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
📋 Quick Links
🏢 Entities
8
📈 Metrics
34
📊 Charts
15
💰 Fund Holdings
12
📄 Documents
5
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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
$999,930,930
Current Trust Amount
$998,654,523
Number of Loans
49
Number of Properties
83
Average Loan Size
$20,406,754

Portfolio Characteristics

Weighted Average Interest Rate
6.8%
Weighted Average Term
120 months
WA DSCR (NCF) at Issuance
1.61x
WA DSCR (NCF) Current
1.64x
Original Valuation
$2,199,070,000
Current Valuation
$2,315,070,000

Key Dates

Origination Date
1/6/2025
Latest Valuation
11/5/2027
Latest Transfer
N/A
Latest Return
N/A
Latest Modification
N/A

Special Servicing Status

Loans in Special Servicing
0
Special Servicing Balance
N/A
Loans Returned to Master
0
Balance Returned
N/A
Avg Time in Special Servicing
0 days
Avg Time to Return
0 days

Valuation Changes

Updated Valuations
0
Total Updated Value
N/A
Value Change Amount
N/A
Value Change Percentage
N/A

Modifications

Number of Modifications
0
Modified Balance
N/A

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - BBCMS 2025-C32 - All States
2026-03-03

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-02-26
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
American Funds Multi-Sector Income Fund2026-02-26Search FIGILookup LEIC$13,884,3562025-12-31
SIIT CORE FIXED INCOME FUND2026-01-28Search FIGILookup LEIA-5$4,127,9722026-05-31
Allspring Core Bond Portfolio2025-06-25Search FIGILookup LEIA-5$3,591,9842025-04-30
American Funds Strategic Bond Fund2026-02-26Search FIGILookup LEIC$2,428,1652025-12-31
Catholic Responsible Investments Bond Fund2026-01-09Search FIGILookup LEID$2,166,5572025-10-31
Putnam Mortgage Opportunities Fund2026-01-27Search FIGILookup LEIX-A$1,020,9202026-05-31
Putnam Morgtage Securities Fund2026-02-25Search FIGILookup LEIX-A$867,6482026-09-30
John Hancock Mortgage-Backed Securities ETF2025-12-29Search FIGILookup LEIA-5$588,2722026-04-30
Putnam Master Intermediate Income Trust2026-02-25Search FIGILookup LEIX-A$174,6132026-09-30
Putnam VT Mortgage Securities Fund2026-02-25Search FIGILookup LEIX-A$82,0942025-12-31
NVIT DoubleLine Total Return Tactical Fund2026-02-23Search FIGILookup LEIX-A$81,9942025-12-31
Opportunistic Fixed Income Fund2026-01-28Search FIGILookup LEIC$50,7462026-08-31
Fund NameTranchesIds
American Funds Multi-Sector Income Fund
$13,884,356
2025-12-31
CSearch FIGI
Lookup LEI
SIIT CORE FIXED INCOME FUND
$4,127,972
2026-05-31
A-5Search FIGI
Lookup LEI
Allspring Core Bond Portfolio
$3,591,984
2025-04-30
A-5Search FIGI
Lookup LEI
American Funds Strategic Bond Fund
$2,428,165
2025-12-31
CSearch FIGI
Lookup LEI
Catholic Responsible Investments Bond Fund
$2,166,557
2025-10-31
DSearch FIGI
Lookup LEI
Putnam Mortgage Opportunities Fund
$1,020,920
2026-05-31
X-ASearch FIGI
Lookup LEI
Putnam Morgtage Securities Fund
$867,648
2026-09-30
X-ASearch FIGI
Lookup LEI
John Hancock Mortgage-Backed Securities ETF
$588,272
2026-04-30
A-5Search FIGI
Lookup LEI
Putnam Master Intermediate Income Trust
$174,613
2026-09-30
X-ASearch FIGI
Lookup LEI
Putnam VT Mortgage Securities Fund
$82,094
2025-12-31
X-ASearch FIGI
Lookup LEI
NVIT DoubleLine Total Return Tactical Fund
$81,994
2025-12-31
X-ASearch FIGI
Lookup LEI
Opportunistic Fixed Income Fund
$50,746
2026-08-31
CSearch 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.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineageFund not listed or misattributed? Contact us at support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-03-03
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2025-01-28
Final Prospectus
Document filing with updated information.
View on SEC →
2025-01-21
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2025-01-17
Annex A
Document filing with updated information.
View on SEC →
2025-01-17
Final Termsheet
Document filing with updated information.
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.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Have a source-backed note on this deal? Contact us.

Datasets & API#

Machine-readable spec (ODPS): /odps/cmbs-deals.yaml
GET 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.
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CMBS Fund Holdings Dataset

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

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CREFC IRP standardized datasets

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