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Sent: Monday, May 11, 2015 10:41 AM
Subject: GSMS 2015-GC30 -- New Issue Announcement (external)
GSMS 2015-GC30 -- New Issue Announcement (external)
$1.155bn Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Goldman, Sachs & Co. and Citigroup Global Markets Inc.
Co-Managers: Cantor Fitzgerald & Co., Deutsche Bank Securities and Drexel Hamilton, LLC
| | | | | | | Cum NOI |
| Class | Moody's/KBRA/MSTR | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
| A-1 | Aaa(sf)/AAA(sf)/AAA | 52.911 | 2.78 | 30.000% | 44.5% | 17.3% |
| A-2 | Aaa(sf)/AAA(sf)/AAA | 138.851 | 4.87 | 30.000% | 44.5% | 17.3% |
| A-3 | Aaa(sf)/AAA(sf)/AAA | 240.000 | 9.76 | 30.000% | 44.5% | 17.3% |
| A-4 | Aaa(sf)/AAA(sf)/AAA | 353.977 | 9.88 | 30.000% | 44.5% | 17.3% |
| A-AB | Aaa(sf)/AAA(sf)/AAA | 81.051 | 7.22 | 30.000% | 44.5% | 17.3% |
| A-S | Aa2(sf)/AAA(sf)/AAA | 102.640 | 9.95 | 21.711% | 49.8% | 15.5% |
| B | NR/AA-(sf)/AA- | 73.071 | 9.95 | 15.810% | 53.5% | 14.4% |
| C | NR/A-(sf)/A- | 58.198 | 9.95 | 11.110% | 56.5% | 13.6% |
| D | NR/BBB-(sf)/BBB- | 53.989 | 9.95 | 6.750% | 59.3% | 13.0% |
| | | | | | | |
| X-A | Aa1(sf)/AAA(sf)/AAA | 969.430 | N/A | N/A | N/A | N/A |
| X-B | NR/AAA(sf)/AAA | 73.071 | N/A | N/A | N/A | N/A |
| Collateral Summary | |
| Initial Pool Balance: | $1.238bn |
| Number of Mortgage Loans: | 89 |
| Number of Mortgaged Properties: | 178 |
| Average Cut-off Date Mortgage Loan Balance: | 13.913mm |
| Weighted Average Mortgage Interest Rate: | 4.0755% |
| Weighted Average Remaining Term to Maturity/ARD (months): | 113 |
| Weighted Average Remaining Amortization Term (months): | 356 |
| Weighted Average Cut-off Date LTV Ratio: | 63.6% |
| Weighted Average Maturity Date/ARD LTV Ratio: | 54.4% |
| Weighted Average Underwritten Debt Service Coverage Ratio: | 2.19x |
| Weighted Average Debt Yield on Underwritten NOI: | 12.1% |
| % of Mortgage Loans with Subordinate Debt: | 6.8% |
| % of Mortgage Loans with Preferred Equity: | 0.9% |
| % of Mortgaged Properties with Single Tenants: | 3.9% |
| Property Type: | 20.7% Multifamily, 20.5% Hospitality, 20.4% Retail, |
| | 16.6% Office, 16.1% Mixed Use, 3.6% Self Storage, |
| | 1.1% Manufactured Housing |
Top 5 States: 22.1% TX, 13.1% CA, 10.1% WA, 8.5% OH, 5.7% NY
| Anticipated Timing | |
| Global Investor Call: | Mon, May 11th |
| Roadshow: | Tue, May 12th |
| Anticipated Pricing: | Late Week of May 11th |
| Anticipated Closing: | Fri, May 29th |
| | |
Global Investor Call Details | |
| Date: | Mon, May 11th |
| Time: | 3:00 PM ET |
| Dial-In: | 888-437-9362 |
| Passcode: | 7790995 |
Roadshow Schedule
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel – South Atlantic Room
-70 Rowes Wharf, Boston, MA
-8:30AM ET
Hartford, CT - Lunch Meeting
-Max Downtown – Private Dining Room
-185 Asylum St, Hartford, CT
-12:30PM ET
Minneapolis, MN - Breakfast Meeting
-The Marquette Hotel – Red River Room
-710 Marquette Ave, Minneapolis, MN
-8:00AM CT
Term Sheet
Annex A
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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