...The notes will be secured by a portfolio of collateral interests, primary assets of which are 22 loans secured by 50 commercial properties with an aggregate principal balance of $1,150,000,000 as of the cutoff date. These interests include four delayed-close loans totaling $231.1 million, equating to 20.1% of the aggregate collateral interest cutoff balance, which are expected to close within 60 days following the closing date. The transaction also includes $100,000,000 of ramp cash, which is allocated for the purchase of additional collateral interests over a six-month period. The collateral interests will be contributed to the issuer by BR CRE8 CLO Seller, LLC, which also serves as advancing agent. The pool does not include $32.3 million in expected future funding. BlackRock Financial Management, Inc. will act as collateral manager. Trimont LLC is expected to serve as servicer and special servicer. Wilmington Trust, National Association is expected to be the trustee, and Computershare...
