| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-207677-06 | ||
Sent: Monday, August 14, 2017 1:25 PM
Subject: GSMS 2017-GS7 -– IO (X-A/X-B) New Issue Announcement (Public)(external)
GSMS 2017-GS7-– IO (X-A/X-B) New Issue Announcement (Public)(external)
Lead Manager and Sole Bookrunner: Goldman Sachs & Co. LLC
Co-Managers: Academy Securities, Inc. and Drexel Hamilton, LLC
| Class | Moody's/Fitch/KBRA | Size($mm) | Approx. Proceeds ($mm) |
| X-A | AAAsf/AAA(sf)/Aa1(sf) | 831.513 | ~72.1 |
| X-B | A-sf/AAA(sf)/NR | 98.700 | ~3.1 |
*Pricing to 100CPY
**X-B will be auctioned tomorrow (timing TBD)
Collateral Summary
| Initial Pool Balance: | $1,081.644mm |
| Number of Mortgage Loans: | 32 |
| Number of Mortgaged Properties: | 35 |
| Average Cut-off Date Mortgage Loan Balance: | $33.801mm |
| Weighted Average Mortgage Interest Rate: | 4.4444% |
| Weighted Average Remaining Term to Maturity (mos): | 115 |
| Weighted Average Remaining Amortization Term (mos): | 359 |
| Weighted Average Cut-off Date LTV Ratio: | 57.4% |
| Weighted Average Maturity Date LTV Ratio: | 53.3% |
| Weighted Average Underwritten DSCR Ratio: | 2.20x |
| Weighted Average Debt Yield on Underwritten NOI: | 11.3% |
| % of Mortgage Loans with Mezzanine Debt: | 30.9% |
| % of Mortgage Loans with Subordinate Debt: | 16.4% |
| % of Mortgage Loans with Preferred Equity: | 14.5% |
| % of Mortgaged Properties with Single Tenants: | 13.0% |
| Property Type: | 50.4% Office, 16.8% Retail, 14.4% Mixed Use, 11.5% Hospitality – Full Service, 6.8% Multifamily |
| Top 5 States: | 29.0% NY, 26.0% CA, 10.3% TX, 7.4% DC, 5.0% FL |
| Anticipated Timing | |
| Anticipated Pricing: | Tues, Aug 15th |
| Anticipated Closing: | Aug 24, 2017 |
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.
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.
