| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-207677-07 | ||
_____________________________________________
Sent: Monday, November 13, 2017 8:47 AM
Subject: GSMS 2017-GS8 -- Price Guidance (Public)(external)
GSMS 2017-GS8 -- Price Guidance (Public)(external)
$885.190mm Fixed Rate CMBS Offering
Lead Manager and Sole Bookrunner: Goldman Sachs & Co. LLC
Co-Managers: Academy Securities, Inc. and Drexel Hamilton, LLC
Target
Class Moody's/Fitch/KBRA Size($mm) WAL(yr) C/E Guidance $px
A-1 Aaa(sf)/AAAsf/AAA(sf) 14.278 3.10 30.000% S+20a 100-00
A-2 Aaa(sf)/AAAsf/AAA(sf) 72.424 4.86 30.000% S+50a 103-00
A-3 Aaa(sf)/AAAsf/AAA(sf) 270.000 9.52 30.000% **Not Available**
A-4 Aaa(sf)/AAAsf/AAA(sf) 311.927 9.83 30.000% S+76-77 103-00
A-AB Aaa(sf)/AAAsf/AAA(sf) 35.645 7.10 30.000% A4-16bps 103-00
A-BP NR/AAAsf/AAA(sf) 10.000 9.86 30.000% S+115a 100-00
A-S Aa2(sf)/AAAsf/AAA(sf) 70.152 9.94 23.125% S+105a 103-00
B NR/AA-sf/AA(sf) 44.642 9.94 18.750% S+130a 103-00
C NR/A-sf/A(sf) 56.122 9.94 13.250% S+170a 103-00
Collateral Summary
Initial Pool Balance: $1,020.392mm
Number of Mortgage Loans: 36
Number of Mortgaged Properties: 200
Average Cut-off Date Mortgage Loan Balance: $28.344mm
Weighted Average Mortgage Interest Rate: 4.35820%
Weighted Average Remaining Term to Maturity (mos): 114
Weighted Average Remaining Amortization Term (mos): 358
Weighted Average Cut-off Date LTV Ratio: 57.1%
Weighted Average Maturity Date LTV Ratio: 52.7%
Weighted Average Underwritten DSCR Ratio: 2.30x
Weighted Average Debt Yield on Underwritten NOI: 11.9%
% of Mortgage Loans with Mezzanine Debt: 17.4%
% of Mortgage Loans with Subordinate Debt: 19.0%
% of Mortgage Loans with Preferred Equity: 3.3%
% of Mortgaged Properties with Single Tenants: 21.2%
Property Type: 31.2% Office, 27.6% Retail, 22.0% Hospitality,
8.3% Mixed Use, 6.4% Self Storage, 2.8% Industrial,
1.6% Multifamily
Top 5 States: 36.10% CA, 20.73% NY, 6.46% TX, 5.32% PA, 3.47% MN
Anticipated Timing
Anticipated Pricing: Week of Nov 13th
Anticipated Closing: Nov 30, 2017
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.
