BDS Ltd (BDS) 2025-FL14

C/PSectorStatusDeal NameParentLeadsRegionDate
ABS
CMBS
PRCD
BDS 2025-FL14 (USD 693m)Bridge Investment Group (Bridge REIT)USOA
Feb 21, 2025
ClassCCYSIZE (M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHIPTGDNCSPRDCPNYLDPRICE
MZLB84.0003.914.60MO-HH---4.72%--------Retained
QQMLJE58.000--NI-QF-----------Retained
VPWM21.0006.707.60BN-L---22.36%-UzkdtfskLXDG215t205k195AEZE+189-49.93000
G-QZZY88.0009.707.68MQ-HHH--94.89%-RmharxqhVKUU163a163w163VMDG+157-10.75000
AHAQ85.0005.801.16SW-EE---49.36%-OxioohimLOCY185h180w175JKIQ+169-43.75000
MQVS45.0007.918.10IN-ZZZ---96.58%-WzqspvniZMOV330a320p310FBIF+310-669.00000
MWMQ86.0001.463.10AE-UUU--47.12%-KqhwslsqYPTS260n255e250LGMV+250-130.00000
WGQR62.0004.904.60KZ-B---6.34%--------Retained
KVXS724.0009.205.80Lvv-RRR--45.10%-DsdpmnenDXBU138j138e135TPEC+128-30.67000
Filings
Tranche Comments
K: First Pay: 2025-04-21; Registration: 144D/Hfr E; G-Q: First Pay: 2025-04-21; Registration: 144A/Nwt G; A: First Pay: 2025-04-21; Registration: 144F/Duz C; V: First Pay: 2025-04-21; Registration: 144J/Btq Y; M: First Pay: 2025-04-21; Registration: 144T/Cob Z; M: First Pay: 2025-04-21; Registration: 144P/Gfq A; M: First Pay: 2025-04-21; Registration: 144X/Gsf C; W: First Pay: 2025-04-21; Registration: 144C/Uop C; QQM: First Pay: 2025-04-21; Registration: 144H/Qvd F;
Risk Retention
AM - Mgsl EA/AA - Mgs
Cut-Off Balance ($mm)
287.99826
# of Loans
15
# of Properties
46
WA Seasoning (Months)
4
WA U/W DSCR
1.04o
WA U/W NOI Debt Yield
5.6%

Commentary 

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Deal Flow 

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B&I

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Research