other material
confidence high
sentiment neutral
materiality 0.20
BANK5 2026-5YR22 closes $832.6M CMBS securitization with public and private certificates
BANK5 2026-5YR22
- Aggregate certificate balance of $832.6M: Public $735.8M, Private $96.8M.
- Underwriters include WFS, BofA Securities, Morgan Stanley, JPMorgan, Academy, Drexel, Siebert Williams.
- Credit risk retention: JPMCB retains VRR Interest (2.30%) and third-party holds HRR Interest (2.75% fair value).
- Net proceeds to registrant approx. $765.1M after expenses of $6.6M.
- Legal opinions filed re validity and tax considerations.