BBCMS 2025-C32
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated March 3, 2026.2026-03-03
Coverage: —Freshness: —Latency: —Last schema change: —
Quick Answer
What is BBCMS 2025-C32? A US commercial mortgage-backed security ($999.9M; 49 loans; 83 properties).
Identifiers: Series bbcms2025-c32; CIK 2049300.
Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.
Sources: SEC EDGAR CIK 2049300.
Machine-readable data: https://dealcharts.org/llm/facts/bbcms2025-c32.json · API docs
Who's Involved#
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassARGENTIC SECURITIES INCOME USA 2 LLC OR ITS AFFILIATE
DepositorBarclays Commercial Mortgage Securities
Special ServicerArgentic Services Company LP
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerMidland Loan Services
TrusteeComputershare Trust Company, N.A.
Operating AdvisorPark Bridge Lender Services
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$999,930,930Current Trust Amount
$998,654,523Number of Loans
49Number of Properties
83Average Loan Size
$20,406,754Portfolio Characteristics
Weighted Average Interest Rate
6.8%Weighted Average Term
120 monthsWA DSCR (NCF) at Issuance
1.61xWA DSCR (NCF) Current
1.64xOriginal Valuation
$2,199,070,000Current Valuation
$2,315,070,000Key Dates
Origination Date
1/6/2025Latest Valuation
11/5/2027Latest Transfer
N/ALatest Return
N/ALatest Modification
N/ASpecial Servicing Status
Loans in Special Servicing
0Special Servicing Balance
N/ALoans Returned to Master
0Balance Returned
N/AAvg Time in Special Servicing
0 daysAvg Time to Return
0 daysValuation Changes
Updated Valuations
0Total Updated Value
N/AValue Change Amount
N/AValue Change Percentage
N/AModifications
Number of Modifications
0Modified Balance
N/ADeal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-02-26| Fund Name | Tranches | Ids |
|---|---|---|
| American Funds Multi-Sector Income Fund $13,884,356 2025-12-31 | C | Search FIGI Lookup LEI |
| SIIT CORE FIXED INCOME FUND $4,127,972 2026-05-31 | A-5 | Search FIGI Lookup LEI |
| Allspring Core Bond Portfolio $3,591,984 2025-04-30 | A-5 | Search FIGI Lookup LEI |
| American Funds Strategic Bond Fund $2,428,165 2025-12-31 | C | Search FIGI Lookup LEI |
| Catholic Responsible Investments Bond Fund $2,166,557 2025-10-31 | D | Search FIGI Lookup LEI |
| Putnam Mortgage Opportunities Fund $1,020,920 2026-05-31 | X-A | Search FIGI Lookup LEI |
| Putnam Morgtage Securities Fund $867,648 2026-09-30 | X-A | Search FIGI Lookup LEI |
| John Hancock Mortgage-Backed Securities ETF $588,272 2026-04-30 | A-5 | Search FIGI Lookup LEI |
| Putnam Master Intermediate Income Trust $174,613 2026-09-30 | X-A | Search FIGI Lookup LEI |
| Putnam VT Mortgage Securities Fund $82,094 2025-12-31 | X-A | Search FIGI Lookup LEI |
| NVIT DoubleLine Total Return Tactical Fund $81,994 2025-12-31 | X-A | Search FIGI Lookup LEI |
| Opportunistic Fixed Income Fund $50,746 2026-08-31 | C | Search FIGI Lookup LEI |
12 of 12 funds* Use toggle buttons to sort
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Provenance & Documents
Issuance → amendments → reports. Tap to view on SEC.Context & Commentary#
Entity Statements
No statements from entities yet. Contact us at support@cmdrvl.com to add official context.External Analysis
No external analysis linked yet. Contact us to publish and link your research.Have a source-backed note on this deal? Contact us.
Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/bbcms2025-c32
{
"deal_id": "bbcms2025-c32",
"issuer": "",
"shelf": "",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "S&P, Fitch, KBRA"
},
{
"role": "Controlling Class",
"name": "ARGENTIC SECURITIES INCOME USA 2 LLC OR ITS AFFILIATE"
},
{
"role": "Depositor",
"name": "Barclays Commercial Mortgage Securities"
},
{
"role": "Special Servicer",
"name": "Argentic Services Company LP"
},
{
"role": "Certificate Administrator",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Trustee",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Operating Advisor",
"name": "Park Bridge Lender Services"
}
]
}Access the underlying datasets used to power these analytics.

CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
Paid

CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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