Banc of America Merrill Lynch closes $582M public CMBS issuance; net proceeds $614M

BANK5 2025-5YR16

Issued $582.3M public certificates and VRR interest in BANK5 2025-5YR16 commercial mortgage trust.
Net proceeds of $614.4M after $5.25M expenses; $3.84M underwriting, $1.41M other costs.
Trust holds 40 fixed-rate mortgage loans secured by 180 commercial/multifamily properties.
Third-party purchaser CMBS 4 Sub 9, LLC bought HRR interest worth ~$27.9M (2.175% of ABS fair value).

item 8.01item 9.01

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