC CENTRAL INDEX KEY: 0001541480 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 270108800 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-412-4000 MAIL ADDRESS: STREET 1: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FWP 1 n1428_email-x9.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226850-01

BCMS 2018-C2 – X-A & X-B (IO Announcement/Guidance)

NEW ISSUE CMBS ***PUBLIC OFFERING***

JOINT BOOKRUNNERS

& CO-LEAD MANAGERS: BARCLAYS CAPITAL INC.

CANTOR FITZGERALD & CO.

CO-MANAGERS: DREXEL HAMILTON, LLC

KEYBANC CAPITAL MARKETS INC.

RATING AGENCIES: S&P, FITCH & DBRS

***PUBLIC OFFERED CERTIFICATES***

	RATINGS	AVAILABLE	EXPECTED	PRICE
CLASS	(S/F/D)	SIZE ($MM)*	PROCEEDS	GUIDANCE
X-A	AAA/AAA/AAA	600.386	~$37.4MM	J+190-200
X-B	NR/A-/AA	157.601	~3.5MM	J+180-190

* AVAILABLE SIZE ($MM) IS NET OF RISK RETENTION

** XB AUCTION TODAY AT 3:00PM EST - BOTH CLASSES EXPECTED TO PRICE TOGETHER

COLLATERAL SUMMARY:

POOL BALANCE:	$891,853,554
NUMBER OF LOANS:	44
NUMBER OF PROPERTIES:	87
WA CUT-OFF LTV:	58.7%
WA UNDERWRITTEN NCF DSCR:	1.95x
WA UNDERWRITTEN NOI DEBT YIELD:	11.6%
WA MORTGAGE INTEREST RATE:	4.99123%
WA REM. TERM TO MATURITY (MOS):	116

LOAN SELLERS:	SMC (34.0%), BARCLAYS (33.6%), CCRE (16.9%), KEYBANK (15.4%)


TOP 5 PROPERTY TYPES:	OFFICE (37.0%), RETAIL (24.8%), HOSPITALITY (19.1%),
	MIXED USE (8.2%), MULTIFAMILY (4.4%), INDUSTRIAL (4.4%)

TOP 5 STATES:	CA (19.5%), TX (13.7%), DE (10.6%), AZ (9.1%), NV (7.5%)

TOP 10 & 5 LOANS
AS A % OF POOL:	48.8% & 29.5%


MASTER SERVICER:	WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:	LNR PARTNERS, LLC
OPERATING ADVISOR:	PARK BRIDGE LENDER SERVICES LLC
DIRECTING HOLDER:	LNR SECURITIES HOLDINGS, LLC (OR ITS AFFILIATE)
TRUSTEE:	WILMINGTON TRUST, NATIONAL ASSOCIATION
CERT. ADMINISTRATOR:	WELLS FARGO BANK, NATIONAL ASSOCIATION


ANTICIPATED TIMING:

PRICING:	TODAY/FRIDAY
TERM SHEET, ANNEX A-1:	ATTACHED
ANTICIPATED SETTLEMENT:	12/20

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226850) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling 1-888-603-5847.

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