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SEC Comment Letter 0000000000-24-014230 to Banc of America Merrill Lynch Commercial Mortgage Inc. (CIK 0001005007)

Banc of America Merrill Lynch Commercial Mortgage Inc. (CIK 0001005007)
Date: Dec. 23, 2024 · CIK: 0001005007 · Accession: 0000000000-24-014230

AI Filing Summary & Sentiment

File numbers found in text: 333-283510

Date
December 23, 2024
Author
Not clearly detected
Form
UPLOAD
Company
Banc of America Merrill Lynch Commercial Mortgage Inc. (CIK 0001005007)

Letter

December 23, 2024 Leland F. Bunch, III Chief Executive Officer, President and Director Banc of America Merrill Lynch Commercial Mortgage Inc. One Bryant Park NewYork, NewYork 10036 Re:Banc of America Merrill Lynch Commercial Mortgage Inc. Registration Statement on Form SF-3 Filed November 27, 2024 File No. 333-283510 Dear Leland F. Bunch III: We have reviewed your registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Registration Statement on Form SF-3 General 1.Please confirm that the depositor and any issuing entities previously established, directly or indirectly by the depositor or any affiliate of the depositor have been current and timely with Exchange Act reporting during the last twelve months with respect to asset-backed securities involving the same asset class. Please refer to General Instruction I.A.2. of Form SF-3. Form of Prospectus Risk Factors Cyberattacks or Other Security Breaches Could Have a Material Adverse Effect..., page 53 We note your disclosure sets forth an example that, “hackers recently engaged in attacks against organizations that are designed to disrupt key business services. There can be no assurances that the sponsors, the master servicer, the special servicer, the 2.

December 23, 2024 Page 2 borrowers, or the other transaction parties will not suffer any such losses in the future.” Please revise to explain the relevancy of these attacks or provide further detail. Limitation on Rights of Certificateholders to Institute a Proceeding, page 371 3.We note your disclosure about the limitation on rights of certificateholders to institute a proceeding, including the numerous conditions required, such as offering to indemnify the trustee. However, please clarify if certificateholders have the same limitations if they were to institute proceedings against the trustee for not meeting its responsibilities set forth in the PSA. Pending Legal Proceedings Involving Transaction Parties, page 392 4.We note that you have disclosed that “sponsors have been involved in, and are currently involved in, certain litigation or potential litigation, including actions related to repurchase claims.” Please revise to provide further detail and confirm that the disclosure will be updated to reflect current status at the time of an offering. Part II - Information Not Required in Prospectus Item 14. Exhibits, page II-2 5.Please file your remaining exhibits with your next amendment. Refer to Item 1100(f) of Regulation AB and Instruction 1 to Item 601 of Regulation S-K. Note that we may have additional comments on your registration statement following our review of any such exhibits. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Komul Chaudhry at 202-551-4746 or Arthur Sandel at 202-551-3262 with any questions. Sincerely, Division of Corporation Finance Office of Structured Finance

Show Raw Text
December 23, 2024
Leland F. Bunch, III
Chief Executive Officer, President and Director
Banc of America Merrill Lynch Commercial Mortgage Inc.
One Bryant Park
NewYork, NewYork 10036
Re:Banc of America Merrill Lynch Commercial Mortgage Inc.
Registration Statement on Form SF-3
Filed November 27, 2024
File No. 333-283510
Dear Leland F. Bunch III:
            We have reviewed your registration statement and have the following comments.
            Please respond to this letter by amending your registration statement and providing
the requested information. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information
you provide in response to this letter, we may have additional comments.
Registration Statement on Form SF-3
General
1.Please confirm that the depositor and any issuing entities previously established,
directly or indirectly by the depositor or any affiliate of the depositor have been
current and timely with Exchange Act reporting during the last twelve months with
respect to asset-backed securities involving the same asset class. Please refer to
General Instruction I.A.2. of Form SF-3.
Form of Prospectus
Risk Factors
Cyberattacks or Other Security Breaches Could Have a Material Adverse Effect..., page 53
We note your disclosure sets forth an example that, “hackers recently engaged in
attacks against organizations that are designed to disrupt key business services. There
can be no assurances that the sponsors, the master servicer, the special servicer, the 2.

December 23, 2024
Page 2
borrowers, or the other transaction parties will not suffer any such losses in the
future.” Please revise to explain the relevancy of these attacks or provide further
detail.
Limitation on Rights of Certificateholders to Institute a Proceeding, page 371
3.We note your disclosure about the limitation on rights of certificateholders to institute
a proceeding, including the numerous conditions required, such as offering to
indemnify the trustee. However, please clarify if certificateholders have the same
limitations if they were to institute proceedings against the trustee for not meeting its
responsibilities set forth in the PSA.
Pending Legal Proceedings Involving Transaction Parties, page 392
4.We note that you have disclosed that “sponsors have been involved in, and are
currently involved in, certain litigation or potential litigation, including actions related
to repurchase claims.” Please revise to provide further detail and confirm that the
disclosure will be updated to reflect current status at the time of an offering.
Part II - Information Not Required in Prospectus
Item 14. Exhibits, page II-2
5.Please file your remaining exhibits with your next amendment. Refer to Item 1100(f)
of Regulation AB and Instruction 1 to Item 601 of Regulation S-K. Note that we may
have additional comments on your registration statement following our review of any
such exhibits.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            Please contact Komul Chaudhry at 202-551-4746 or Arthur Sandel at 202-551-3262
with any questions.
Sincerely,
Division of Corporation Finance
Office of Structured Finance