| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-207677-05 | ||
Sent: Monday, May 15, 2017 8:56 AM
Subject: GSMS 2017-GS6 -- New Issue Announcement (Public)(external)
GSMS 2017-GS6 -- New Issue Announcement (Public)(external)
$826.272mm Fixed Rate CMBS Offering
Lead Manager and Sole Bookrunner: Goldman Sachs & Co. LLC
Co-Managers: Academy Securities, Inc. and Drexel Hamilton, LLC
| U/W NOI | ||||||
| Class | Moody's/Fitch/KBRA | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
| A-1 | Aaa(sf)/AAAsf/AAA(sf) | 15.431 | 3.00 | 30.000% | 40.0% | 17.0% |
| A-2 | Aaa(sf)/AAAsf/AAA(sf) | 250.000 | 9.57 | 30.000% | 40.0% | 17.0% |
| A-3 | Aaa(sf)/AAAsf/AAA(sf) | 359.651 | 9.83 | 30.000% | 40.0% | 17.0% |
| A-AB | Aaa(sf)/AAAsf/AAA(sf) | 29.390 | 7.18 | 30.000% | 40.0% | 17.0% |
| A-S | Aa2(sf)/AAAsf/AAA(sf) | 84.147 | 9.93 | 21.000% | 45.1% | 15.1% |
| B | NR/AA-sf/AA-(sf) | 45.579 | 9.94 | 16.125% | 47.9% | 14.2% |
| C | NR/A-sf/A-(sf) | 42.074 | 9.94 | 11.625% | 50.5% | 13.5% |
Collateral Summary
| Initial Pool Balance: | $959.131mm |
| Number of Mortgage Loans: | 33 |
| Number of Mortgaged Properties: | 73 |
| Average Cut-off Date Mortgage Loan Balance: | $29.065mm |
| Weighted Average Mortgage Interest Rate: | 4.4013% |
| Weighted Average Remaining Term to Maturity (mos): | 118 |
| Weighted Average Remaining Amortization Term (mos): | 360 |
| Weighted Average Cut-off Date LTV Ratio: | 57.1% |
| Weighted Average Maturity Date LTV Ratio: | 52.7% |
| Weighted Average Underwritten DSCR Ratio: | 2.38x |
| Weighted Average Debt Yield on Underwritten NOI: | 11.9% |
| % of Mortgage Loans with Mezzanine Debt: | 9.96% |
| % of Mortgage Loans with Subordinate Debt: | 9.96% |
| % of Mortgage Loans with Preferred Equity: | 7.5% |
| % of Mortgaged Properties with Single Tenants: | 28.1% |
| Property Type: | 48.3% Office, 18.7% Mixed Use, 17.0% Retail, |
| 10.6% Industrial, 3.4% Hospitality, | |
| 1.2% Multifamily, 0.8% Self Storage | |
| Top 5 States: | 25.8% CA, 8.4% DC, 8.3% VA, 8.1% CO, 6.8% MD |
Anticipated Timing
| Global Investor Call: | Tuesday, May 16th |
| Anticipated Pricing: | Late Week of May 15th |
| Anticipated Closing: | Wednesday, May 31st |
Global Investor Call Details
| Date: | Tuesday, May 16th |
| Time: | 2:00PM ET |
| US/CAN Toll Free: | 888-263-2958 |
| Passcode: | 7011066 |
Roadshow Schedule
Tuesday, May 16th
Hartford, CT - Breakfast Meeting
- Max Downtown
- 185 Asylum St, Hartford, CT
- 8:30AM ET
Boston, MA – Lunch Meeting
- Boston Harbor Hotel
- 70 Rowes Wharf, Boston, MA
- 12:30PM ET
Wednesday, May 17th
Des Moines, IA - Breakfast Meeting
- Des Moines Marriott Hotel
- 700 Grand Ave, Des Moines, IA
- 7:30AM CT
Minneapolis, MN - Lunch Meeting
- The Marquette Hotel
- 710 Marquette Ave, Minneapolis, MN
- 1:00PM CT
Preliminary Offering Materials
Term Sheet
Annex A
Preliminary Prospectus
The issuer has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-207677) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, 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.
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