FWP 1 n1716_email-x6.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226850-03
     

From: Bc Struct Prod Synd Barclay (BARCLAYS CAPITAL INC) At: 08/05/19 09:05:31

Subject: ANNOUNCEMENT: BBCMS 2019-C4 NEW ISSUE CMBS ***PUBLIC OFFERING***

BBCMS 2019-C4 -- NEW ISSUE CMBS

$835.403MM NEW ISSUE CMBS ***PUBLIC OFFERING***

 

JOINT BOOKRUNNERS  
& CO-LEAD MANAGERS: BARCLAYS CAPITAL INC.
  UBS SECURITIES LLC
  NATIXIS SECURITIES AMERICAS LLC
  SG AMERICAS SECURITIES, LLC
   
CO-MANAGERS: CIBC WORLD MARKETS CORP.
  DREXEL HAMILTON, LLC
  ACADEMY SECURITIES, INC.
   
RATING AGENCIES: MOODY’S, FITCH & KBRA

 

 

***PUBLIC OFFERED CERTIFICATES***

RATINGS AVAILABLE

CLASS (M/F/K) SIZE ($MM)* C/E WAL LTV DY
A-1 Aaa/AAA/AAA 23.654 30.000% 2.72 41.5% 16.4%
A-2 Aaa/AAA/AAA 21.251 30.000% 4.82 41.5% 16.4%
A-3 Aaa/AAA/AAA 11.205 30.000% 6.96 41.5% 16.4%
A-4** Aaa/AAA/AAA [268.156]   30.000% [9.57] 41.5% 16.4%
A-5** Aaa/AAA/AAA [270.008]   30.000% [9.86] 41.5% 16.4%
A-SB Aaa/AAA/AAA 34.107 30.000% 7.01 41.5% 16.4%
A-S Aa3/AAA/AAA 96.501 19.250% 9.93 47.9% 14.2%
B NR/AA-/AA- 39.273 14.875% 9.96 50.5% 13.5%
C NR/A-/A- 35.908 10.875% 9.96 52.9% 12.9%

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

** A-4 AND A-5 AVAILABLE SIZES ($MM) AND WALs ARE SUBJECT TO

CHANGE AS DETAILED IN THE ATTACHED TERM SHEET. RANGE OF

POSSIBLE AVAILABLE SIZES ($MM) BELOW:

A-4: 95.770 – 268.156

A-5: 270.008 – 442.394

 

 

--TRANSACTION SUMMARY--

POOL BALANCE: $937,339,143
NUMBER OF LOANS: 73
NUMBER OF PROPERTIES: 377
WA CUT-OFF LTV: 59.3%
WA MATURITY LTV: 54.4%
WA U/W NCF DSCR: 2.15x
WA U/W NOI DY: 11.5%
WA MORTGAGE RATE: 4.43256%
TOP 10 LOANS %: 38.9%
WA REM TERM MATURITY: 116 MONTHS
   
LOAN SELLERS: BARCLAYS (22.3%), SGFC (17.6%), UBS (15.8%), SMC (13.6%)
  RREF (12.0%), CIBC (9.4%), NATIXIS (9.3%)
   
TOP 5 PROPERTY TYPES: OFFICE (32.4%), HOTEL (17.9%), RETAIL (15.0%),
  MULTIFAMILY (14.0%), INDUSTRIAL (7.6%)
   
TOP 5 STATES: CA (26.1%), NY (11.7%), PA (7.3%), LA (6.6%), FL (6.0%)
   
MASTER SERVICER: WELLS FARGO BANK, N.A.
SPECIAL SERVICER: RIALTO CAPITAL ADVISORS, LLC
OPERATING ADVISOR: PARK BRIDGE LENDER SERVICES LLC
DIRECTING HOLDER: RREF III-D BBCMS 2019-C4 MOA-HRR, LLC (OR ANOTHER
  AFFILIATE OF RIALTO CAPITAL ADVISORS, LLC AND
  RIALTO REAL ESTATE FUND III – DEBT, LP.)
RISK RETENTION: L-SHAPED
TRUSTEE: WILMINGTON TRUST, N.A.
CERT. ADMIN.: WELLS FARGO BANK, N.A.
   
   
--ANTICIPATED TIMING--  
TERM SHEET/ANNEX A-1: ATTACHED
RED: TODAY (8/5)
THIRD PARTY SYSTEMS: TODAY (8/5)
ROADSHOW: **SEE SCHEDULE BELOW**
NYC 1-ON-1 MEETINGS: WEDNESDAY (8/5) **CONTACT SALES COVERAGE**
CONFERENCE CALLS: UPON DEMAND **CONTACT SALES COVERAGE**
PRE-SALE REPORTS: TODAY (8/5)
EXPECTED SETTLEMENT: 8/28
   
   
--ROADSHOW SCHEDULE--  
>> NORTHEAST: MONDAY 8/5
08:30AM EST: BREAKFAST, MAX DOWNTOWN (ALFRED ROOM), HARTFORD, CT
12:00PM EST: LUNCH, BOSTON HARBOR HOTEL (JOHN ADAMS SALON), BOSTON, MA
   
>> MIDWEST: TUESDAY 8/6
7:30AM CST: BREAKFAST, THE GRAND HOTEL (3 MISSISSIPPI), MINNEAPOLIS, MN
1:00PM CST: LUNCH, THE DES LUX HOTEL (THE BOARDROOM), DES MOINES, IA
   

 

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.

 

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this document 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 these materials 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.