| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-191331-10 |
| | |
Sent: Monday, October 05, 2015 10:44 AM
Subject: GSMS 2015-GC34 -- New Issue Announcement (Public)(external)
GSMS 2015-GC34 -- New Issue Announcement (Public)(external)
777.332mm Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Goldman, Sachs & Co. and Citigroup Global Markets Inc.
Co-Managers: Cantor Fitzgerald & Co. and Drexel Hamilton, LLC
| | | | | | U/W NOI |
Class | Moody's/Fitch/KBRA | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
A-1 | Aaa(sf)/AAAsf/AAA(sf) | 30.283 | 2.90 | 30.000% | 41.9% | 14.2% |
A-2 | Aaa(sf)/AAAsf/AAA(sf) | 28.822 | 4.96 | 30.000% | 41.9% | 14.2% |
A-3 | Aaa(sf)/AAAsf/AAA(sf) | 185.000 | 9.81 | 30.000% | 41.9% | 14.2% |
A-4 | Aaa(sf)/AAAsf/AAA(sf) | 284.382 | 9.88 | 30.000% | 41.9% | 14.2% |
A-AB | Aaa(sf)/AAAsf/AAA(sf) | 65.382 | 7.42 | 30.000% | 41.9% | 14.2% |
A-S | Aa2(sf)/AAAsf/AAA(sf) | 40.298 | 9.93 | 25.250% | 44.7% | 13.3% |
B | NR/AA-sf/AA-(sf) | 48.782 | 9.96 | 19.500% | 48.2% | 12.4% |
C | NR/A-sf/A-(sf) | 42.419 | 9.96 | 14.500% | 51.2% | 11.6% |
D | NR/BBB-sf/BBB-(sf) | 51.964 | 9.96 | 8.375% | 54.8% | 10.9% |
| | | | | | |
X-A | Aa1(sf)/AAAsf/AAA(sf) | 634.167 | N/A | N/A | N/A | N/A |
X-B | NR/AA-sf/AAA(sf) | 48.782 | N/A | N/A | N/A | N/A |
Collateral Summary | |
Initial Pool Balance: | $848.385 |
Number of Mortgage Loans: | 57 |
Number of Mortgaged Properties: | 75 |
Average Cut-off Date Mortgage Loan Balance: | $14.884mm |
Weighted Average Mortgage Interest Rate: | 4.6761% |
Weighted Average Remaining Term to Maturity/ARD (months): | 117 |
Weighted Average Remaining Amortization Term (months): | 357 |
Weighted Average Cut-off Date LTV Ratio: | 64.2% |
Weighted Average Maturity Date/ARD LTV Ratio: | 54.6% |
Weighted Average Underwritten Debt Service Coverage Ratio: | 1.52x |
Weighted Average Debt Yield on Underwritten NOI: | 10.0% |
% of Mortgage Loans w/ Mezzanine Debt: | 1.4% |
% of Mortgage Loans w/ Preferred Equity/Return: | 10.3% |
% of Mortgaged Properties w/ Single Tenants: | 6.4% |
Property Type: | 24.5% Office, 23.3% Retail, 16.6% Mixed Use, 13.6 Hospitality, 12.0% Multifamily, 4.2% Manufactured Housing, 2.9% Industrial, 1.8% Self Storage, 1.2% Senior Housing |
Top 5 States: | 18.0% TX, 17.7% NY, 12.1% IL, 9.2% PA, 7.9% OH |
Anticipated Timing | |
Global Investor Call: | Mon, October 5th |
Anticipated Pricing: | Late Week of Oct 5th |
Anticipated Closing: | Fri, October 23rd |
Investor Call Details | |
Date: | Mon, October 5th |
Time: | 3:00 PM ET |
US Toll Free: | 913-312-1299 |
Passcode: | 908006 |
Roadshow Schedule: Tues, October 6th
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel (Wharf Room Foyer)
-70 Rowes Wharf, Boston, MA
-8:30 AM ET
Hartford, CT - Lunch Meeting
-Max Downtown (Blue Room)
-185 Asylum St, Hartford, CT
-12:30 PM ET
Minneapolis, MN - Breakfast Meeting
-The Marquette Hotel (Lake Huron Room)
-710 Marquette Ave, Minneapolis, MN
-8:00 AM CT
Term Sheet
Annex A
The information in this free writing prospectus is preliminary and may be supplemented or changed prior to the time of sale.
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-189017) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Goldman, Sachs & Co., any other underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.
________________________________
See the http://www.gs.com/disclaimer/afg/ for important information regarding this message and your reliance on information contained in it. This message may contain information that is confidential or privileged. If you are not the intended recipient, please advise the sender immediately and delete this message. See the http://www.gs.com/disclaimer/email/ for further information on confidentiality and the risks inherent in electronic communication.