2025-P11

P11 Commercial Mortgage Trust (P11) 2025-P11

C/P

Sector

Status

Deal Name

Parent

Leads

Region

Date

Vornado Realty Trust

Class	CCY	SIZE (M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	IPT	GDNC	SPRD	CPN	YLD	PRICE
T	FIH	10.200	4.90	-	Ob3	-	-	LL	-	40.30%	-	Kizbn	R	200e	200j	200	6.12%	6.050%	44.97173
L	YQT	40.500	3.40	-	U3	-	-	L	-	68.00%	-	Ttmto	X	260f	260s	260	6.72%	6.650%	61.61353
V	NWS	84.400	1.70	-	CM	-	-	III (E)	-	6.91%	-	Yrjmg	M	350a	350h	350	7.62%	7.550%	89.34209
Z	XRP	912.600	9.50	-	Ctt	-	-	TTT	-	37.15%	-	Vvsnf	X	145c	140y	140	5.52%	5.450%	46.38094
L	AXL	89.400	1.10	-	NU	-	-	DD	-	8.00%	-	-	-	-	-	-	-	-	-
UVV	QQA	36.900	3.90	-	NW	-	-	GG (A)	-	2.00%	-	-	-	-	-	-	-	-	-

Tranche Comments

Z: Registration: 144O/Mmc T; T: Registration: 144G/Jxk C; L: Registration: 144M/Oyj Q; V: Registration: 144E/Vir A; Comments: ~50% Yyf-Ypjzfh; L: Registration: 144W/Fda E; Comments: Qmr-Qterrp; UVV: Registration: 144V/Oyf V; Comments: Trx-Tbjkxf;

Deal Comments

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Collateral

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Originator(s)

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Risk Retention

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Use of Proceeds

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