| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-191331-11 | ||
_____________________________________________
Sent: Monday, November 09, 2015 11:03 AM
Subject: GSMS 2015-GS1 -- New Issue Announcement (Public)(external)
GSMS 2015-GS1 -- New Issue Announcement (Public)(external)
$758.032mm Fixed Rate CMBS Offering
Lead Manager and Sole Bookrunner: Goldman, Sachs & Co.
Co-Managers: Cantor Fitzgerald & Co. and Drexel Hamilton, LLC
| U/W NOI | ||||||
| Class | Moody's/Fitch/KBRA | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
| A-1 | Aaa(sf)/AAAsf/AAA(sf) | 29.163 | 2.86 | 30.000% | 37.3% | 15.7% |
| A-2 | Aaa(sf)/AAAsf/AAA(sf) | 200.000 | 9.82 | 30.000% | 37.3% | 15.7% |
| A-3 | Aaa(sf)/AAAsf/AAA(sf) | 297.565 | 9.91 | 30.000% | 37.3% | 15.7% |
| A-AB | Aaa(sf)/AAAsf/AAA(sf) | 47.694 | 7.44 | 30.000% | 37.3% | 15.7% |
| A-S | Aa2(sf)/AAAsf/AAA(sf) | 51.288 | 9.94 | 23.750% | 40.6% | 14.5% |
| B | A1(sf)/AA-sf/AA-(sf) | 43.082 | 9.94 | 18.500% | 43.4% | 13.5% |
| C | NR/A-sf/A-(sf) | 47.184 | 9.94 | 12.750% | 46.5% | 12.6% |
| D | NR/BBB-sf/BBB-(sf) | 42.056 | 9.94 | 7.625% | 49.2% | 11.9% |
| X-A | Aa1(sf)/AAAsf/AAA(sf) | 625.710 | N/A | N/A | N/A | N/A |
| X-B | NR/AA-sf/AAA(sf) | 43.082 | N/A | N/A | N/A | N/A |
Collateral Summary
Initial Pool Balance: $820.604
Number of Mortgage Loans: 39
Number of Mortgaged Properties: 69
Average Cut-off Date Mortgage Loan Balance: $21.041
Weighted Average Mortgage Interest Rate: 4.4410%
Weighted Average Remaining Term to Maturity (months): 119
Weighted Average Remaining Amortization Term (months): 358
Weighted Average Cut-off Date LTV Ratio: 59.1%
Weighted Average Maturity Date LTV Ratio: 51.8%
Weighted Average Underwritten Debt Service Coverage Ratio: 1.99x
Weighted Average Debt Yield on Underwritten NOI: 11.0%
% of Mortgage Loans w/ Subordinate Debt: 12.2%
% of Mortgaged Properties w/ Single Tenants: 12.3%
Property Type: 37.2% Retail, 31.8% Office, 19.2% Hospitality, 8.2% Multifamily,
2.9% Self Storage, 0.5% Manufactured Housing, 0.2% Industrial
Top 5 States: 16.8% CA, 14.1% NY, 12.5% TX, 9.1% MA, 8.8% IN
Anticipated Timing
Global Investor Call: Mon, Nov 9th
Anticipated Pricing: Late Week of Nov 9th
Anticipated Closing: Tues, Dec 1st
Investor Call Details
Date: Mon, Nov 9th
Time: 3:00 PM ET
US Toll Free: 913-312-1385
Passcode: 998664
Roadshow Schedule: Tues, Nov 10th
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel
-70 Rowes Wharf
-8:30AM ET
-Room Name: John Adams Salon
Hartford, CT - Lunch Meeting
-Max Downtown
-185 Asylum St
-12:30PM ET
Minneapolis, MN - Breakfast Meeting
-The Marquette Hotel
-710 Marquette Ave
-9:00AM CT
-Room Name: Lake Huron
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.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED (OTHER THAN ANY STATEMENT RELATING TO THE IDENTITY OF THE LEGAL ENTITY AUTHORIZING OR SENDING THIS COMMUNICATION IN A NON-US JURISDICTION). SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
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