BBCMS 2025-C32 – Deal Overview & Connected Data

Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated September 30, 2025.
2025-09-30

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.

Who's Involved#

Rating AgenciesS&P, Fitch, KBRAOwn this profile? Verify your entity.
Master ServicerMidland Loan ServicesOwn this profile? Verify your entity.
Special ServicerArgentic Services Company LPOwn this profile? Verify your entity.
Certificate AdministratorComputershare Trust Company, N.A.Own this profile? Verify your entity.
Operating AdvisorPark Bridge Lender ServicesOwn this profile? Verify your entity.

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
$999,090,811
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
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

Fund Exposure#

Source: NPORT-P & related disclosures • 2025-08-28
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
American Funds Multi-Sector Income Fund2025-08-25Search FIGILookup LEIC$13,905,5192025-12-31
Allspring Core Bond Portfolio2025-06-25Search FIGILookup LEIA-5$3,591,9842025-04-30
Fidelity Real Estate High Income Fund2025-07-24Search FIGILookup LEID, C$3,290,7642025-11-30
American Funds Strategic Bond Fund2025-08-25Search FIGILookup LEIC$2,431,8662025-12-31
DoubleLine Flexible Income Fund2025-08-22Search FIGILookup LEIX-D$2,345,8822026-03-31
Catholic Responsible Investments Bond Fund2025-09-29Search FIGILookup LEID$2,215,9292025-10-31
Mercer Core Fixed Income Fund2025-08-21Search FIGILookup LEIA-5$2,160,0522026-03-31
Schwab U.S. Aggregate Bond ETF2025-08-25Search FIGILookup LEIA-4, A-5$2,115,1292025-12-31
Schwab U.S. Aggregate Bond Index Fund2025-07-25Search FIGILookup LEIA-4, A-5$2,050,6702025-08-31
VOYA SECURITIZED CREDIT FUND2025-08-25Search FIGILookup LEIX-A$1,721,5952026-03-31
SIMT Core Fixed Income Fund2025-08-28Search FIGILookup LEIA-5$1,523,8632025-09-30
SPDR DoubleLine Total Return Tactical ETF2025-08-28Search FIGILookup LEIX-A$1,334,3662025-06-30
Fidelity Total Bond Fund2025-07-24Search FIGILookup LEIC$1,166,5362025-08-31
Nuveen Bond Index Fund2025-08-28Search FIGILookup LEIA-4$1,033,3302026-03-31
Fidelity Total Bond ETF2025-07-24Search FIGILookup LEIC, D$1,005,7652025-08-31
Putnam Morgtage Securities Fund2025-08-26Search FIGILookup LEIX-A$794,9452025-09-30
Simplify Opportunistic Income ETF2025-08-26Search FIGILookup LEIE$723,3502025-06-30
HARTFORD TOTAL RETURN BOND HLS FUND2025-08-25Search FIGILookup LEIX-A$564,6612025-12-31
MetLife Core Plus Bond Fund2025-09-29Search FIGILookup LEIA-5$204,2612025-10-31
Putnam Master Intermediate Income Trust2025-08-26Search FIGILookup LEIX-A$181,8122025-09-30
SPDR Portfolio Aggregate Bond ETF2025-08-28Search FIGILookup LEIA-5$175,1562025-06-30
Brighthouse/Wellington Balanced Portfolio2025-08-27Search FIGILookup LEIX-A$152,7962025-12-31
GuideMark Core Fixed Income Fund2025-08-28Search FIGILookup LEIX-A$85,4872026-03-31
Opportunistic Fixed Income Fund2025-07-29Search FIGILookup LEIC$49,3932025-08-31
Fund NameTranchesIds
American Funds Multi-Sector Income Fund
$13,905,519
2025-12-31
CSearch FIGI
Lookup LEI
Allspring Core Bond Portfolio
$3,591,984
2025-04-30
A-5Search FIGI
Lookup LEI
Fidelity Real Estate High Income Fund
$3,290,764
2025-11-30
D, CSearch FIGI
Lookup LEI
American Funds Strategic Bond Fund
$2,431,866
2025-12-31
CSearch FIGI
Lookup LEI
DoubleLine Flexible Income Fund
$2,345,882
2026-03-31
X-DSearch FIGI
Lookup LEI
Catholic Responsible Investments Bond Fund
$2,215,929
2025-10-31
DSearch FIGI
Lookup LEI
Mercer Core Fixed Income Fund
$2,160,052
2026-03-31
A-5Search FIGI
Lookup LEI
Schwab U.S. Aggregate Bond ETF
$2,115,129
2025-12-31
A-4, A-5Search FIGI
Lookup LEI
Schwab U.S. Aggregate Bond Index Fund
$2,050,670
2025-08-31
A-4, A-5Search FIGI
Lookup LEI
VOYA SECURITIZED CREDIT FUND
$1,721,595
2026-03-31
X-ASearch FIGI
Lookup LEI
SIMT Core Fixed Income Fund
$1,523,863
2025-09-30
A-5Search FIGI
Lookup LEI
SPDR DoubleLine Total Return Tactical ETF
$1,334,366
2025-06-30
X-ASearch FIGI
Lookup LEI
Fidelity Total Bond Fund
$1,166,536
2025-08-31
CSearch FIGI
Lookup LEI
Nuveen Bond Index Fund
$1,033,330
2026-03-31
A-4Search FIGI
Lookup LEI
Fidelity Total Bond ETF
$1,005,765
2025-08-31
C, DSearch FIGI
Lookup LEI
Putnam Morgtage Securities Fund
$794,945
2025-09-30
X-ASearch FIGI
Lookup LEI
Simplify Opportunistic Income ETF
$723,350
2025-06-30
ESearch FIGI
Lookup LEI
HARTFORD TOTAL RETURN BOND HLS FUND
$564,661
2025-12-31
X-ASearch FIGI
Lookup LEI
MetLife Core Plus Bond Fund
$204,261
2025-10-31
A-5Search FIGI
Lookup LEI
Putnam Master Intermediate Income Trust
$181,812
2025-09-30
X-ASearch FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$175,156
2025-06-30
A-5Search FIGI
Lookup LEI
Brighthouse/Wellington Balanced Portfolio
$152,796
2025-12-31
X-ASearch FIGI
Lookup LEI
GuideMark Core Fixed Income Fund
$85,487
2026-03-31
X-ASearch FIGI
Lookup LEI
Opportunistic Fixed Income Fund
$49,393
2025-08-31
CSearch FIGI
Lookup LEI
24 of 24 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? Verify your fund to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2025-09-30
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
Final Termsheet
Document filing with updated information.
View on SEC →
2025-01-17
Annex A
Document filing with updated information.
View on SEC →

Context & Commentary#

Entity Statements

No statements from entities yet. Verify your entity to add official context.

External Analysis

No external analysis linked yet. Become a Verified Contributor to publish and link your research.
All items include provenance (author, timestamp, source). See Create-Data for how verified notes become training-ready artifacts.Have a source-backed clarification? Add verified context.
Have a source-backed note on this deal? Add verified context and help the market ground analysis in citations.

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": "Trustee",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Special Servicer",
    "name": "Argentic Services Company LP"
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Depositor",
    "name": "Barclays Commercial Mortgage Securities"
  },
  {
    "role": "Operating Advisor",
    "name": "Park Bridge Lender Services"
  }
]
}


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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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