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Sent: Friday, November 08, 2013 12:55 PM
Subject: GSMS 2013-GCJ16 -- IO (X-A/X-B) Price Guidance (Public)(external)
GSMS 2013-GCJ16 -- IO (X-A/X-B) Price Guidance (Public)(external)
Co-Lead Managers and Joint Bookrunners: Goldman, Sachs & Co., Citigroup Global Markets Inc. and Jefferies LLC
Co-Managers: Drexel Hamilton, LLC and RBS Securities Inc.
| Class | Moody's/DBRS/KBRA | Size($mm) | WAL(yr) | C/E | Guidance |
| X-A | Aaa(sf)/AAA(sf)/AAA(sf) | 885.983 | N/A | N/A | T + 175-200 |
| X-B* | A2(sf)/AAA(sf)/AAA(sf) | 72.296 | N/A | N/A | T + 175a |
*The notional amount of the Class X-B certificates will be equal to the aggregate certificate principal amounts of the Class B trust component. The pass-through rate of the Class X-B certificates will generally be a per annum rate equal to the excess, if any, of (i) the weighted average of the net interest rates on the mortgage loans (in each case adjusted, if necessary, to accrue on the basis of a 360-day year consisting of twelve 30-day months), over (ii) the weighted average pass-through rates of the Class B trust component.
Collateral Summary
Initial Pool Balance: $1,134.059mm
Number of Mortgage Loans: 78
Number of Mortgaged Properties: 134
Average Cut-off Date Mortgage Loan Balance: $14.539mm
Weighted Average Mortgage Interest Rate: 5.3756%
Weighted Average Remaining Term to Maturity/ARD (months): 106
Weighted Average Remaining Amortization Term (months): 354
Weighted Average Cut-off Date LTV Ratio: 67.2%
Weighted Average Maturity Date/ARD LTV Ratio: 59.0%
Weighted Average Underwritten Debt Service Coverage Ratio: 1.51x
Weighted Average Debt Yield on Underwritten NOI: 10.9%
% of Mortgage Loans with Additional Debt: 20.1%
% of Mortgaged Properties with Single Tenants: 4.9%
Property Type: 37.9% Retail, 20.6% Multifamily, 14.5% Hospitality
10.1% Office, 7.2% Manufactured Housing, 3.4% Mixed Use
2.8% Industrial, 2.4% Self Storage, 1.1% Land
Top 5 States: 12.0% NV, 11.5% CA, 9.6% TX, 7.6% NY, 7.6% MI
Anticipated Timing
Anticipated Pricing: Tue, Nov 12th
Anticipated Closing: Wed, Nov 20th
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-191331) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526 or by email to prospectus-ny@gs.com .
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