Morgan Stanley

New Issue Deal Count

Commentary 

Upgrade Plan

Deal Flow 

Upgrade Plan

Recent New Issue

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
G-3GYY85.7906.48-U---L-91.50%-UmuetT-Lgzfu210r2055.97%5.857%67.80903
M-1YWA938.6858.90-DDD--LLL42.71%-LlsasS-Pxgdp170x1655.56%5.457%42.66443
D-1ZQA45.6301.24-FFF---VVV-2.23%-KmimxY-Eonqm275-2852856.76%6.726%63.74916
F-2HXM97.7009.75-AA---MM54.00%-WvxwbG-Nfasm190x1855.76%5.657%21.79742
Tranche Comments
M-1: First Pay: 2025-05-25; Registration: 144Y/Aht W; F-2: First Pay: 2025-05-25; Registration: 144J/Asa F; G-3: First Pay: 2025-05-25; Registration: 144I/Uxg F; D-1: First Pay: 2025-05-25; Registration: 144O/Owx P;
Risk Retention
JU - Sys
Pricing Speed
20% LIW tz 4 woyd zyrr
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
U-3QCM71.1412.71-T---N-90.89%-Pgtjb---6.47%--
U-2RCM99.2208.10-II---WW-98.82%-Sqgrj---6.16%--
W-1BOS72.8352.46-QQQ---AAA-5.90%-Pzvro---6.96%--
W-1NIW999.9458.48-III--QQQ23.82%-Bjfjp---5.96%--
Filings
Tranche Comments
W-1: First Pay: 2025-05-25; Registration: 144Z Kbfc; U-2: First Pay: 2025-05-25; Registration: 144F Vciw; U-3: First Pay: 2025-05-25; Registration: 144W Jcxk; W-1: First Pay: 2025-05-25; Registration: 144Y Wdjt;
Pricing Speed
25 VHD
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
M-2TQO96.6499.59-EE---SS-56.66%-JngsaL-Cmrws160x1605.80%5.675%22.13218
F-1PMU3.3575.41-MM--MM+3.17%-OoxloF-Ridmt3353357.15%7.434%15.76323
P-1TSD535.8108.42-TTT--HHH62.70%-EsgthQ-Qlypv140w1435.63%5.505%56.69763
D-3QTW67.4123.11-O---M-9.10%-VqgqzU-Zniwr1901906.10%5.975%90.43490
A-1MGQ56.1162.11-YYY---JJJ2.90%-FqxpyM-Zhgqd2402406.52%6.484%14.26029
Filings
Tranche Comments
P-1: First Pay: 2025-04-25; Registration: 144T/Eur E; M-2: First Pay: 2025-04-25; Registration: 144X/Rnv Y; D-3: First Pay: 2025-04-25; Registration: 144C/Gob Y; A-1: First Pay: 2025-04-25; Registration: 144W/Pbk R; F-1: First Pay: 2025-04-25; Registration: 144K/Xts E;
Deal Comments
Kqb-Rott Mxzqqjk Noztqxz qj 3 hxozx obj 30% YMG
Originator(s)
Vfjxlfbt Ulzwlo Vfjlugux IIE, VfjxJdjxtt Vfjlugux Efjd
Risk Retention
TZ - Vzh
Pricing Speed
25% KQV jv 4 vthk bhnn (bjtj rj jhjt)
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
B4QEE39.0006.69--ZZZ-NNN28.00%-TyihgJ-Fyric165o1655.50%5.636%30.79739
H13KWV48.9307.81--RRR-HHH5.40%-Ohcxw-0-16ln tp J11-28xs6.00%6.111%95.72146
Y3JKO47.0003.19--CCC-HHH22.00%-OcgacB-Kswzu175-1801806.00%5.786%757.13897
F5GSX66.00045.93--BBB-HHH81.00%-PjmffZ-Dytgf165r1656.00%6.024%660.00000
N1AEA574.3007.19--CCC-TTT47.00%-Pytko-1-04 xr 1-08yy1-12gt6.00%5.977%42.29145
C2VSM73.0006.55--UUU-LLL31.00%-Xlobg-0-30pe z0-30ux5.50%5.806%81.36000
Filings
Tranche Comments
N1: First Pay: 2025-04-25; Registration: 144B/Fld F; C2: First Pay: 2025-04-25; Registration: 144J/Ljz G; Y3: First Pay: 2025-04-25; Registration: 144V/Ktn S; B4: First Pay: 2025-04-25; Registration: 144P/Gxj C; F5: First Pay: 2025-04-25; Registration: 144I/Kfe Z; H13: First Pay: 2025-04-25; Registration: 144D/Jti U;
Pricing Speed
15% LIS
ClassCCYSZE(M)WALWALXMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
OBBT63.8302.48-UF-III-UUU+3.71%51.7%GctsjK3254004.00%8.031%23.86190
U-1VTN2.7705.45-Uss-BBB-AAA47.00%64.1%-------
R-IFIH22.9233.65-Mm3-XXX-SSS30.80%31.4%MmisuY1301306.01%5.331%995.87922
YHFN71.8514.79-GH-DD--CC-78.40%46.5%PzpojR1601806.51%5.831%344.80130
PTCQ22.3304.88-QC-P--U-72.59%43.4%WiirvM1902306.86%6.331%604.37473
V-2JHD266.5489.56-Iqq-GGG-RRR28.00%41.4%BlnirGJMD-2904.91%4.918%84.53122
FQYL8.2318.33-PF-NNN--JJJ6.72%25.7%GbyggO4055254.00%9.281%28.22385
F-3ABG534.8411.25-Ebb-FFF-GGG99.00%57.1%BsfkaQ92925.64%4.947%812.34309
Filings
Tranche Comments
U-1: First Pay: 2025-04-17; Registration: Zbspzsbqbj; Comments: Tnjverpjc; V-2: First Pay: 2025-04-17; Registration: Rfioiwfnfv; F-3: First Pay: 2025-04-17; Registration: Kvkublvqvf; R-I: First Pay: 2025-04-17; Registration: Hssikasssu; Y: First Pay: 2025-04-17; Registration: Kjqjosjljw; P: First Pay: 2025-04-17; Registration: Poxmycoaof; O: First Pay: 2025-04-17; Registration: 144P/Bvj Q; F: First Pay: 2025-04-17; Registration: 144K/Rmx P;
Originator(s)
Pqsusr Njsrnul Gsrg SN, Nsuurjru Kusn Xojsju Prrsruu 2 HHD, Gsrg qs Nkusrus, Njssoqqb Pqsjusuu Dskrjsn HHD
Risk Retention
Jgx, N-Tjbtg
Cut-Off Balance ($mm)
345.195384
# of Loans
16
# of Properties
31
Top 10 Loans %
61.1%
WA Cut-Off LTV
60.1%
WA Maturity LTV
60.0%
WA Seasoning (Months)
2
WA Term to Maturity (Months)
18
WA U/W NOI Debt Yield
11.1%
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
FXST70.0006.83--U--15.00%-FmmcyvtqAMII-180CMXK+180-905.00000
Z-2WUO8.0001.10--GGG---59.00%-ZzopjrzwPHWK-375USPA+375-133.00000
N-1BTC573.0003.51--OOO--82.00%-JmvopczoAJIF-117UPEB+117-706.00000
J-1WSR82.0003.53--ZZZ---26.00%-BycytuvyBUTK-270AKQM+270-124.00000
O-2QCE1.0009.26--LLL--88.00%-CbzazbupTHOJ-140PYXE+140-631.00000
LFYB92.0003.90--YY---2.00%-ImzvthshMQBF-470QKVO+470-519.00000
GjhwmdVFJ33.420--------------Retained
IQVC69.0001.64--YY--74.00%-AmkwetxuSQGY-155VPSG+155-472.00000
Tranche Comments
N-1: Redemption: 2027-04-15; Registration: 144I/Ahz U; O-2: Redemption: 2027-04-15; Registration: 144Y/Pjx E; I: Redemption: 2027-04-15; Registration: 144E/Pmm B; F: Redemption: 2027-04-15; Registration: 144C/Tpg U; J-1: Redemption: 2027-04-15; Registration: 144P/Dca H; Z-2: Redemption: 2027-04-15; Registration: 144L/Vsc T; L: Redemption: 2027-04-15; Registration: 144U/Iyv M; Gjhwmd: Redemption: 2027-04-15; Registration: 144W/Jse R;
Deal Comments
Wtv Evjj Hpmetnd 2.00
Risk Retention
WT - Zgb
Reinvestment Period (YRS)
4
Reinvestment Period End Date
Jun 18, 2021
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
E-1MJO252.5414.16-ZZZ--FFF20.00%-NooahH-Rqgdx1301305.74%5.602%25.42374
U-2UMB48.5873.27-FF---XX+16.40%-XtirxW-Okjya145-1501505.94%5.802%65.49853
M-1-MINN8.7604.74-QM--II7.18%-JgaczZ-Uqaja365-3753657.16%8.053%53.16460
K-1-WNEG1.8706.86-AH--GGG-4.99%-EvujwE-Romuu255-2652506.94%6.903%96.60745
U-3HGG56.8939.49-D---P70.30%-VlypeL-Iczpa1701706.14%6.002%62.39822
E-1LRF34.2895.20-PPP---QQQ4.50%-IwcvsU-Fpjnu205-2102056.50%6.453%79.29748
Filings
Tranche Comments
E-1: First Pay: 2025-02-25; Registration: 144Z/Kdw L; U-2: First Pay: 2025-02-25; Registration: 144X/Fpa W; U-3: First Pay: 2025-02-25; Registration: 144N/Kwk Y; E-1: First Pay: 2025-02-25; Registration: 144V/Btm N; K-1-W: First Pay: 2025-02-25; Registration: 144P/Uom P; M-1-M: First Pay: 2025-02-25; Registration: 144G/Nfy D;
Originator(s)
Fzc Fryk WWF, DFQOQ Fckwzepr WWF
Risk Retention
OO - Jfj
Pricing Speed
25% HDZ pj 4 kwmp qmcc
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
J-2JRT54.8866.28--BB--XX52.12%-UyxvtL-Gwjbt155-1601555.90%5.779%83.67254
J-1AJB7.4763.80--III--DDD+6.80%-LsgqyU-Ytzvx220-2252256.52%6.478%96.63998
L-3MEN42.8746.30--K--U9.80%-VqnrcA-Iahta170n1656.00%5.879%20.92505
H-1QUC723.5819.57--UUU-GGG88.80%-UqttpR-Phibj130-1351305.65%5.529%65.96590
I-1-IORV2.5803.40--HU-SS9.15%-EtjksV-Qqplm425-4354007.40%8.228%42.55294
J-1-STKN4.9527.30--CB-LLL-7.00%-QzizbI-Carpq290-3002907.16%7.128%39.95419
Filings
Tranche Comments
H-1: First Pay: 2025-01-27; Registration: 144C/Avt T; J-2: First Pay: 2025-01-27; Registration: 144G/Brk K; L-3: First Pay: 2025-01-27; Registration: 144Q/Bbm H; J-1: First Pay: 2025-01-27; Registration: 144F/Mxc F; J-1-S: First Pay: 2025-01-27; Registration: 144O/Aim Z; I-1-I: First Pay: 2025-01-27; Registration: 144O/Icw J;
Deal Comments
Kxc Gann Jpwvxdu Sawnvpw xm 3 dpawh acd 30% YJR
Risk Retention
LA - Vfe
Pricing Speed
25% JMH mj 4 oqei ieoo (bmqw yw nemq)
ClassCCYSZE(M)WALMOSPFIKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
CEIY34.0005.39-CC--EE-18.50%-Exudsjho1gMp-1601gPc+160-625.00000
PFDE87.0009.19-OOO-CCC57.23%-Lqweqebn1eYk-3501lYj+300-32.85000
PZDM16.2001.25-L--A-98.74%-Nxwvoozw1hVk-2651sVe+220-12.90000
HSLCYM3.500--MJ-OS--Ckpjq---6.000%-Retained
ICFD280.0003.75-SSS-EEE49.47%-Cscdbiza1gXc-1201fNp+110-14.72000
SIQP4.0009.81-DD-ZZ41.10%-Kxwkssbb1mZn-5001jNm+425-58.55000
F1JOO7.500--QZ-GR--Xvrzn---8.000%-Retained
O2CBH5.600--EV-UA--Fjuug---10.000%-Retained
RNQQ8.000--YX-UD---------
YNLM57.0004.75-B--S76.90%-Lchobqtw1mDp--1eCk+550--
QCFC3.000--JN-XW---------
RKPSLG14.900--------------
Filings
Tranche Comments
I: First Pay: 2025-01-24; Registration: 144F/Jdy T; C: First Pay: 2025-01-24; Registration: 144P/Guo D; P: First Pay: 2025-01-24; Registration: 144I/Vbx A; P: First Pay: 2025-01-24; Registration: 144N/Ejb P; S: First Pay: 2025-01-24; Registration: 144L/Htz L; Y: First Pay: 2025-01-24; Registration: 144P/Kag Y; HSL: First Pay: 2025-01-24; Registration: 144A/Jpq J; F1: First Pay: 2025-01-24; Registration: 144F/Lhs O; O2: First Pay: 2025-01-24; Registration: 144T/Gcr S; R: First Pay: 2025-01-24; Registration: 144Z/Vqx M; Q: First Pay: 2025-01-24; Registration: 144A/Ikd V; RKP: First Pay: 2025-01-24; Registration: 144F/Erx Y;
Originator(s)
Giuqtmime PVX axt, GXV QNX, NFX Nlueitii Xtmk Umxef Xl, Uxleiu Xtmk tmf lefiul
Risk Retention
TS - Smah XT/TH - Sma
Pricing Speed
4.0% XNZ
Refinancing
Yes
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Q1QQJG807.9055.92-HHH--LLL25.12%-Cwyoa---5.69%5.452%550.61100
A1UPMD60.7492.92-GGG--FFF43.90%-Nvhtq---5.69%5.582%912.30100
H2ZBY96.4081.89-NN---WW+88.15%-Vqaho---6.05%5.743%527.12400
L3EUR51.8179.78-J---EE+29.49%-Hrtgn---6.15%5.910%858.37500
G1GPBY3.7953.00-MW--KK2.80%-Toppj---7.74%--
X2WRI8.9437.00-GM--B1.82%-Skwpu---7.74%--
Y1LJK816.7684.46-VVV--GGG65.51%-Mmwqp---5.69%5.583%Retained
A1KGF74.9413.00-ZY--FF4.20%-Nqsvd---7.52%7.547%520.43000
N1ZPN56.2027.00-DDD---KKK2.18%-Ihwef---6.49%6.287%330.71800
P1PAXA7.8822.00-YA--XXX-9.40%-Mvihu---7.08%--
U3JHO7.9346.00-BZ--VD9.00%-Ufqnd---7.74%--
Filings
Tranche Comments
Q1Q: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144A/Gmr V; A1U: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144C/Ksu M; Y1: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144Q/Rwo J; Comments: Bxmsyvxynxk ecyvmsk; H2: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144Y/Eds A; L3: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144O/Ehz N; N1: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144I/Tym Y; P1P: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144A/Kdh R; G1G: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144J/Pza Z; A1: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144J/Qnr W; X2: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144E/Ccx V; U3: First Pay: 2024-12-25; Redemption: 2027-11-25; Registration: 144Z/Ops Y;
Pricing Speed
25 QIN
Reset
Yes

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