other_material
confidence high
sentiment neutral
materiality 0.50
BofA Merrill Lynch CMBS trust closes $537.98M offering of certificates backed by 40 loans
Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35
- On Aug 14, 2025, the trust issued $537.98M in publicly offered CMBS certificates backed by 40 mortgage loans on 65 properties.
- Net proceeds to the depositor were approx $578.6M after $7.87M in expenses; $4.23M paid to underwriters.
- The retaining sponsor held an eligible horizontal residual interest valued at $11.97M (1.92% of aggregate fair value of $622.9M).
- Certificates sold via underwriting agreement with BofA Securities, Morgan Stanley, Citi, Academy, and Drexel.
- Privately offered certificates (Classes D, E, F-RR, G-RR, V, R) sold in exempt transactions.
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