Morgan Stanley Bank of America Merrill Lynch Trust 2026‑C36 Issues CMBS Certificates

What Happened

• The registrant (Banc of America Merrill Lynch Commercial Mortgage Inc.) caused the issuance on August 26, 2026 of Morgan Stanley Bank of America Merrill Lynch Trust 2026‑C36 commercial mortgage pass‑through certificates pursuant to a Pooling and Servicing Agreement effective August 1, 2026. The Certificates represent the entire beneficial ownership of the trust, whose primary assets are 31 fixed‑rate mortgage loans secured by first liens on 57 commercial and/or multifamily properties.
• Publicly offered classes were sold to underwriters (including BofA Securities, Morgan Stanley, Barclays, Citi, J.P. Morgan, Wells Fargo, Academy and Drexel) under an August 12, 2026 underwriting agreement; privately offered classes were sold to the same firms as initial purchasers in exempt transactions. Prospectus and prior filing details were previously provided.

Key Details

• Aggregate principal amount of Publicly Offered Certificates sold: $619,061,000.
• Net proceeds to the registrant from issuance of the Publicly Offered Certificates (after expenses of $8,070,470): approximately $662,800,903. Of the $8,070,470 estimated expenses, $4,388,015 went to/for the underwriters and $3,682,455 were other expenses.
• Issuing Entity assets purchased from multiple sellers, including Bank of America NA, Morgan Stanley Mortgage Capital Holdings LLC, Barclays Capital Real Estate Inc., Citi Real Estate Funding Inc., JPMorgan Chase Bank NA, Wells Fargo Bank NA, and Argentic Real Estate Finance 2 LLC.
• Credit risk retention: the retaining sponsor will retain Class F‑RR and Class G‑RR interests with a fair value of approximately $19,869,570 (~2.757% of aggregate ABS fair value of ~$720,719,782). If relying solely on an eligible horizontal residual interest to meet Regulation RR, the equivalent 5% amount would be approximately $36,035,989.

Why It Matters

• For investors, this filing confirms the closing and sale of a commercial mortgage‑backed securities (CMBS) deal backed by 31 loans on 57 properties, and discloses the size, net proceeds and costs of the public portion of the offering.
• The credit risk retention disclosure shows how much economic exposure the sponsor is retaining in the deal (about 2.76% by fair value for the stated HRR interest) and provides the regulatory comparison to a full 5% horizontal retention. This helps investors assess alignment of sponsor interests with certificateholders and regulatory compliance structure.