GS Mortgage Securities Corp Ii FWP Free writing prospectus

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226082-01

IMPORTANT NOTICE REGARDING THE CONDITIONS FOR THIS OFFERING OF ASSET-BACKED SECURITIES

The securities offered by these materials are being offered when, as and if issued. In particular, you are advised that the offered securities, and the asset pool backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated) at any time prior to issuance or availability of a final prospectus.

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-226082) 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 Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Academy Securities, Inc., Drexel Hamilton, LLC, 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 1-866-471-2526 or if you email a request to prospectus-ny@gs.com.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) the fact that there is no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

GSMS 2019-GC38 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Originator

Mortgage Loan Seller

Related Group

Crossed Group

Address

City

State

Zip Code

General
Property Type

Detailed
Property Type

Year Built

Loan

8, 9, 10, 11, 12, 13

365 Bond

GSBI

GSMC

NAP

365 Bond Street

Brooklyn

New York

11231

Multifamily

High-Rise

2016

Loan

14, 15, 16

Torrance Towne Center

GSMC

NAP

25343-25385 Crenshaw Boulevard and 2731-2795 Pacific Coast Highway

Torrance

California

90505

Retail

Anchored

1958, 1986, 2003

Loan

9, 17, 18, 19, 20

Pace Gallery HQ

CREFI

NAP

540 West 25th Street

New York

10001

Mixed Use

Office/Gallery

2018

Loan

Heitman Life Storage Portfolio

GSMC

NAP

4.01

Property

East Elliot Road

375 East Elliot Road

Gilbert

Arizona

85234

Self Storage

1995

4.02

Property

FM 1431

3997 FM 1431

Round Rock

Texas

78681

Self Storage

2006

4.03

Property

Rayford Road

3411 Rayford Road

Spring

Texas

77386

Self Storage

2007

4.04

Property

East Cornwallis Road

1200 East Cornwallis Road

Durham

North Carolina

27713

Self Storage

1992

4.05

Property

McNeil Drive

5547 McNeil Drive

Austin

Texas

78729

Self Storage

1994

4.06

Property

FM 2222

10307 FM 2222

Austin

Texas

78730

Self Storage

1996

4.07

Property

South Congress Avenue

1099 South Congress Avenue

Delray Beach

Florida

33445

Self Storage

1969

4.08

Property

Westheimer Road

12711 Westheimer Road

Houston

Texas

77077

Self Storage

1996

4.09

Property

Shell Road

4929 Shell Road

Virginia Beach

Virginia

23455

Self Storage

1991

4.10

Property

Southwest Military Drive

3343 Southwest Military Drive

San Antonio

Texas

78211

Self Storage

1980

4.11

Property

Old Denton Road

2300 Old Denton Road

Carrollton

Texas

75006

Self Storage

1996

4.12

Property

West Camelback Road

3641 West Camelback Road

Phoenix

Arizona

85019

Self Storage

1984

Loan

21, 22

Albertsons Industrial - IL

GSMC

Group 1

NAP

1955 West North Avenue

Melrose Park

Illinois

60160

Industrial

Warehouse/Distribution

1955

Loan

9, 23, 24, 25, 26, 27, 28, 29, 30, 31

Pier 70

GSMC

NAP

400-600 20th Street

San Francisco

California

94107

Mixed Use

Office/Industrial

1885-1941

Loan

Perimeter Square

GSMC

NAP

130 Perimeter Center West

Atlanta

Georgia

30346

Retail

Anchored

1994

Loan

8, 9, 32, 33, 34, 35

3 Park Avenue

CREFI

NAP

3 Park Avenue

New York

10016

Office

CBD

1977

Loan

Residence Inn Chula Vista

GSMC

NAP

2005 Centerpark Road

Chula Vista

California

91915

Hospitality

Extended Stay

2017

Loan

9, 37, 38

145 Clinton

GSMC

Group 2

NAP

145 Clinton Street

New York

10002

Retail

Anchored

2018

Loan

39, 40

Vee Pak Industrial Portfolio

CREFI

NAP

11.01

Property

6710 River Road

Hodgkins

Illinois

60525

Industrial

Warehouse

2006

11.02

Property

5300-5320 Dansher Road

Countryside

Illinois

60525

Industrial

Warehouse

1970

11.03

Property

5321-5331 Dansher Road

Countryside

Illinois

60525

Industrial

Manufacturing

1965

Loan

41, 42

Moxy Denver Cherry Creek

GSMC

NAP

240 Josephine Street

Denver

Colorado

80206

Hospitality

Select Service

2017

Loan

43, 44

North Miami Business Park

CREFI

NAP

1922 Northeast 149th Street

North Miami

Florida

33181

Mixed Use

Industrial/Office/Self Storage

1972-1978

Loan

Dublin Office Portfolio

GSMC

NAP

14.01

Property

Parkwood II

5900 Parkwood Place

Dublin

Ohio

43016

Office

General Suburban

1999

14.02

Property

Emerald III

6500 Emerald Parkway

Dublin

Ohio

43016

Office

General Suburban

1995

Loan

9, 46, 47

5444 & 5430 Westheimer

GSMC

NAP

5444 & 5430 Westheimer Road

Houston

Texas

77056

Office

General Suburban

1979, 1981

Loan

48, 49

PPC Flexible Packaging Portfolio

GSMC

NAP

16.01

Property

PPC Payson

213 Temkin Way

Payson

Utah

84651

Industrial

Manufacturing

1997, 2000

16.02

Property

PPC Rome

2 Superior Drive Southeast

Rome

Georgia

30161

Industrial

Manufacturing

1991

Loan

Life Time - Fort Worth

GSMC

NAP

10761 Founders Way

Fort Worth

Texas

76177

Retail

Single Tenant Retail

2017

Loan

Mercury Drive

GSMC

NAP

6000, 6100 & 6200 Mercury Drive

Dearborn

Michigan

48126

Office

Suburban Flex

1998

Loan

Albertsons Industrial - PA

GSMC

Group 1

NAP

500 South Muddy Creek Road

Denver

Pennsylvania

17517

Industrial

Warehouse/Distribution

1999

Loan

8, 9, 51, 52

Fairbridge Office Portfolio

CREFI

NAP

20.01

Property

Oak Brook Gateway

1111 West 22nd Street

Oak Brook

Illinois

60523

Office

General Suburban

1984

20.02

Property

Cornerstone I at Cantera

4320 Winfield Road

Warrenville

Illinois

60555

Office

General Suburban

1998

Loan

Jefferson Grove

GSBI

GSMC

NAP

1101 Pin Oak Lane

Blacklick

Ohio

43004

Multifamily

Garden

2018

Loan

WoodSpring Orlando Portfolio

GSMC

NAP

22.01

Property

WoodSpring Suites Clermont

16311 SR 50

Clermont

Florida

34711

Hospitality

Extended Stay

2007

22.02

Property

WoodSpring Suites Clarcona

4125 Clarcona Ocoee Road

Orlando

Florida

32810

Hospitality

Extended Stay

2007

Loan

Bennington Square Apartments

GSBI

GSMC

NAP

6300 West Bellfort Avenue

Houston

Texas

77035

Multifamily

Garden

1977

Loan

Mission Point Office

GSMC

NAP

2601 Mission Point Boulevard

Beavercreek

Ohio

45431

Office

General Suburban

2008

Loan

Franklin Commons

GSMC

NAP

1010-1080 North Morton Street

Franklin

Indiana

46131

Retail

Shadow Anchored

2017

Loan

1933 North Meacham

GSMC

NAP

1933 North Meacham Road

Schaumburg

Illinois

60173

Office

General Suburban

1985

Loan

Craig Promenade

GSMC

NAP

655-775 West Craig Road

North Las Vegas

Nevada

89032

Retail

Anchored

2005

Loan

Essex Crossing Site 6

GSMC

Group 2

NAP

175 Delancey Street

New York

10002

Office

CBD

2017

Loan

Church Ranch II

GSMC

NAP

10249 Church Ranch Way

Westminster

Colorado

80021

Office

General Suburban

2000

Loan

All Storage Fort Worth

GSMC

Group 3

NAP

201 South Jim Wright Freeway

White Settlement

Texas

76108

Self Storage

2002

Loan

All Storage Mayfield

GSMC

Group 3

NAP

3000 South Watson Road

Arlington

Texas

76014

Self Storage

2016

Loan

New Albany Market

GSMC

NAP

5477-5535 New Albany Road West

New Albany

Ohio

43054

Retail

Shadow Anchored

2007

Loan

Airport Plaza

GSMC

NAP

2800 Gillespie Street

Fayetteville

North Carolina

28306

Retail

Shadow Anchored

2016

Loan

All Storage McCart

GSMC

Group 3

NAP

3500 McCart Avenue

Fort Worth

Texas

76110

Self Storage

1924

Loan

Weis Plaza

GSMC

NAP

15260 Kutztown Road

Kutztown

Pennsylvania

19530

Retail

Anchored

1972

Loan

Storage Sense Colorado Springs

CREFI

NAP

2702 East Yampa Street and 1012 Hathaway Drive

Colorado Springs

Colorado

80909

Self Storage

1996

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Year Renovated	Units, Rooms, Sq Ft	Unit Description	Loan Per Unit ($)	Ownership Interest	Original Balance ($)	Cut-off Date Balance ($)	Allocated Cut-off Date Loan Amount ($)	% of Initial Pool Balance	Balloon Balance ($)	Mortgage Loan Rate (%)	Administrative Cost Rate (%) (1)	Net Mortgage Loan Rate (%)
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	NAP	430	Units	255,813.95	Fee Simple	65,000,000	65,000,000	65,000,000	8.6%	65,000,000	4.02277182%	0.01701%	4.00576182%
2	Loan	14, 15, 16	Torrance Towne Center	NAP	265,538	SF	195.83	Leasehold	52,000,000	52,000,000	52,000,000	6.9%	52,000,000	4.77800%	0.04451%	4.73349%
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	NAP	74,563	SF	1,207.03	Fee Simple	50,000,000	50,000,000	50,000,000	6.6%	50,000,000	5.15000%	0.01701%	5.13299%
4	Loan		Heitman Life Storage Portfolio		772,483	SF	58.71		45,350,000	45,350,000	45,350,000	6.0%	45,350,000	4.40800%	0.01701%	4.39099%
4.01	Property		East Elliot Road	2006	71,823	SF		Fee Simple			5,220,000
4.02	Property		FM 1431	NAP	99,292	SF		Fee Simple			4,942,000
4.03	Property		Rayford Road	NAP	65,540	SF		Fee Simple			4,893,000
4.04	Property		East Cornwallis Road	NAP	78,185	SF		Fee Simple			4,790,000
4.05	Property		McNeil Drive	NAP	93,212	SF		Fee Simple			4,557,000
4.06	Property		FM 2222	NAP	58,953	SF		Fee Simple			3,653,000
4.07	Property		South Congress Avenue	1978	51,637	SF		Fee Simple			3,553,000
4.08	Property		Westheimer Road	NAP	57,531	SF		Fee Simple			2,930,000
4.09	Property		Shell Road	1998	52,722	SF		Fee Simple			2,901,000
4.10	Property		Southwest Military Drive	NAP	48,657	SF		Fee Simple			2,883,000
4.11	Property		Old Denton Road	NAP	51,431	SF		Fee Simple			2,616,000
4.12	Property		West Camelback Road	NAP	43,500	SF		Fee Simple			2,412,000
5	Loan	21, 22	Albertsons Industrial - IL	2000	1,561,613	SF	26.51	Fee Simple	41,400,000	41,400,000	41,400,000	5.5%	41,400,000	3.86000%	0.01701%	3.84299%
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	2019	322,814	SF	356.24	Leasehold	35,000,000	35,000,000	35,000,000	4.6%	35,000,000	4.87800%	0.02701%	4.85099%
7	Loan		Perimeter Square	NAP	186,059	SF	188.11	Fee Simple	35,000,000	35,000,000	35,000,000	4.6%	35,000,000	5.54550%	0.01701%	5.52849%
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	2001	667,446	SF	272.68	Fee Simple	34,000,000	34,000,000	34,000,000	4.5%	34,000,000	4.75000%	0.01576%	4.73424%
9	Loan	36	Residence Inn Chula Vista	NAP	148	Rooms	195,562.11	Fee Simple	29,000,000	28,943,192	28,943,192	3.8%	24,113,753	5.35000%	0.01701%	5.33299%
10	Loan	9, 37, 38	145 Clinton	NAP	67,217	SF	1,014.62	Fee Simple	28,200,000	28,200,000	28,200,000	3.7%	28,200,000	4.96500%	0.01701%	4.94799%
11	Loan	39, 40	Vee Pak Industrial Portfolio		546,591	SF	49.11		26,845,000	26,845,000	26,845,000	3.5%	26,845,000	4.89000%	0.01701%	4.87299%
11.01	Property		6710 River Road	NAP	300,000	SF		Fee Simple			16,000,000
11.02	Property		5300-5320 Dansher Road	2018	161,591	SF		Fee Simple			6,400,000
11.03	Property		5321-5331 Dansher Road	2013	85,000	SF		Fee Simple			4,445,000
12	Loan	41, 42	Moxy Denver Cherry Creek	NAP	170	Rooms	147,058.82	Leasehold	25,000,000	25,000,000	25,000,000	3.3%	25,000,000	5.06000%	0.01701%	5.04299%
13	Loan	43, 44	North Miami Business Park	NAP	214,568	SF	102.53	Fee Simple	22,000,000	22,000,000	22,000,000	2.9%	22,000,000	4.97000%	0.01701%	4.95299%
14	Loan		Dublin Office Portfolio		293,180	SF	74.88		22,000,000	21,953,985	21,953,985	2.9%	18,134,178	5.07700%	0.01701%	5.05999%
14.01	Property		Parkwood II	NAP	164,900	SF		Fee Simple
14.02	Property	45	Emerald III	NAP	128,280	SF		Fee Simple
15	Loan	9, 46, 47	5444 & 5430 Westheimer	2013	404,762	SF	126.00	Fee Simple	21,000,000	21,000,000	21,000,000	2.8%	21,000,000	4.72000%	0.02701%	4.69299%
16	Loan	48, 49	PPC Flexible Packaging Portfolio		474,299	SF	40.69		19,300,000	19,300,000	19,300,000	2.6%	17,774,392	4.90000%	0.01701%	4.88299%
16.01	Property		PPC Payson	NAP	379,627	SF		Fee Simple			16,496,284
16.02	Property		PPC Rome	NAP	94,672	SF		Fee Simple			2,803,716
17	Loan		Life Time - Fort Worth	NAP	123,359	SF	155.64	Fee Simple	19,200,000	19,200,000	19,200,000	2.5%	19,200,000	4.92150%	0.01701%	4.90449%
18	Loan	50	Mercury Drive	2017	193,463	SF	98.11	Fee Simple	19,000,000	18,980,140	18,980,140	2.5%	15,656,512	5.07000%	0.01701%	5.05299%
19	Loan	9	Albertsons Industrial - PA	2018	1,539,407	SF	49.85	Fee Simple	15,000,000	15,000,000	15,000,000	2.0%	15,000,000	5.04000%	0.01701%	5.02299%
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio		385,525	SF	123.86		15,000,000	15,000,000	15,000,000	2.0%	12,925,446	4.84000%	0.01576%	4.82424%
20.01	Property		Oak Brook Gateway	NAP	233,050	SF		Fee Simple			10,130,890
20.02	Property		Cornerstone I at Cantera	NAP	152,475	SF		Fee Simple			4,869,110
21	Loan		Jefferson Grove	NAP	116	Units	125,000.00	Fee Simple	14,500,000	14,500,000	14,500,000	1.9%	13,363,627	4.95000%	0.01701%	4.93299%
22	Loan	53	WoodSpring Orlando Portfolio		226	Rooms	57,309.42		13,000,000	12,951,929	12,951,929	1.7%	12,124,894	5.78100%	0.01701%	5.76399%
22.01	Property		WoodSpring Suites Clermont	2017	121	Rooms		Fee Simple			7,173,376
22.02	Property		WoodSpring Suites Clarcona	2017	105	Rooms		Fee Simple			5,778,553
23	Loan		Bennington Square Apartments	2012-2014	313	Units	39,616.61	Fee Simple	12,400,000	12,400,000	12,400,000	1.6%	11,454,098	5.10000%	0.05701%	5.04299%
24	Loan	54	Mission Point Office	NAP	91,232	SF	122.94	Fee Simple	11,250,000	11,215,872	11,215,872	1.5%	9,380,262	5.44000%	0.06451%	5.37549%
25	Loan		Franklin Commons	NAP	85,980	SF	116.89	Fee Simple	10,050,000	10,050,000	10,050,000	1.3%	9,298,385	5.20450%	0.01701%	5.18749%
26	Loan	55	1933 North Meacham	2016, 2018	142,164	SF	68.23	Fee Simple	9,700,000	9,700,000	9,700,000	1.3%	8,946,053	4.99400%	0.01701%	4.97699%
27	Loan		Craig Promenade	NAP	81,057	SF	119.24	Fee Simple	9,675,000	9,665,430	9,665,430	1.3%	8,031,439	5.30000%	0.01701%	5.28299%
28	Loan	56	Essex Crossing Site 6	NAP	28,630	SF	305.62	Fee Simple	8,750,000	8,750,000	8,750,000	1.2%	8,750,000	5.50000%	0.01701%	5.48299%
29	Loan		Church Ranch II	2017	63,057	SF	128.60	Fee Simple	8,125,000	8,109,316	8,109,316	1.1%	6,768,762	5.41000%	0.01701%	5.39299%
30	Loan		All Storage Fort Worth	2015	141,405	SF	53.04	Fee Simple	7,500,000	7,500,000	7,500,000	1.0%	7,500,000	4.71700%	0.01701%	4.69999%
31	Loan		All Storage Mayfield	NAP	138,970	SF	50.37	Fee Simple	7,000,000	7,000,000	7,000,000	0.9%	7,000,000	4.71700%	0.01701%	4.69999%
32	Loan		New Albany Market	NAP	34,708	SF	183.59	Fee Simple	6,372,000	6,372,000	6,372,000	0.8%	5,555,634	5.30800%	0.05701%	5.25099%
33	Loan		Airport Plaza	NAP	41,000	SF	147.26	Fee Simple	6,037,500	6,037,500	6,037,500	0.8%	5,233,026	5.07000%	0.02701%	5.04299%
34	Loan		All Storage McCart	2014	154,514	SF	35.60	Fee Simple	5,500,000	5,500,000	5,500,000	0.7%	5,500,000	4.83700%	0.01701%	4.81999%
35	Loan		Weis Plaza	2006	115,340	SF	47.69	Fee Simple	5,500,000	5,500,000	5,500,000	0.7%	4,585,395	5.44000%	0.01701%	5.42299%
36	Loan		Storage Sense Colorado Springs	NAP	32,945	SF	61.31	Fee Simple	2,020,000	2,020,000	2,020,000	0.3%	1,805,203	5.45000%	0.01701%	5.43299%

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Monthly Debt Service ($) (2)	Annual Debt Service ($)	Pari Passu Companion Loan Monthly Debt Service ($)	Pari Passu Companion Loan Annual Debt Service ($)	Amortization Type	Interest Accrual Method	Seasoning	Original Interest-Only Period (Mos.)	Remaining Interest-Only Period (Mos.)	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)	Remaining Amortization Term (Mos.)
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	220,926.53	2,651,118.36	152,949.14	1,835,389.68	Interest Only	Actual/360	2	60	58	60	58	0	0
2	Loan	14, 15, 16	Torrance Towne Center	209,922.31	2,519,067.72			Interest Only	Actual/360	2	120	118	120	118	0	0
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	217,563.66	2,610,763.92	174,050.92	2,088,611.04	Interest Only	Actual/360	0	120	120	120	120	0	0
4	Loan		Heitman Life Storage Portfolio	168,899.36	2,026,792.32			Interest Only	Actual/360	1	120	119	120	119	0	0
4.01	Property		East Elliot Road
4.02	Property		FM 1431
4.03	Property		Rayford Road
4.04	Property		East Cornwallis Road
4.05	Property		McNeil Drive
4.06	Property		FM 2222
4.07	Property		South Congress Avenue
4.08	Property		Westheimer Road
4.09	Property		Shell Road
4.10	Property		Southwest Military Drive
4.11	Property		Old Denton Road
4.12	Property		West Camelback Road
5	Loan	21, 22	Albertsons Industrial - IL	135,019.58	1,620,234.96			Interest Only - ARD	Actual/360	1	120	119	120	119	0	0
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	144,251.04	1,731,012.48	329,716.67	3,956,600.04	Interest Only	Actual/360	4	120	116	120	116	0	0
7	Loan		Perimeter Square	163,990.19	1,967,882.28			Interest Only	Actual/360	3	120	117	120	117	0	0
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	136,452.55	1,637,430.60	593,969.90	7,127,638.80	Interest Only	Actual/360	2	120	118	120	118	0	0
9	Loan	36	Residence Inn Chula Vista	161,939.97	1,943,279.64			Amortizing	Actual/360	2	0	0	120	118	360	358
10	Loan	9, 37, 38	145 Clinton	118,298.02	1,419,576.24	167,798.61	2,013,583.32	Interest Only	Actual/360	2	120	118	120	118	0	0
11	Loan	39, 40	Vee Pak Industrial Portfolio	110,912.73	1,330,952.76			Interest Only	Actual/360	0	120	120	120	120	0	0
11.01	Property		6710 River Road
11.02	Property		5300-5320 Dansher Road
11.03	Property		5321-5331 Dansher Road
12	Loan	41, 42	Moxy Denver Cherry Creek	106,880.79	1,282,569.48			Interest Only	Actual/360	1	120	119	120	119	0	0
13	Loan	43, 44	North Miami Business Park	92,382.18	1,108,586.16			Interest Only	Actual/360	0	120	120	120	120	0	0
14	Loan		Dublin Office Portfolio	119,138.22	1,429,658.64			Amortizing	Actual/360	2	0	0	120	118	360	358
14.01	Property		Parkwood II
14.02	Property	45	Emerald III
15	Loan	9, 46, 47	5444 & 5430 Westheimer	83,747.22	1,004,966.64	119,638.89	1,435,666.68	Interest Only	Actual/360	3	120	117	120	117	0	0
16	Loan	48, 49	PPC Flexible Packaging Portfolio	102,430.26	1,229,163.12			Interest Only, Then Amortizing	Actual/360	1	60	59	120	119	360	360
16.01	Property		PPC Payson
16.02	Property		PPC Rome
17	Loan		Life Time - Fort Worth	79,837.67	958,052.04			Interest Only	Actual/360	0	120	120	120	120	0	0
18	Loan	50	Mercury Drive	102,810.49	1,233,725.88			Amortizing - ARD	Actual/360	1	0	0	120	119	360	359
19	Loan	9	Albertsons Industrial - PA	63,875.00	766,500.00	262,877.56	3,154,530.72	Interest Only	Actual/360	1	120	119	120	119	0	0
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	79,062.88	948,754.56	172,620.62	2,071,447.44	Interest Only, Then Amortizing	Actual/360	2	24	22	120	118	360	360
20.01	Property		Oak Brook Gateway
20.02	Property		Cornerstone I at Cantera
21	Loan		Jefferson Grove	77,396.65	928,759.80			Interest Only, Then Amortizing	Actual/360	0	60	60	120	120	360	360
22	Loan	53	WoodSpring Orlando Portfolio	76,120.68	913,448.16			Amortizing	Actual/360	4	0	0	60	56	360	356
22.01	Property		WoodSpring Suites Clermont
22.02	Property		WoodSpring Suites Clarcona
23	Loan		Bennington Square Apartments	67,325.77	807,909.24			Interest Only, Then Amortizing	Actual/360	0	60	60	120	120	360	360
24	Loan	54	Mission Point Office	63,453.40	761,440.80			Amortizing	Actual/360	3	0	0	120	117	360	357
25	Loan		Franklin Commons	55,213.58	662,562.96			Interest Only, Then Amortizing	Actual/360	2	60	58	120	118	360	360
26	Loan	55	1933 North Meacham	52,036.13	624,433.56			Interest Only, Then Amortizing	Actual/360	1	60	59	120	119	360	360
27	Loan		Craig Promenade	53,725.73	644,708.76			Amortizing	Actual/360	1	0	0	120	119	360	359
28	Loan	56	Essex Crossing Site 6	40,661.17	487,934.04			Interest Only	Actual/360	1	120	119	120	119	0	0
29	Loan		Church Ranch II	45,675.11	548,101.32			Amortizing	Actual/360	2	0	0	120	118	360	358
30	Loan		All Storage Fort Worth	29,890.71	358,688.52			Interest Only	Actual/360	2	120	118	120	118	0	0
31	Loan		All Storage Mayfield	27,898.00	334,776.00			Interest Only	Actual/360	2	120	118	120	118	0	0
32	Loan		New Albany Market	35,415.68	424,988.16			Interest Only, Then Amortizing	Actual/360	2	24	22	120	118	360	360
33	Loan		Airport Plaza	32,669.39	392,032.68			Interest Only, Then Amortizing	Actual/360	2	24	22	120	118	360	360
34	Loan		All Storage McCart	22,477.49	269,729.88			Interest Only	Actual/360	2	120	118	120	118	0	0
35	Loan		Weis Plaza	31,021.66	372,259.92			Amortizing	Actual/360	0	0	0	120	120	360	360
36	Loan		Storage Sense Colorado Springs	11,406.05	136,872.60			Interest Only, Then Amortizing	Actual/360	0	36	36	120	120	360	360

GSMS 2019-GC38 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Origination Date

Due Date

First Due Date

Last IO Due Date

First P&I Due Date

Maturity
Date / ARD

ARD
(Yes / No)

Final Maturity Date

Grace Period- Late Fee

Grace Period- Default

Prepayment Provision (3)

Loan

8, 9, 10, 11, 12, 13

365 Bond

11/28/2018

1/6/2019

12/6/2023

Lockout/26_Defeasance/30_0%/4

Loan

14, 15, 16

Torrance Towne Center

11/29/2018

1/6/2019

12/6/2028

Lockout/26_>YM or 1%/90_0%/4

Loan

9, 17, 18, 19, 20

Pace Gallery HQ

1/23/2019

3/6/2019

2/6/2029

Lockout/24_Defeasance or >YM or 1%/93_0%/3

Loan

Heitman Life Storage Portfolio

12/19/2018

2/6/2019

1/6/2029

Lockout/25_Defeasance/91_0%/4

4.01

Property

East Elliot Road

4.02

Property

FM 1431

4.03

Property

Rayford Road

4.04

Property

East Cornwallis Road

4.05

Property

McNeil Drive

4.06

Property

FM 2222

4.07

Property

South Congress Avenue

4.08

Property

Westheimer Road

4.09

Property

Shell Road

4.10

Property

Southwest Military Drive

4.11

Property

Old Denton Road

4.12

Property

West Camelback Road

Loan

21, 22

Albertsons Industrial - IL

1/2/2019

2/6/2019

1/6/2029

Yes

1/6/2034

Lockout/11_>YM or 1%/105_0%/4

Loan

9, 23, 24, 25, 26, 27, 28, 29, 30, 31

Pier 70

9/26/2018

11/6/2018

10/6/2028

Lockout/28_Defeasance/88_0%/4

Loan

Perimeter Square

10/10/2018

12/6/2018

11/6/2028

Lockout/27_>YM or 1%/89_0%/4

Loan

8, 9, 32, 33, 34, 35

3 Park Avenue

11/30/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/87_0%/7

Loan

Residence Inn Chula Vista

12/6/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/89_0%/5

Loan

9, 37, 38

145 Clinton

11/19/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/90_0%/4

Loan

39, 40

Vee Pak Industrial Portfolio

1/17/2019

3/6/2019

2/6/2029

Lockout/24_Defeasance or >YM or 1%/90_0%/6

11.01

Property

6710 River Road

11.02

Property

5300-5320 Dansher Road

11.03

Property

5321-5331 Dansher Road

Loan

41, 42

Moxy Denver Cherry Creek

12/21/2018

2/6/2019

1/6/2029

3 days grace, once per trailing 12-month period, monthly payments of debt service only

Lockout/25_Defeasance/91_0%/4

Loan

43, 44

North Miami Business Park

1/17/2019

3/6/2019

2/6/2029

Lockout/24_Defeasance/92_0%/4

Loan

Dublin Office Portfolio

12/6/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/87_0%/7

14.01

Property

Parkwood II

14.02

Property

Emerald III

Loan

9, 46, 47

5444 & 5430 Westheimer

10/23/2018

12/6/2018

11/6/2028

Lockout/27_>YM or 1%/88_0%/5

Loan

48, 49

PPC Flexible Packaging Portfolio

12/7/2018

2/6/2019

1/6/2024

2/6/2024

1/6/2029

Lockout/25_Defeasance/91_0%/4

16.01

Property

PPC Payson

16.02

Property

PPC Rome

Loan

Life Time - Fort Worth

1/29/2019

3/6/2019

2/6/2029

Lockout/24_Defeasance/92_0%/4

Loan

Mercury Drive

12/31/2018

2/6/2019

1/6/2029

Yes

1/6/2032

Lockout/25_Defeasance/91_0%/4

Loan

Albertsons Industrial - PA

1/2/2019

2/6/2019

1/6/2029

Lockout/11_>YM or 1%/105_0%/4

Loan

8, 9, 51, 52

Fairbridge Office Portfolio

11/30/2018

1/6/2019

12/6/2020

1/6/2021

12/6/2028

Lockout/26_Defeasance/90_0%/4

20.01

Property

Oak Brook Gateway

20.02

Property

Cornerstone I at Cantera

Loan

Jefferson Grove

1/18/2019

3/6/2019

2/6/2024

3/6/2024

2/6/2029

Lockout/24_Defeasance/92_0%/4

Loan

WoodSpring Orlando Portfolio

9/14/2018

11/6/2018

10/6/2023

Lockout/28_>YM or 3%/29_0%/3

22.01

Property

WoodSpring Suites Clermont

22.02

Property

WoodSpring Suites Clarcona

Loan

Bennington Square Apartments

1/29/2019

3/6/2019

2/6/2024

3/6/2024

2/6/2029

Lockout/24_>YM or 1%/92_0%/4

Loan

Mission Point Office

10/24/2018

12/6/2018

11/6/2028

Lockout/27_Defeasance/89_0%/4

Loan

Franklin Commons

11/7/2018

1/6/2019

12/6/2023

1/6/2024

12/6/2028

Lockout/26_Defeasance/90_0%/4

Loan

1933 North Meacham

12/7/2018

2/6/2019

1/6/2024

2/6/2024

1/6/2029

Lockout/25_Defeasance/90_0%/5

Loan

Craig Promenade

12/14/2018

2/6/2019

1/6/2029

Lockout/25_Defeasance/91_0%/4

Loan

Essex Crossing Site 6

12/17/2018

2/6/2019

1/6/2029

Lockout/25_Defeasance/91_0%/4

Loan

Church Ranch II

11/13/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/90_0%/4

Loan

All Storage Fort Worth

11/29/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/89_0%/5

Loan

All Storage Mayfield

11/29/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/89_0%/5

Loan

New Albany Market

11/19/2018

1/6/2019

12/6/2020

1/6/2021

12/6/2028

Lockout/26_Defeasance/89_0%/5

Loan

Airport Plaza

11/20/2018

1/6/2019

12/6/2020

1/6/2021

12/6/2028

Lockout/26_Defeasance/89_0%/5

Loan

All Storage McCart

11/29/2018

1/6/2019

12/6/2028

Lockout/26_Defeasance/89_0%/5

Loan

Weis Plaza

1/22/2019

3/6/2019

2/6/2029

Lockout/24_Defeasance/92_0%/4

Loan

Storage Sense Colorado Springs

1/10/2019

3/6/2019

2/6/2022

3/6/2022

2/6/2029

Lockout/24_Defeasance/92_0%/4

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	2015 EGI ($)	2015 Expenses ($)	2015 NOI ($)	2016 EGI ($)	2016 Expenses ($)	2016 NOI ($)	2017 EGI ($)	2017 Expenses ($)	2017 NOI ($)	Most Recent EGI (if past 2017) ($)	Most Recent Expenses (if past 2017) ($)	Most Recent NOI (if past 2017) ($)	Most Recent NOI Date (if past 2017)
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	N/A	N/A	N/A	N/A	N/A	N/A	12,842,928	4,009,422	8,833,506	16,659,015	4,275,233	12,383,782	10/31/2018
2	Loan	14, 15, 16	Torrance Towne Center	7,098,586	2,310,589	4,787,997	7,329,993	2,372,839	4,957,153	7,657,687	2,466,331	5,191,356	7,908,786	2,481,800	5,426,986	7/31/2018
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
4	Loan		Heitman Life Storage Portfolio	9,035,737	3,468,613	5,567,124	9,276,807	3,518,914	5,757,893	9,178,449	3,799,799	5,378,650	9,122,602	3,968,505	5,154,097	10/31/2018
4.01	Property		East Elliot Road	825,496	256,783	568,713	854,099	273,540	580,559	863,224	295,308	567,916	882,965	309,357	573,608	10/31/2018
4.02	Property		FM 1431	1,157,205	569,668	587,537	1,191,892	558,667	633,225	1,191,466	561,978	629,488	1,144,254	592,469	551,785	10/31/2018
4.03	Property		Rayford Road	1,018,478	406,915	611,563	1,006,684	377,455	629,229	1,011,809	396,777	615,032	953,043	407,520	545,523	10/31/2018
4.04	Property		East Cornwallis Road	876,479	225,075	651,404	866,798	242,273	624,525	826,872	251,145	575,727	845,448	267,497	577,951	10/31/2018
4.05	Property		McNeil Drive	931,759	322,945	608,814	932,669	334,449	598,220	949,210	350,994	598,217	950,723	375,444	575,279	10/31/2018
4.06	Property		FM 2222	735,940	292,871	443,069	769,754	303,167	466,587	754,835	344,795	410,040	748,869	349,801	399,068	10/31/2018
4.07	Property		South Congress Avenue	654,521	244,787	409,734	687,897	274,663	413,234	697,394	270,070	427,324	715,647	288,824	426,823	10/31/2018
4.08	Property		Westheimer Road	705,060	318,116	386,944	707,888	267,982	439,906	678,854	402,824	276,030	671,879	407,986	263,893	10/31/2018
4.09	Property		Shell Road	534,600	208,440	326,160	543,907	206,548	337,359	535,817	211,064	324,753	537,494	216,474	321,020	10/31/2018
4.10	Property		Southwest Military Drive	552,858	209,194	343,664	598,865	251,476	347,389	577,299	275,200	302,099	575,507	281,876	293,631	10/31/2018
4.11	Property		Old Denton Road	633,747	250,407	383,340	657,004	247,496	409,508	636,708	253,651	383,057	625,235	277,760	347,475	10/31/2018
4.12	Property		West Camelback Road	409,594	163,412	246,182	459,350	181,198	278,153	454,961	185,994	268,967	471,538	193,495	278,043	10/31/2018
5	Loan	21, 22	Albertsons Industrial - IL	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
7	Loan		Perimeter Square	N/A	N/A	N/A	3,857,423	918,474	2,938,949	4,072,661	957,793	3,114,868	4,312,079	967,667	3,344,412	11/30/2018
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	N/A	N/A	N/A	33,730,904	15,156,539	18,574,365	34,088,864	16,566,079	17,522,785	32,390,743	16,631,958	15,758,785	9/30/2018
9	Loan	36	Residence Inn Chula Vista	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	8,852,708	4,742,570	4,110,138	11/30/2018
10	Loan	9, 37, 38	145 Clinton	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
11	Loan	39, 40	Vee Pak Industrial Portfolio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
11.01	Property		6710 River Road	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
11.02	Property		5300-5320 Dansher Road	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
11.03	Property		5321-5331 Dansher Road	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
12	Loan	41, 42	Moxy Denver Cherry Creek	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	7,188,663	4,844,245	2,344,418	12/31/2018
13	Loan	43, 44	North Miami Business Park	N/A	N/A	N/A	2,428,395	826,963	1,601,432	2,542,479	802,518	1,739,960	2,731,832	830,611	1,901,221	11/30/2018
14	Loan		Dublin Office Portfolio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	5,678,753	2,622,183	3,056,570	11/30/2018
14.01	Property		Parkwood II	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
14.02	Property	45	Emerald III	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
15	Loan	9, 46, 47	5444 & 5430 Westheimer	7,215,466	3,591,667	3,623,799	9,574,864	4,038,870	5,535,994	10,435,677	3,763,713	6,671,964	9,748,838	3,608,048	6,140,790	7/31/2018
16	Loan	48, 49	PPC Flexible Packaging Portfolio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
16.01	Property		PPC Payson	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
16.02	Property		PPC Rome	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
17	Loan		Life Time - Fort Worth	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
18	Loan	50	Mercury Drive	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
19	Loan	9	Albertsons Industrial - PA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	7,115,575	3,502,863	3,612,712	7,053,036	3,507,119	3,545,917	7,096,444	3,531,456	3,564,988	7,832,105	3,723,910	4,108,195	9/30/2018
20.01	Property		Oak Brook Gateway	4,185,953	2,101,481	2,084,472	4,760,964	2,183,336	2,577,628	4,675,046	2,244,200	2,430,846	5,385,459	2,372,759	3,012,700	9/30/2018
20.02	Property		Cornerstone I at Cantera	2,929,622	1,401,381	1,528,240	2,292,072	1,323,783	968,289	2,421,398	1,287,256	1,134,142	2,446,646	1,351,151	1,095,495	9/30/2018
21	Loan		Jefferson Grove	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
22	Loan	53	WoodSpring Orlando Portfolio	2,778,630	1,518,936	1,259,693	3,241,107	1,809,542	1,431,564	3,718,638	1,918,153	1,800,486	4,045,878	1,951,345	2,094,532	6/30/2018
22.01	Property		WoodSpring Suites Clermont	1,512,662	784,955	727,707	1,755,109	941,006	814,103	1,997,000	991,418	1,005,583	2,157,813	999,395	1,158,418	6/30/2018
22.02	Property		WoodSpring Suites Clarcona	1,265,967	733,981	531,986	1,485,998	868,536	617,462	1,721,638	926,735	794,903	1,888,064	951,950	936,115	6/30/2018
23	Loan		Bennington Square Apartments	2,237,824	1,171,875	1,065,949	2,354,096	1,317,966	1,036,130	2,437,526	1,210,226	1,227,300	2,624,241	1,242,265	1,381,976	11/30/2018
24	Loan	54	Mission Point Office	1,700,737	711,987	988,750	1,560,405	689,857	870,548	1,714,145	678,266	1,035,879	1,682,871	698,932	983,939	9/30/2018
25	Loan		Franklin Commons	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1,216,255	141,041	1,075,214	9/30/2018
26	Loan	55	1933 North Meacham	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2,219,620	1,264,640	954,980	8/31/2018
27	Loan		Craig Promenade	1,084,842	401,408	683,434	1,010,554	411,154	599,400	1,063,252	390,094	673,158	1,153,657	401,437	752,220	10/31/2018
28	Loan	56	Essex Crossing Site 6	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
29	Loan		Church Ranch II	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
30	Loan		All Storage Fort Worth	101,433	146,055	(44,622)	817,712	396,710	421,003	1,068,634	427,397	641,237	1,156,391	281,407	874,984	10/31/2018
31	Loan		All Storage Mayfield	N/A	N/A	N/A	200,055	150,010	50,045	825,534	476,345	349,189	1,113,246	335,275	777,971	10/31/2018
32	Loan		New Albany Market	N/A	N/A	N/A	989,552	324,215	665,337	992,335	340,947	651,388	N/A	N/A	N/A	N/A
33	Loan		Airport Plaza	N/A	N/A	N/A	N/A	N/A	N/A	577,953	117,691	460,262	644,783	177,018	467,764	9/30/2018
34	Loan		All Storage McCart	240,328	210,452	29,876	577,296	395,256	182,040	805,207	445,982	359,225	917,743	448,168	469,575	10/31/2018
35	Loan		Weis Plaza	N/A	N/A	N/A	605,114	305,390	299,724	673,369	305,268	368,101	698,385	295,111	403,274	12/31/2018
36	Loan		Storage Sense Colorado Springs	N/A	N/A	N/A	249,287	117,443	131,845	294,394	133,847	160,547	328,357	142,667	185,690	11/30/2018

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Most Recent # of months	Most Recent Description	Underwritten EGI ($)	Underwritten Expenses ($)	Underwritten Net Operating Income ($)	Debt Yield on Underwritten Net Operating Income (%)	Underwritten Replacement / FF&E Reserve ($)	Underwritten TI / LC ($)	Underwritten Net Cash Flow ($)	Underwritten NCF DSCR (x) (4)
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	12	Trailing 12	16,888,077	4,281,457	12,606,620	11.5%	107,500	0	12,499,120	2.79
2	Loan	14, 15, 16	Torrance Towne Center	12	Trailing 12	8,116,077	2,794,808	5,321,269	10.2%	28,388	0	5,292,880	2.10
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	N/A	Not Available	10,365,183	2,258,718	8,106,464	9.0%	14,913	455,343	7,636,208	1.62
4	Loan		Heitman Life Storage Portfolio	12	Trailing 12	9,409,584	4,067,826	5,341,758	11.8%	77,248	0	5,264,509	2.60
4.01	Property		East Elliot Road	12	Trailing 12	933,545	333,126	600,419		7,182	N/A	593,237
4.02	Property		FM 1431	12	Trailing 12	1,192,143	614,925	577,219		9,929	N/A	567,290
4.03	Property		Rayford Road	12	Trailing 12	984,805	393,267	591,538		6,554	N/A	584,984
4.04	Property		East Cornwallis Road	12	Trailing 12	848,472	285,122	563,349		7,819	N/A	555,531
4.05	Property		McNeil Drive	12	Trailing 12	949,992	417,646	532,346		9,321	N/A	523,025
4.06	Property		FM 2222	12	Trailing 12	771,020	347,726	423,294		5,895	N/A	417,399
4.07	Property		South Congress Avenue	12	Trailing 12	732,659	314,489	418,170		5,164	N/A	413,006
4.08	Property		Westheimer Road	12	Trailing 12	692,851	328,502	364,349		5,753	N/A	358,596
4.09	Property		Shell Road	12	Trailing 12	562,678	216,206	346,472		5,272	N/A	341,200
4.10	Property		Southwest Military Drive	12	Trailing 12	635,024	295,222	339,802		4,866	N/A	334,937
4.11	Property		Old Denton Road	12	Trailing 12	620,134	316,737	303,397		5,143	N/A	298,254
4.12	Property		West Camelback Road	12	Trailing 12	486,261	204,858	281,402		4,350	N/A	277,052
5	Loan	21, 22	Albertsons Industrial - IL	N/A	Not Available	7,635,267	229,058	7,406,209	17.9%	156,161	222,530	7,027,518	4.34
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	N/A	Not Available	16,362,203	3,732,653	12,629,550	11.0%	64,563	106,673	12,458,314	2.19
7	Loan		Perimeter Square	12	Trailing 12	4,474,960	1,438,066	3,036,893	8.7%	27,909	94,054	2,914,930	1.48
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	12	Trailing 12	34,812,941	16,549,901	18,263,040	10.0%	222,521	1,950,188	16,090,332	1.84
9	Loan	36	Residence Inn Chula Vista	12	Trailing 12	8,994,271	4,950,726	4,043,545	14.0%	359,771	0	3,683,774	1.90
10	Loan	9, 37, 38	145 Clinton	N/A	Not Available	5,641,247	1,091,948	4,549,299	6.7%	1,344	93,096	4,454,859	1.30
11	Loan	39, 40	Vee Pak Industrial Portfolio	N/A	Not Available	3,764,853	1,311,012	2,453,842	9.1%	81,989	79,683	2,292,170	1.72
11.01	Property		6710 River Road	N/A	Not Available	2,118,855	678,566	1,440,289		45,000	46,244	1,349,045
11.02	Property		5300-5320 Dansher Road	N/A	Not Available	1,030,314	423,575	606,739		24,239	20,337	562,163
11.03	Property		5321-5331 Dansher Road	N/A	Not Available	615,685	208,871	406,814		12,750	13,102	380,962
12	Loan	41, 42	Moxy Denver Cherry Creek	12	Trailing 12	8,652,266	5,454,771	3,197,495	12.8%	346,091	0	2,851,404	2.22
13	Loan	43, 44	North Miami Business Park	12	Trailing 12	2,942,218	810,183	2,132,035	9.7%	42,914	85,839	2,003,283	1.81
14	Loan		Dublin Office Portfolio	12	Trailing 12	5,352,892	2,721,806	2,631,085	12.0%	61,752	242,508	2,326,826	1.63
14.01	Property		Parkwood II	N/A	Not Available	N/A	N/A	N/A		N/A	N/A	N/A
14.02	Property	45	Emerald III	N/A	Not Available	N/A	N/A	N/A		N/A	N/A	N/A
15	Loan	9, 46, 47	5444 & 5430 Westheimer	12	Trailing 12	10,129,896	3,879,663	6,250,233	12.3%	80,952	308,099	5,861,181	2.40
16	Loan	48, 49	PPC Flexible Packaging Portfolio	N/A	Not Available	2,096,084	62,883	2,033,202	10.5%	71,145	90,117	1,871,940	1.52
16.01	Property		PPC Payson	N/A	Not Available	1,817,520	54,526	1,762,995		56,944	72,129	1,633,922
16.02	Property		PPC Rome	N/A	Not Available	278,564	8,357	270,207		14,201	17,988	238,018
17	Loan		Life Time - Fort Worth	N/A	Not Available	2,098,208	N/A	2,098,208	10.9%	6,168	117,191	1,974,849	2.06
18	Loan	50	Mercury Drive	N/A	Not Available	2,971,063	572,789	2,398,274	12.6%	29,019	58,568	2,310,686	1.87
19	Loan	9	Albertsons Industrial - PA	N/A	Not Available	7,150,359	214,511	6,935,848	9.0%	153,941	219,366	6,562,542	1.67
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	12	Trailing 12	9,497,243	3,836,166	5,661,077	11.9%	146,239	500,557	5,014,281	1.66
20.01	Property		Oak Brook Gateway	12	Trailing 12	6,249,142	2,420,454	3,828,687		74,576	312,720	3,441,392
20.02	Property		Cornerstone I at Cantera	12	Trailing 12	3,248,101	1,415,712	1,832,389		71,663	187,837	1,572,889
21	Loan		Jefferson Grove	N/A	Not Available	1,985,063	705,637	1,279,426	8.8%	23,200	0	1,256,226	1.35
22	Loan	53	WoodSpring Orlando Portfolio	12	Trailing 12	4,045,878	1,965,092	2,080,786	16.1%	161,835	0	1,918,951	2.10
22.01	Property		WoodSpring Suites Clermont	12	Trailing 12	2,157,813	1,016,074	1,141,739		86,313	N/A	1,055,427
22.02	Property		WoodSpring Suites Clarcona	12	Trailing 12	1,888,064	949,018	939,047		75,523	N/A	863,524
23	Loan		Bennington Square Apartments	12	Trailing 12	2,631,307	1,351,742	1,279,565	10.3%	93,900	0	1,185,665	1.47
24	Loan	54	Mission Point Office	12	Trailing 12	2,042,755	754,586	1,288,168	11.5%	18,246	31,090	1,238,832	1.63
25	Loan		Franklin Commons	12	Trailing 12	1,315,699	332,322	983,377	9.8%	17,196	65,912	900,268	1.36
26	Loan	55	1933 North Meacham	12	Trailing 12	2,726,705	1,543,492	1,183,213	12.2%	28,433	101,091	1,053,690	1.69
27	Loan		Craig Promenade	12	Trailing 12	1,480,687	468,800	1,011,887	10.5%	16,211	47,392	948,283	1.47
28	Loan	56	Essex Crossing Site 6	N/A	Not Available	1,112,627	206,693	905,934	10.4%	4,295	27,199	874,441	1.79
29	Loan		Church Ranch II	N/A	Not Available	1,251,881	466,934	784,947	9.7%	11,350	59,904	713,693	1.30
30	Loan		All Storage Fort Worth	12	Trailing 12	1,296,551	447,827	848,724	11.3%	24,039	0	824,686	2.30
31	Loan		All Storage Mayfield	12	Trailing 12	1,295,584	526,413	769,171	11.0%	19,456	0	749,715	2.24
32	Loan		New Albany Market	N/A	Not Available	957,530	346,368	611,162	9.6%	5,206	32,510	573,447	1.35
33	Loan		Airport Plaza	12	Trailing 12	759,428	146,489	612,939	10.2%	6,150	17,302	589,487	1.50
34	Loan		All Storage McCart	12	Trailing 12	1,060,299	469,791	590,508	10.7%	21,632	0	568,876	2.11
35	Loan		Weis Plaza	12	Trailing 12	859,212	320,525	538,686	9.8%	23,068	51,314	464,304	1.25
36	Loan		Storage Sense Colorado Springs	12	Trailing 12	328,357	142,949	185,409	9.2%	3,655	0	181,754	1.33

GSMS 2019-GC38 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Debt Yield on Underwritten
Net Cash Flow (%)

Appraised
Value ($)

Appraisal Date

As Stabilized Appraised Value ($)

As Stabilized Appraisal Date

Cut-off Date LTV Ratio (%)

LTV Ratio at Maturity / ARD (%)

Occupancy (%) (5)

Occupancy Date

ADR ($)

RevPAR ($)

Largest Tenant

Loan

8, 9, 10, 11, 12, 13

365 Bond

11.4%

290,100,000

9/19/2018

290,500,000

3/1/2019

37.9%

92.6%

12/16/2018

NAP

Loan

14, 15, 16

Torrance Towne Center

10.2%

86,500,000

9/11/2018

NAP

60.1%

97.2%

10/17/2018

NAP

Kohl’s Department Store (GL)

Loan

9, 17, 18, 19, 20

Pace Gallery HQ

8.5%

170,000,000

12/3/2018

180,000,000

5/1/2019

50.0%

100.0%

1/1/2019

NAP

The Pace Gallery LLC

Loan

Heitman Life Storage Portfolio

11.6%

92,340,000

Various

92,900,000

12/1/2019

49.1%

90.8%

NAP

4.01

Property

East Elliot Road

10,860,000

11/20/2018

NAP

95.2%

11/16/2018

NAP

4.02

Property

FM 1431

11,060,000

11/17/2018

NAP

90.7%

11/16/2018

NAP

4.03

Property

Rayford Road

8,610,000

11/19/2018

NAP

93.1%

11/16/2018

NAP

4.04

Property

East Cornwallis Road

10,040,000

11/19/2018

10,600,000

12/1/2019

86.5%

11/16/2018

NAP

4.05

Property

McNeil Drive

9,560,000

11/17/2018

NAP

90.3%

11/16/2018

NAP

4.06

Property

FM 2222

6,560,000

11/17/2018

NAP

94.0%

11/16/2018

NAP

4.07

Property

South Congress Avenue

7,350,000

11/20/2018

NAP

87.9%

11/16/2018

NAP

4.08

Property

Westheimer Road

5,720,000

11/19/2018

NAP

88.5%

11/16/2018

NAP

4.09

Property

Shell Road

5,310,000

11/19/2018

NAP

92.5%

11/16/2018

NAP

4.10

Property

Southwest Military Drive

5,440,000

11/17/2018

NAP

90.1%

11/16/2018

NAP

4.11

Property

Old Denton Road

6,240,000

11/19/2018

NAP

90.5%

11/16/2018

NAP

4.12

Property

West Camelback Road

5,590,000

11/20/2018

NAP

89.9%

11/16/2018

NAP

Loan

21, 22

Albertsons Industrial - IL

17.0%

126,000,000

11/28/2018

NAP

32.9%

100.0%

1/2/2019

NAP

Albertsons

Loan

9, 23, 24, 25, 26, 27, 28, 29, 30, 31

Pier 70

10.8%

217,300,000

7/12/2018

252,300,000

10/1/2019

52.9%

45.6%

99.8%

9/1/2018

NAP

Uber

Loan

Perimeter Square

8.3%

54,650,000

9/12/2018

NAP

64.0%

100.0%

1/1/2019

NAP

Bed Bath & Beyond

Loan

8, 9, 32, 33, 34, 35

3 Park Avenue

8.8%

505,000,000

10/25/2018

595,000,000

11/1/2021

36.0%

85.5%

10/23/2018

NAP

Houghton Mifflin Harcourt

Loan

Residence Inn Chula Vista

12.7%

43,000,000

10/19/2018

46,500,000

11/1/2021

67.3%

56.1%

93.8%

11/30/2018

185.99

163.67

NAP

Loan

9, 37, 38

145 Clinton

6.5%

105,000,000

9/20/2018

110,000,000

10/1/2019

65.0%

85.0%

9/15/2018

NAP

Trader Joe’s

Loan

39, 40

Vee Pak Industrial Portfolio

8.5%

42,100,000

Various

NAP

63.8%

100.0%

NAP

11.01

Property

6710 River Road

25,300,000

9/18/2018

NAP

100.0%

1/1/2019

NAP

Vee Pak

11.02

Property

5300-5320 Dansher Road

10,000,000

12/17/2018

NAP

100.0%

1/1/2019

NAP

Vee Pak

11.03

Property

5321-5331 Dansher Road

6,800,000

9/18/2018

NAP

100.0%

1/1/2019

NAP

Vee Pak

Loan

41, 42

Moxy Denver Cherry Creek

11.4%

50,000,000

11/19/2018

55,300,000

11/19/2020

50.0%

60.4%

12/31/2018

161.84

114.86

NAP

Loan

43, 44

North Miami Business Park

9.1%

35,300,000

12/20/2018

NAP

62.3%

91.0%

1/16/2019

NAP

Bosem Corporation

Loan

Dublin Office Portfolio

10.6%

42,900,000

9/26/2018

NAP

51.2%

42.3%

86.6%

NAP

14.01

Property

Parkwood II

25,400,000

9/26/2018

NAP

100.0%

1/1/2019

NAP

United Healthcare Services

14.02

Property

Emerald III

17,500,000

9/26/2018

NAP

69.3%

11/1/2018

NAP

Quest Software, Inc.

Loan

9, 46, 47

5444 & 5430 Westheimer

11.5%

80,500,000

9/13/2018

83,900,000

9/13/2019

63.4%

80.6%

6/1/2018

NAP

Capital One

Loan

48, 49

PPC Flexible Packaging Portfolio

9.7%

29,600,000

Various

NAP

65.2%

60.0%

100.0%

NAP

16.01

Property

PPC Payson

25,300,000

12/3/2018

NAP

100.0%

1/1/2019

NAP

PPC Payson

16.02

Property

PPC Rome

4,300,000

11/2/2018

NAP

100.0%

1/1/2019

NAP

PPC Rome

Loan

Life Time - Fort Worth

10.3%

32,200,000

12/12/2018

NAP

59.6%

100.0%

1/29/2019

NAP

Healthy Way of Life VIII, LLC

Loan

Mercury Drive

12.2%

26,300,000

12/12/2018

NAP

72.2%

59.5%

100.0%

1/1/2019

NAP

Ford

Loan

Albertsons Industrial - PA

8.6%

117,000,000

11/28/2018

NAP

65.6%

100.0%

1/2/2019

NAP

Albertsons

Loan

8, 9, 51, 52

Fairbridge Office Portfolio

10.5%

64,700,000

10/22/2018

NAP

73.8%

63.6%

84.7%

NAP

20.01

Property

Oak Brook Gateway

43,400,000

10/22/2018

NAP

88.1%

10/24/2018

NAP

Lewis University

20.02

Property

Cornerstone I at Cantera

21,300,000

10/22/2018

NAP

79.6%

9/30/2018

NAP

Sargent & Lundy, LLC

Loan

Jefferson Grove

8.7%

21,700,000

12/17/2018

NAP

66.8%

61.6%

95.7%

1/14/2019

NAP

Loan

WoodSpring Orlando Portfolio

14.8%

20,300,000

8/15/2018

21,300,000

9/1/2020

63.8%

59.7%

85.4%

56.12

47.94

22.01

Property

WoodSpring Suites Clermont

11,300,000

8/15/2018

11,800,000

9/1/2020

83.1%

6/30/2018

57.50

47.77

NAP

22.02

Property

WoodSpring Suites Clarcona

9,000,000

8/15/2018

9,500,000

9/1/2020

88.1%

6/30/2018

54.61

48.13

NAP

Loan

Bennington Square Apartments

9.6%

19,730,000

12/12/2018

NAP

62.8%

58.1%

93.0%

1/10/2019

NAP

Loan

Mission Point Office

11.0%

16,275,000

9/7/2018

16,650,000

3/1/2019

68.9%

57.6%

88.9%

10/19/2018

NAP

DRS Intelligence & Avionic Solutions, Inc.

Loan

Franklin Commons

9.0%

15,620,000

9/14/2018

NAP

64.3%

59.5%

100.0%

10/1/2018

NAP

Ross Dress For Less

Loan

1933 North Meacham

10.9%

14,500,000

10/2/2018

NAP

66.9%

61.7%

92.8%

12/1/2018

NAP

KeyPath Education

Loan

Craig Promenade

9.8%

13,000,000

11/16/2018

13,650,000

12/1/2019

74.3%

61.8%

84.8%

10/19/2018

NAP

Big Lots

Loan

Essex Crossing Site 6

10.0%

17,300,000

11/15/2018

NAP

50.6%

100.0%

8/19/2018

NAP

Henry Street Settlement Workforce

Loan

Church Ranch II

8.8%

12,650,000

10/3/2018

NAP

64.1%

53.5%

100.0%

1/1/2019

NAP

Staples

Loan

All Storage Fort Worth

11.0%

14,000,000

9/25/2018

14,900,000

9/25/2019

53.6%

78.0%

10/31/2018

NAP

Loan

All Storage Mayfield

10.7%

14,900,000

9/25/2018

NAP

47.0%

89.3%

10/31/2018

NAP

Loan

New Albany Market

9.0%

8,850,000

10/23/2018

NAP

72.0%

62.8%

91.4%

11/16/2018

NAP

Roosters Wings

Loan

Airport Plaza

9.8%

8,140,000

10/19/2018

NAP

74.2%

64.3%

92.7%

8/22/2018

NAP

Dollar Tree

Loan

All Storage McCart

10.3%

10,100,000

9/25/2018

NAP

54.5%

70.0%

10/31/2018

NAP

Loan

Weis Plaza

8.4%

8,100,000

12/11/2018

NAP

67.9%

56.6%

93.9%

1/1/2019

NAP

Weis Markets

Loan

Storage Sense Colorado Springs

9.0%

3,050,000

12/11/2018

NAP

66.2%

59.2%

90.0%

12/31/2018

NAP

GSMS 2019-GC38 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Largest Tenant Sq Ft

Largest Tenant Lease Expiration (6)

Second Largest Tenant

Second Largest Tenant Sq Ft

Second Largest Tenant Lease Expiration (6)

Third Largest Tenant

Third Largest Tenant Sq Ft

Third Largest Tenant Lease Expiration (6)

Fourth Largest Tenant

Fourth Largest Tenant Sq Ft

Loan

8, 9, 10, 11, 12, 13

365 Bond

NAP

Loan

14, 15, 16

Torrance Towne Center

95,697

1/31/2024

Smart & Final

21,015

7/31/2032

Howard’s Appliances

18,679

9/30/2019

Burke Williams Day Spa

15,672

Loan

9, 17, 18, 19, 20

Pace Gallery HQ

74,563

12/14/2038

NAP

Loan

Heitman Life Storage Portfolio

4.01

Property

East Elliot Road

NAP

4.02

Property

FM 1431

NAP

4.03

Property

Rayford Road

NAP

4.04

Property

East Cornwallis Road

NAP

4.05

Property

McNeil Drive

NAP

4.06

Property

FM 2222

NAP

4.07

Property

South Congress Avenue

NAP

4.08

Property

Westheimer Road

NAP

4.09

Property

Shell Road

NAP

4.10

Property

Southwest Military Drive

NAP

4.11

Property

Old Denton Road

NAP

4.12

Property

West Camelback Road

NAP

Loan

21, 22

Albertsons Industrial - IL

1,561,613

1/31/2039

NAP

Loan

9, 23, 24, 25, 26, 27, 28, 29, 30, 31

Pier 70

131,070

4/30/2028

JUUL

61,385

3/30/2029

Restoration Hardware

55,950

1/31/2059

Gusto

50,757

Loan

Perimeter Square

50,000

1/31/2020

Havertys Furniture

44,000

7/31/2022

T.J. Maxx

32,500

8/31/2029

PetSmart

25,858

Loan

8, 9, 32, 33, 34, 35

3 Park Avenue

101,821

12/31/2027

TransPerfect Translations

91,220

9/30/2019

P. Kaufmann Contract

57,000

12/31/2022

Return Path, Inc.

46,002

Loan

Residence Inn Chula Vista

NAP

Loan

9, 37, 38

145 Clinton

30,621

9/30/2033

Target

22,480

1/31/2034

Time Warner Cable

4,000

4/30/2029

NAP

Loan

39, 40

Vee Pak Industrial Portfolio

11.01

Property

6710 River Road

300,000

1/31/2039

NAP

11.02

Property

5300-5320 Dansher Road

161,591

1/31/2039

NAP

11.03

Property

5321-5331 Dansher Road

85,000

1/31/2039

NAP

Loan

41, 42

Moxy Denver Cherry Creek

NAP

Loan

43, 44

North Miami Business Park

8,000

12/31/2020

Tele Radio America

7,900

3/31/2020

Michael Giordano I

5,600

12/31/2021

Bato Productions I

4,300

Loan

Dublin Office Portfolio

14.01

Property

Parkwood II

164,900

8/31/2024

NAP

14.02

Property

Emerald III

33,007

5/31/2024

West Notifications, Inc.

16,691

5/31/2021

Aerotek, Inc.

15,104

11/30/2022

Allstate Insurance Company

6,829

Loan

9, 46, 47

5444 & 5430 Westheimer

58,061

7/31/2025

AECOM Technology Corp

58,011

2/28/2023

Alliant Insurance Services

38,704

10/31/2023

HESS

21,466

Loan

48, 49

PPC Flexible Packaging Portfolio

16.01

Property

PPC Payson

379,627

11/30/2038

NAP

16.02

Property

PPC Rome

94,672

11/30/2038

NAP

Loan

Life Time - Fort Worth

123,359

1/31/2044

NAP

Loan

Mercury Drive

193,463

12/31/2028

NAP

Loan

Albertsons Industrial - PA

1,539,407

1/31/2039

NAP

Loan

8, 9, 51, 52

Fairbridge Office Portfolio

20.01

Property

Oak Brook Gateway

32,634

12/31/2023

U.S. Census Bureau

29,171

11/15/2023

Thomson Reuters (Markets) LLC

22,699

12/31/2019

Oxford Bank & Trust

16,974

20.02

Property

Cornerstone I at Cantera

29,239

6/30/2027

AECOM

26,749

10/31/2020

RGN National Business Centers

15,290

1/31/2020

Dugan & Lopatka

10,895

Loan

Jefferson Grove

NAP

Loan

WoodSpring Orlando Portfolio

22.01

Property

WoodSpring Suites Clermont

NAP

22.02

Property

WoodSpring Suites Clarcona

NAP

Loan

Bennington Square Apartments

NAP

Loan

Mission Point Office

46,637

11/30/2020

Wyle Laboratories, Inc.

21,792

9/30/2023

General Atomics Aeronautical Systems, Inc.

6,844

11/30/2024

Segue Technologies, Inc.

5,817

Loan

Franklin Commons

21,959

1/31/2028

Marshalls

21,000

8/31/2027

PetSmart

18,019

6/30/2027

Ulta Beauty

10,002

Loan

1933 North Meacham

20,573

4/9/2023

Genex Services

16,466

3/31/2022

Fiserv Solutions

15,452

4/30/2026

North Fork Holding

15,387

Loan

Craig Promenade

30,223

1/31/2021

Salvation Army

14,454

2/29/2024

Dotty’s

4,158

7/31/2027

Metro PCS

2,888

Loan

Essex Crossing Site 6

9,040

7/31/2029

Chinese American Planning

8,520

6/30/2039

LES BID

3,449

7/31/2039

Grand Street Settlement

1,974

Loan

Church Ranch II

63,057

7/31/2028

NAP

Loan

All Storage Fort Worth

NAP

Loan

All Storage Mayfield

NAP

Loan

New Albany Market

5,801

9/30/2028

Captivity World

5,610

12/31/2023

Firefly Café

4,149

9/30/2020

Panera

4,072

Loan

Airport Plaza

10,000

8/31/2021

Rue 21

6,500

1/31/2022

El Cazador Mexican Restaurant

4,000

10/31/2021

Shoe Show

3,500

Loan

All Storage McCart

NAP

Loan

Weis Plaza

56,614

1/31/2022

Planet Fitness

17,600

5/31/2029

Once Again Thrift

9,104

12/31/2019

Dollar General

8,698

Loan

Storage Sense Colorado Springs

NAP

GSMS 2019-GC38 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Fourth Largest Tenant Lease Expiration (6)

Fifth Largest Tenant

Fifth Largest Tenant Sq Ft

Fifth Largest Tenant Lease Expiration (6)

Environmental Phase I Report Date

Environmental Phase II

Environmental Phase II Report Date

Engineering Report Date

Seismic Report Date

PML or SEL (%)

Earthquake Insurance Required

Upfront RE Tax Reserve ($)

Ongoing RE Tax Reserve ($)

Loan

8, 9, 10, 11, 12, 13

365 Bond

NAP

9/28/2018

NAP

10/1/2018

NAP

24,180

Loan

14, 15, 16

Torrance Towne Center

12/31/2020

Goodwill Industries

14,038

12/31/2019

9/21/2018

NAP

9/21/2018

15%

70,646

38,705

Loan

9, 17, 18, 19, 20

Pace Gallery HQ

NAP

12/18/2018

NAP

12/18/2018

NAP

Loan

Heitman Life Storage Portfolio

4.01

Property

East Elliot Road

NAP

11/29/2018

NAP

11/29/2018

NAP

4.02

Property

FM 1431

NAP

12/18/2018

NAP

11/29/2018

NAP

4.03

Property

Rayford Road

NAP

11/29/2018

NAP

11/29/2018

NAP

4.04

Property

East Cornwallis Road

NAP

11/29/2018

NAP

11/20/2018

NAP

4.05

Property

McNeil Drive

NAP

11/29/2018

NAP

12/19/2018

NAP

4.06

Property

FM 2222

NAP

12/18/2018

NAP

11/29/2018

NAP

4.07

Property

South Congress Avenue

NAP

12/18/2018

NAP

12/19/2018

NAP

4.08

Property

Westheimer Road

NAP

11/29/2018

NAP

11/29/2018

NAP

4.09

Property

Shell Road

NAP

11/29/2018

NAP

11/29/2018

NAP

4.10

Property

Southwest Military Drive

NAP

12/18/2018

NAP

11/29/2018

NAP

4.11

Property

Old Denton Road

NAP

11/29/2018

NAP

11/29/2018

NAP

4.12

Property

West Camelback Road

NAP

11/29/2018

NAP

11/29/2018

NAP

Loan

21, 22

Albertsons Industrial - IL

NAP

12/13/2018

NAP

12/21/2018

NAP

Loan

9, 23, 24, 25, 26, 27, 28, 29, 30, 31

Pier 70

10/31/2028

Obscura Digital

23,017

1/31/2025

8/14/2018

NAP

7/31/2018

8/20/2018

17%

2,267,641

128,884

Loan

Perimeter Square

1/31/2020

Total Wine & More

21,000

2/28/2024

9/17/2018

NAP

9/18/2018

NAP

Loan

8, 9, 32, 33, 34, 35

3 Park Avenue

7/31/2025

Pira Energy Group

27,577

2/29/2020

10/18/2018

NAP

10/17/2018

NAP

3,668,201

641,935

Loan

Residence Inn Chula Vista

NAP

11/1/2018

NAP

11/2/2018

11/1/2018

71,621

24,601

Loan

9, 37, 38

145 Clinton

NAP

9/28/2018

NAP

9/28/2018

NAP

Loan

39, 40

Vee Pak Industrial Portfolio

11.01

Property

6710 River Road

NAP

10/2/2018

NAP

10/1/2018

NAP

11.02

Property

5300-5320 Dansher Road

NAP

11/13/2018

NAP

11/13/2018

NAP

11.03

Property

5321-5331 Dansher Road

NAP

10/2/2018

NAP

10/1/2018

NAP

Loan

41, 42

Moxy Denver Cherry Creek

NAP

12/3/2018

NAP

12/3/2018

NAP

Loan

43, 44

North Miami Business Park

9/30/2019

City Electric Supply Company

4,200

6/30/2022

12/19/2018

NAP

12/19/2018

NAP

156,079

31,216

Loan

Dublin Office Portfolio

593,326

84,761

14.01

Property

Parkwood II

NAP

9/28/2018

NAP

10/1/2018

NAP

14.02

Property

Emerald III

9/30/2022

ClearChoice Management Services, LLC

6,769

12/31/2029

9/28/2018

NAP

9/26/2018

NAP

Loan

9, 46, 47

5444 & 5430 Westheimer

12/31/2023

Verizon Wireless

19,695

3/31/2024

9/17/2018

NAP

9/19/2018

NAP

938,541

96,267

Loan

48, 49

PPC Flexible Packaging Portfolio

16.01

Property

PPC Payson

NAP

10/16/2018

NAP

12/6/2018

10/24/2018

16.02

Property

PPC Rome

NAP

10/16/2018

NAP

12/6/2018

NAP

Loan

Life Time - Fort Worth

NAP

12/10/2018

NAP

12/19/2018

NAP

Loan

Mercury Drive

NAP

12/21/2018

NAP

12/28/2018

NAP

Loan

Albertsons Industrial - PA

NAP

12/13/2018

NAP

12/21/2018

NAP

Loan

8, 9, 51, 52

Fairbridge Office Portfolio

225,883

56,471

20.01

Property

Oak Brook Gateway

4/30/2025

Aerotek, Inc.

14,596

5/31/2023

6/12/2018

NAP

11/19/2018

NAP

20.02

Property

Cornerstone I at Cantera

8/31/2026

Docusign, Inc.

9,352

7/31/2021

8/16/2018

NAP

8/17/2018

NAP

Loan

Jefferson Grove

NAP

1/3/2019

NAP

1/3/2019

NAP

62,339

31,170

Loan

WoodSpring Orlando Portfolio

95,180

11,898

22.01

Property

WoodSpring Suites Clermont

NAP

8/22/2018

NAP

8/22/2018

NAP

22.02

Property

WoodSpring Suites Clarcona

NAP

8/22/2018

NAP

8/22/2018

NAP

Loan

Bennington Square Apartments

NAP

12/28/2018

NAP

12/27/2018

NAP

33,165

16,583

Loan

Mission Point Office

10/31/2023

NAP

9/13/2018

NAP

9/12/2018

NAP

124,499

24,900

Loan

Franklin Commons

2/29/2028

Shoe Dept Encore

10,000

6/30/2027

10/5/2018

NAP

10/8/2018

NAP

29,956

14,978

Loan

1933 North Meacham

7/31/2022

Lavelle Law

12,620

3/31/2028

10/17/2018

NAP

10/17/2018

NAP

254,167

50,833

Loan

Craig Promenade

4/30/2023

Polo Cleaners

2,600

12/31/2023

12/13/2018

Yes

12/13/2018

11/21/2018

NAP

5,916

Loan

Essex Crossing Site 6

7/31/2029

NAP

11/15/2018

NAP

11/15/2018

NAP

Loan

Church Ranch II

NAP

10/10/2018

NAP

10/10/2018

NAP

69,997

10,000

Loan

All Storage Fort Worth

NAP

10/3/2018

NAP

10/4/2018

NAP

15,240

Loan

All Storage Mayfield

NAP

10/2/2018

NAP

10/3/2018

NAP

17,393

Loan

New Albany Market

3/31/2024

Square One

3,121

9/30/2025

10/24/2018

NAP

10/24/2018

NAP

107,259

15,323

Loan

Airport Plaza

8/31/2021

Hwy 55 Burgers

2,000

10/31/2026

10/26/2018

NAP

10/26/2018

NAP

5,462

Loan

All Storage McCart

NAP

10/4/2018

NAP

10/4/2018

NAP

17,393

Loan

Weis Plaza

5/31/2022

Good Shepherd

8,050

4/30/2027

12/19/2018

NAP

12/13/2018

NAP

45,411

11,353

Loan

Storage Sense Colorado Springs

NAP

12/11/2018

NAP

12/11/2018

NAP

4,779

2,390

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Upfront Insurance Reserve ($)	Ongoing Insurance Reserve ($)	Upfront Replacement Reserve ($)	Ongoing Replacement Reserve ($)	Replacement Reserve Caps ($)	Upfront TI/LC Reserve ($)	Ongoing TI/LC Reserve ($)	TI/LC Caps ($)	Upfront Debt Service Reserve ($)	Ongoing Debt Service Reserve ($)	Upfront Deferred Maintenance Reserve ($)	Ongoing Deferred Maintenance Reserve ($)	Upfront Environmental Reserve ($)	Ongoing Environmental Reserve ($)
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	0	0	0	0	537,500	0	0	0	0	0	0	0	0	0
2	Loan	14, 15, 16	Torrance Towne Center	0	5,790	100,000	0	100,000	1,550,000	0	550,000	0	0	0	0	0	0
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	0	0	0	0	0	0	0	0	0	0	0	0	0	0
4	Loan		Heitman Life Storage Portfolio	0	0	0	0	0	0	0	0	0	0	0	0	0	0
4.01	Property		East Elliot Road
4.02	Property		FM 1431
4.03	Property		Rayford Road
4.04	Property		East Cornwallis Road
4.05	Property		McNeil Drive
4.06	Property		FM 2222
4.07	Property		South Congress Avenue
4.08	Property		Westheimer Road
4.09	Property		Shell Road
4.10	Property		Southwest Military Drive
4.11	Property		Old Denton Road
4.12	Property		West Camelback Road
5	Loan	21, 22	Albertsons Industrial - IL	0	0	0	0	0	0	0	0	0	0	0	0	0	0
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	0	0	0	5,380	175,000	2,000,000	0	2,000,000	0	0	0	0	0	0
7	Loan		Perimeter Square	0	0	0	0	0	0	0	500,000	0	0	0	0	0	0
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	0	0	0	18,543	1,112,604	0	100,000	3,000,000	0	0	0	0	0	0
9	Loan	36	Residence Inn Chula Vista	20,419	2,917	0	21,370	0	0	0	0	0	0	0	0	0	0
10	Loan	9, 37, 38	145 Clinton	0	0	0	0	0	0	0	0	0	0	0	0	0	0
11	Loan	39, 40	Vee Pak Industrial Portfolio	0	0	0	0	0	0	0	0	0	0	0	0	0	0
11.01	Property		6710 River Road
11.02	Property		5300-5320 Dansher Road
11.03	Property		5321-5331 Dansher Road
12	Loan	41, 42	Moxy Denver Cherry Creek	0	0	0	See Annex Footnote	0	0	0	0	0	0	0	0	0	0
13	Loan	43, 44	North Miami Business Park	2,181	1,090	0	0	0	0	0	0	0	0	16,738	0	0	0
14	Loan		Dublin Office Portfolio	0	0	0	5,131	0	2,000,000	24,432	3,000,000	0	0	0	0	0	0
14.01	Property		Parkwood II
14.02	Property	45	Emerald III
15	Loan	9, 46, 47	5444 & 5430 Westheimer	0	0	0	6,746	323,810	0	29,167	1,200,000	0	0	0	0	0	0
16	Loan	48, 49	PPC Flexible Packaging Portfolio	0	0	0	0	142,290	0	0	711,449	0	0	0	0	0	0
16.01	Property		PPC Payson
16.02	Property		PPC Rome
17	Loan		Life Time - Fort Worth	0	0	0	0	0	0	0	0	0	0	0	0	0	0
18	Loan	50	Mercury Drive	11,202	0	0	0	0	0	12,898	0	0	0	0	0	0	0
19	Loan	9	Albertsons Industrial - PA	0	0	0	0	0	0	0	0	0	0	0	0	0	0
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	0	0	0	12,187	0	150,000	70,680	1,700,000	0	0	155,431	0	0	0
20.01	Property		Oak Brook Gateway
20.02	Property		Cornerstone I at Cantera
21	Loan		Jefferson Grove	0	0	0	0	0	0	0	0	0	0	0	0	0	0
22	Loan	53	WoodSpring Orlando Portfolio	0	0	0	13,486	0	0	0	0	0	0	4,950	0	0	0
22.01	Property		WoodSpring Suites Clermont
22.02	Property		WoodSpring Suites Clarcona
23	Loan		Bennington Square Apartments	0	0	0	7,825	0	0	0	0	0	0	404,730	0	0	0
24	Loan	54	Mission Point Office	0	0	0	1,901	0	500,000	16,667	1,000,000	0	0	0	0	0	0
25	Loan		Franklin Commons	4,721	2,361	0	0	0	0	7,165	429,900	0	0	0	0	0	0
26	Loan	55	1933 North Meacham	0	0	0	2,369	100,000	450,000	0	350,000	0	0	0	0	0	0
27	Loan		Craig Promenade	29,316	0	0	1,351	0	0	6,755	250,000	0	0	0	0	0	0
28	Loan	56	Essex Crossing Site 6	0	0	0	0	0	0	0	0	0	0	0	0	0	0
29	Loan		Church Ranch II	1,486	743	0	1,050	63,000	0	0	0	0	0	0	0	0	0
30	Loan		All Storage Fort Worth	0	0	0	2,008	72,300	0	0	0	0	0	0	0	0	0
31	Loan		All Storage Mayfield	0	0	0	1,638	58,980	0	0	0	0	0	0	0	0	0
32	Loan		New Albany Market	0	0	0	578	34,708	0	2,083	100,000	0	0	0	0	0	0
33	Loan		Airport Plaza	2,888	1,444	0	410	25,000	100,000	2,083	150,000	0	0	0	0	0	0
34	Loan		All Storage McCart	0	0	0	1,970	70,920	0	0	0	0	0	0	0	0	0
35	Loan		Weis Plaza	0	0	0	1,923	0	0	4,807	250,000	0	0	39,369	0	0	0
36	Loan		Storage Sense Colorado Springs	8,269	919	0	305	0	0	0	0	0	0	0	0	0	0

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Upfront Other Reserve ($)	Ongoing Other Reserve ($)	Other Reserve Description	Borrower Name	Delaware Statutory Trust?
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	0	0		LSG 365 Bond Street LLC	No
2	Loan	14, 15, 16	Torrance Towne Center	87,733	0	Ground Rent Reserve	Torrance Towne Center Associates, LLC	No
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	6,792,677	0	Core and Shell Work Reserve	Wenat Realty Associates L.P.	No
4	Loan		Heitman Life Storage Portfolio	0	0		SH 7100-7111 LLC	No
4.01	Property		East Elliot Road
4.02	Property		FM 1431
4.03	Property		Rayford Road
4.04	Property		East Cornwallis Road
4.05	Property		McNeil Drive
4.06	Property		FM 2222
4.07	Property		South Congress Avenue
4.08	Property		Westheimer Road
4.09	Property		Shell Road
4.10	Property		Southwest Military Drive
4.11	Property		Old Denton Road
4.12	Property		West Camelback Road
5	Loan	21, 22	Albertsons Industrial - IL	0	0		Chicago Grocery Property LLC	No
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	20,946,954	0	Unfunded Obligations Reserve ($14,800,299.50), Restoration Hardware Reserve ($4,093,962.40), Buildings 102 and 113 Capital Expenditure Reserve ($2,000,000), Port Loan Reserve ($52,692.24)	Historic Pier 70, LLC	No
7	Loan		Perimeter Square	0	0		TKG Perimeter Square, LLC	No
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	0	0		Three Park Building LLC	No
9	Loan	36	Residence Inn Chula Vista	0	0		Centerpark Promenade Hotel, LLC	No
10	Loan	9, 37, 38	145 Clinton	1,016,150	0	Unfunded Obligations Reserve	Site 5 Commercial Owner DE LLC	No
11	Loan	39, 40	Vee Pak Industrial Portfolio	0	0		AGNL Sunscreen, L.L.C.	No
11.01	Property		6710 River Road
11.02	Property		5300-5320 Dansher Road
11.03	Property		5321-5331 Dansher Road
12	Loan	41, 42	Moxy Denver Cherry Creek	0	0		Josephine Development Owner LLC	No
13	Loan	43, 44	North Miami Business Park	0	0		NMB Partners LLC	No
14	Loan		Dublin Office Portfolio	1,772,020	0	Unfunded Obligations Reserve	DPC4 LP	No
14.01	Property		Parkwood II
14.02	Property	45	Emerald III
15	Loan	9, 46, 47	5444 & 5430 Westheimer	1,483,320	0	Free Rent Reserve ($825,329), Unfunded Obligations Reserve ($657,991)	Franklin Post Oak, Ltd.	No
16	Loan	48, 49	PPC Flexible Packaging Portfolio	0	0		NM PPC, L.L.C.	No
16.01	Property		PPC Payson
16.02	Property		PPC Rome
17	Loan		Life Time - Fort Worth	0	0		FWPAL LLC	No
18	Loan	50	Mercury Drive	0	0		North Ford Holdings LLC	No
19	Loan	9	Albertsons Industrial - PA	0	0		Lancaster Grocery Property LLC	No
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	2,908,094	0	Unfunded Obligations Reserve ($2,321,973.61), Gap Rent Reserve ($586,120.83)	Oak Brook Gateway, LLC and Cornerstone Cantera, LLC	No
20.01	Property		Oak Brook Gateway
20.02	Property		Cornerstone I at Cantera
21	Loan		Jefferson Grove	0	0		Jefferson Grove One LLC	No
22	Loan	53	WoodSpring Orlando Portfolio	0	0		Orlando VP, LLC	No
22.01	Property		WoodSpring Suites Clermont
22.02	Property		WoodSpring Suites Clarcona
23	Loan		Bennington Square Apartments	35,000	0	Excess Flood Insurance Premium Reserve	Bennington Square, Inc.	No
24	Loan	54	Mission Point Office	362,918	0	Unfunded Obligations Reserve	2601 Mission Point Blvd LLC	No
25	Loan		Franklin Commons	0	0		Franklin Commons Associates, LLC	No
26	Loan	55	1933 North Meacham	838,654	0	Unfunded Obligations Reserve	1933 Meacham Road Acquisition LLC and 5420, LLC	No
27	Loan		Craig Promenade	0	0		Craig Promenade, LLC	No
28	Loan	56	Essex Crossing Site 6	2,750,968	0	Unfunded Obligations Reserve	Site 6 CF2 Commercial LLC	No
29	Loan		Church Ranch II	327,300	0	Staples Expansion Improvement Contribution Reserve	C Ranch I, LLC, C Ranch II, LLC, C Ranch III, LLC and C Ranch IV, LLC	No
30	Loan		All Storage Fort Worth	0	0		All Storage White Settlement, Ltd.	No
31	Loan		All Storage Mayfield	0	0		All Storage Mayfield, Ltd.	No
32	Loan		New Albany Market	0	0		New Albany Market Partners LLC	No
33	Loan		Airport Plaza	21,000	0	Unfunded Obligations Reserve	Airport Plaza NC, LLC and VTMS, LLC	No
34	Loan		All Storage McCart	0	0		All Storage McCart, Ltd.	No
35	Loan		Weis Plaza	280,721	0	Unfunded Obligations Reserve	Weis Plaza, LP	No
36	Loan		Storage Sense Colorado Springs	0	0		CSGBSH CO Springs I, LLC	No

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Carve-out Guarantor	Loan Purpose
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	LSG Enterprises LLC	Refinance
2	Loan	14, 15, 16	Torrance Towne Center	Norman R. La Caze and Carole La Caze	Refinance
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	Samuel G. Weinberg	Refinance
4	Loan		Heitman Life Storage Portfolio	None	Acquisition
4.01	Property		East Elliot Road
4.02	Property		FM 1431
4.03	Property		Rayford Road
4.04	Property		East Cornwallis Road
4.05	Property		McNeil Drive
4.06	Property		FM 2222
4.07	Property		South Congress Avenue
4.08	Property		Westheimer Road
4.09	Property		Shell Road
4.10	Property		Southwest Military Drive
4.11	Property		Old Denton Road
4.12	Property		West Camelback Road
5	Loan	21, 22	Albertsons Industrial - IL	USRA Net Lease III Capital Corp.	Acquisition
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	Julian Robert Orton, III	Refinance
7	Loan		Perimeter Square	E. Stanley Kroenke	Refinance
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	Charles Steven Cohen	Refinance
9	Loan	36	Residence Inn Chula Vista	Alfred E. Baldwin and Alfred E. Baldwin, as Trustee of the A&D Baldwin Family Trust dated July 11, 1985	Refinance
10	Loan	9, 37, 38	145 Clinton	DSA Phase I Holdings LLC	Refinance
11	Loan	39, 40	Vee Pak Industrial Portfolio	AG Net Lease III Corp. and AG Net Lease III (SO) Corp.	Acquisition
11.01	Property		6710 River Road
11.02	Property		5300-5320 Dansher Road
11.03	Property		5321-5331 Dansher Road
12	Loan	41, 42	Moxy Denver Cherry Creek	Matthew Joblon and Jarrett Posner	Refinance
13	Loan	43, 44	North Miami Business Park	Kenneth Israel	Acquisition
14	Loan		Dublin Office Portfolio	Raymond Massa	Refinance
14.01	Property		Parkwood II
14.02	Property	45	Emerald III
15	Loan	9, 46, 47	5444 & 5430 Westheimer	Gulf United Investments Corporation	Refinance
16	Loan	48, 49	PPC Flexible Packaging Portfolio	New Mountain Net Lease Corporation and New Mountain Net Lease Partners Corporation	Acquisition
16.01	Property		PPC Payson
16.02	Property		PPC Rome
17	Loan		Life Time - Fort Worth	Bahram Akradi and Stuart Gary Lasher	Acquisition
18	Loan	50	Mercury Drive	Meshulam Martin	Acquisition
19	Loan	9	Albertsons Industrial - PA	USRA Net Lease III Capital Corp.	Acquisition
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	Dmitry Gordeev and Fairbridge Partners, LLC	Acquisition
20.01	Property		Oak Brook Gateway
20.02	Property		Cornerstone I at Cantera
21	Loan		Jefferson Grove	David M. Conwill, Steven B. Kimmelman and Leslie S.R. Leohr	Refinance
22	Loan	53	WoodSpring Orlando Portfolio	Philip A. Cox and Tracy Fleenor	Refinance
22.01	Property		WoodSpring Suites Clermont
22.02	Property		WoodSpring Suites Clarcona
23	Loan		Bennington Square Apartments	Syed Razzaqi	Refinance
24	Loan	54	Mission Point Office	Miller-Valentine Partners Ltd. II	Refinance
25	Loan		Franklin Commons	Robert Ridino	Acquisition
26	Loan	55	1933 North Meacham	Jason Fine, Richard Fine, David Tomlinson, Jason Litwack and Stephen L. Weaver	Refinance
27	Loan		Craig Promenade	Leon Victor Whitmore III, Joel Ryan Thompson, Rebecca M. Thompson and Lori M. Whitmore	Acquisition
28	Loan	56	Essex Crossing Site 6	DSA Phase 1 Holdings LLC	Refinance
29	Loan		Church Ranch II	Jerry J. Tepper, Nan Thorne Fogel, Jonathan O. Thorne and Betty J. Gale	Acquisition
30	Loan		All Storage Fort Worth	Jay Schuminsky	Refinance
31	Loan		All Storage Mayfield	Jay Schuminsky	Refinance
32	Loan		New Albany Market	Thomas N. Brigdon II, Tyler M. Lucks, Whitney E. Lucks and Karl Schneider	Refinance
33	Loan		Airport Plaza	Munroe L. Spivock, William J. Spivock, Visit Taveethamcharoen, Munroe L. Spivock and William J. Spivock, as Co-Trustees of the Lewis Investment Trust dated December 21, 2016, William J. Spivock, as Trustee of the WJS Revocable Trust dated September 14, 2018, Munroe L. Spivock, as Trustee of the Munroe L. Spivock Revocable Trust dated July 19, 2013 and Visit Taveethamcharoen, as Trustee of the Visit Taveethamcharoen Trust dated April 28, 2017	Acquisition
34	Loan		All Storage McCart	Jay Schuminsky	Refinance
35	Loan		Weis Plaza	Mike M. Nassimi	Refinance
36	Loan		Storage Sense Colorado Springs	George Thacker, Lawrence Charles Kaplan, and Richard Schontz	Acquisition

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Loan Amount (sources)	Principal’s New Cash Contribution (7)	Subordinate Debt	Other Sources	Total Sources	Loan Payoff	Purchase Price	Closing Costs	Reserves	Principal Equity Distribution	Other Uses	Total Uses	Lockbox	Cash Management
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	110,000,000	0	100,000,000	0	210,000,000	180,635,054	0	2,889,081	24,180	26,451,685	0	210,000,000	Hard (Tenants) / Soft (Parking Garage)	Springing
2	Loan	14, 15, 16	Torrance Towne Center	52,000,000	0	0	0	52,000,000	47,766,501	0	1,141,925	1,808,379	1,283,195	0	52,000,000	Springing	Springing
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	90,000,000	0	0	0	90,000,000	58,297,079	0	1,039,942	6,792,677	23,870,301	0	90,000,000	Springing	Springing
4	Loan		Heitman Life Storage Portfolio	45,350,000	46,092,048	0	0	91,442,048	0	91,000,000	442,048	0	0	0	91,442,048	Soft	Springing
4.01	Property		East Elliot Road
4.02	Property		FM 1431
4.03	Property		Rayford Road
4.04	Property		East Cornwallis Road
4.05	Property		McNeil Drive
4.06	Property		FM 2222
4.07	Property		South Congress Avenue
4.08	Property		Westheimer Road
4.09	Property		Shell Road
4.10	Property		Southwest Military Drive
4.11	Property		Old Denton Road
4.12	Property		West Camelback Road
5	Loan	21, 22	Albertsons Industrial - IL	41,400,000	31,621,944	53,062,500	0	126,084,444	0	124,950,000	1,134,444	0	0	0	126,084,444	Hard	In Place
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	115,000,000	0	0	0	115,000,000	65,728,818	0	1,672,536	25,214,595	22,384,051	0	115,000,000	Hard	In Place
7	Loan		Perimeter Square	35,000,000	9,924,788	0	0	44,924,788	44,445,389	0	479,399	0	0	0	44,924,788	Springing	Springing
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	182,000,000	0	0	0	182,000,000	124,865,096	0	5,527,780	3,668,201	47,938,924	0	182,000,000	Hard	Springing
9	Loan	36	Residence Inn Chula Vista	29,000,000	0	0	0	29,000,000	20,572,243	0	301,118	92,040	8,034,600	0	29,000,000	Springing	Springing
10	Loan	9, 37, 38	145 Clinton	68,200,000	0	0	0	68,200,000	28,035,340	0	1,010,837	1,016,150	38,137,673	0	68,200,000	Hard	Springing
11	Loan	39, 40	Vee Pak Industrial Portfolio	26,845,000	14,358,470	0	126,820	41,330,290	0	40,823,000	507,290	0	0	0	41,330,290	Hard	Springing
11.01	Property		6710 River Road
11.02	Property		5300-5320 Dansher Road
11.03	Property		5321-5331 Dansher Road
12	Loan	41, 42	Moxy Denver Cherry Creek	25,000,000	0	0	0	25,000,000	21,242,296	0	527,727	0	3,229,977	0	25,000,000	Hard	Springing
13	Loan	43, 44	North Miami Business Park	22,000,000	12,630,251	0	530,860	35,161,111	0	34,500,000	486,114	174,997	0	0	35,161,111	Springing	Springing
14	Loan		Dublin Office Portfolio	22,000,000	0	0	0	22,000,000	10,403,525	0	492,372	4,365,346	6,738,757	0	22,000,000	Springing	Springing
14.01	Property		Parkwood II
14.02	Property	45	Emerald III
15	Loan	9, 46, 47	5444 & 5430 Westheimer	51,000,000	0	0	0	51,000,000	23,415,549	0	561,744	2,421,860	24,600,848	0	51,000,000	Hard	Springing
16	Loan	48, 49	PPC Flexible Packaging Portfolio	19,300,000	10,053,718	0	0	29,353,718	0	29,200,000	153,718	0	0	0	29,353,718	Hard	Springing
16.01	Property		PPC Payson
16.02	Property		PPC Rome
17	Loan		Life Time - Fort Worth	19,200,000	12,910,468	0	0	32,110,468	0	32,000,000	110,468	0	0	0	32,110,468	Hard	Springing
18	Loan	50	Mercury Drive	19,000,000	7,134,722	0	0	26,134,722	0	26,000,000	123,520	11,202	0	0	26,134,722	Hard	Springing
19	Loan	9	Albertsons Industrial - PA	76,732,500	29,954,367	0	11,805,000	118,491,867	0	117,050,000	1,441,867	0	0	0	118,491,867	Hard	In Place
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	47,750,000	16,195,652	0	3,802,088	67,747,740	0	63,750,000	558,331	3,439,409	0	0	67,747,740	Springing	Springing
20.01	Property		Oak Brook Gateway
20.02	Property		Cornerstone I at Cantera
21	Loan		Jefferson Grove	14,500,000	0	0	0	14,500,000	12,160,498	0	404,299	62,339	1,872,863	0	14,500,000	None	None
22	Loan	53	WoodSpring Orlando Portfolio	13,000,000	0	0	0	13,000,000	9,031,361	0	346,865	100,130	3,521,643	0	13,000,000	Springing	Springing
22.01	Property		WoodSpring Suites Clermont
22.02	Property		WoodSpring Suites Clarcona
23	Loan		Bennington Square Apartments	12,400,000	0	0	0	12,400,000	7,449,005	0	193,193	472,895	4,284,906	0	12,400,000	Soft	Springing
24	Loan	54	Mission Point Office	11,250,000	1,673,232	0	0	12,923,232	11,533,563	0	402,252	987,417	0	0	12,923,232	Springing	Springing
25	Loan		Franklin Commons	10,050,000	5,708,109	0	0	15,758,109	0	15,450,000	273,432	34,677	0	0	15,758,109	Springing	Springing
26	Loan	55	1933 North Meacham	9,700,000	0	0	0	9,700,000	6,620,312	0	223,102	1,542,820	1,313,765	0	9,700,000	Springing	Springing
27	Loan		Craig Promenade	9,675,000	3,604,526	0	0	13,279,526	0	12,900,000	350,210	29,316	0	0	13,279,526	Hard	Springing
28	Loan	56	Essex Crossing Site 6	8,750,000	0	0	0	8,750,000	3,278,802	0	633,947	2,750,968	2,086,283	0	8,750,000	Hard	Springing
29	Loan		Church Ranch II	8,125,000	4,925,068	0	0	13,050,068	0	12,500,000	151,285	398,783	0	0	13,050,068	Springing	Springing
30	Loan		All Storage Fort Worth	7,500,000	0	0	0	7,500,000	5,164,913	0	311,920	0	2,023,167	0	7,500,000	Springing	Springing
31	Loan		All Storage Mayfield	7,000,000	0	0	0	7,000,000	5,795,624	0	314,372	0	890,004	0	7,000,000	Springing	Springing
32	Loan		New Albany Market	6,372,000	0	0	0	6,372,000	5,594,277	0	153,958	107,259	516,506	0	6,372,000	Springing	Springing
33	Loan		Airport Plaza	6,037,500	2,348,847	0	0	8,386,347	0	8,050,000	212,459	123,888	0	0	8,386,347	Springing	Springing
34	Loan		All Storage McCart	5,500,000	0	0	0	5,500,000	3,892,705	0	315,850	0	1,291,445	0	5,500,000	Springing	Springing
35	Loan		Weis Plaza	5,500,000	0	0	0	5,500,000	2,722,230	0	164,094	365,501	2,248,175	0	5,500,000	Hard	Springing
36	Loan		Storage Sense Colorado Springs	2,020,000	913,401	0	15,709	2,949,109	0	2,792,250	143,811	13,048	0	0	2,949,109	Springing	Springing

GSMS 2019-GC38 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Cash Management Triggers
1	Loan	8, 9, 10, 11, 12, 13	365 Bond	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of Borrower or Manager, (iv) the occurrence of a Mezzanine Loan Default
2	Loan	14, 15, 16	Torrance Towne Center	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event
3	Loan	9, 17, 18, 19, 20	Pace Gallery HQ	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period
4	Loan		Heitman Life Storage Portfolio	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) failure to deliver financial statements as required in the Loan Agreement
4.01	Property		East Elliot Road
4.02	Property		FM 1431
4.03	Property		Rayford Road
4.04	Property		East Cornwallis Road
4.05	Property		McNeil Drive
4.06	Property		FM 2222
4.07	Property		South Congress Avenue
4.08	Property		Westheimer Road
4.09	Property		Shell Road
4.10	Property		Southwest Military Drive
4.11	Property		Old Denton Road
4.12	Property		West Camelback Road
5	Loan	21, 22	Albertsons Industrial - IL	(i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 80% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Bankruptcy action of either Albertsons Tenant or any guarantor under the Albertsons Lease, (v) the occurrence of a Tenant Vacancy Period, (vi) the occurrence of a Mezzanine Loan Default
6	Loan	9, 23, 24, 25, 26, 27, 28, 29, 30, 31	Pier 70	(i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement
7	Loan		Perimeter Square	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event
8	Loan	8, 9, 32, 33, 34, 35	3 Park Avenue	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x
9	Loan	36	Residence Inn Chula Vista	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) any period in which the Franchise Agreement or a replacement thereof is not in full force and effect
10	Loan	9, 37, 38	145 Clinton	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 5.75%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Target Tenant, Trader Joe’s Tenant or any Tenant that shall replace the Target Tenant or Trader Joe’s Tenant (x) terminates its lease, (y) vacates its space or (z) fails to extend or renew its lease
11	Loan	39, 40	Vee Pak Industrial Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period
11.01	Property		6710 River Road
11.02	Property		5300-5320 Dansher Road
11.03	Property		5321-5331 Dansher Road
12	Loan	41, 42	Moxy Denver Cherry Creek	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.35x, (iii) failure to deliver financial statements as required in the Loan Agreement
13	Loan	43, 44	North Miami Business Park	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period
14	Loan		Dublin Office Portfolio	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 9.0%, (iii) the occurrence of a Rollover Trigger Event
14.01	Property		Parkwood II
14.02	Property	45	Emerald III
15	Loan	9, 46, 47	5444 & 5430 Westheimer	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure of Sponsor to maintain net worth and liquidity above the respective thresholds, (v) the occurrence of a Rollover Trigger Event
16	Loan	48, 49	PPC Flexible Packaging Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Bankruptcy action of either Master Tenant, (v) the occurrence of a Go-Dark Event
16.01	Property		PPC Payson
16.02	Property		PPC Rome
17	Loan		Life Time - Fort Worth	(i) the occurrence of an Event of Default, (ii) failure to deliver financial statements as required in the Loan Agreement, (iii) the occurrence of a Critical Tenant Trigger Event and failure to deposit cash or a Letter of Credit with a face amount equal to the Critical Tenant Reserve Deposit Amount
18	Loan	50	Mercury Drive	(i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 90% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Period, (v) the Indebtedness is not paid in full by the Initial Maturity Date
19	Loan	9	Albertsons Industrial - PA	(i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 80% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) Bankruptcy action of either Albertsons Tenant or any guarantor under the Albertsons Lease, (v) the occurrence of a Tenant Vacancy Period
20	Loan	8, 9, 51, 52	Fairbridge Office Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x
20.01	Property		Oak Brook Gateway
20.02	Property		Cornerstone I at Cantera
21	Loan		Jefferson Grove	(i) the occurrence of an Event of Default, (ii) commencing in January 2020, DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Deferred Maintenance Trigger Event
22	Loan	53	WoodSpring Orlando Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.35x, (iii) failure to deliver financial statements as required in the Loan Agreement
22.01	Property		WoodSpring Suites Clermont
22.02	Property		WoodSpring Suites Clarcona
23	Loan		Bennington Square Apartments	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure to provide excess flood coverage and insurance for rental loss and/or business interruption due to casualty caused by flood with minimum limits of $1,000,000 within 30 days following the Closing Date
24	Loan	54	Mission Point Office	(i) the occurrence of an Event of Default, (ii) commencing in January 2020, Debt Yield is less than 8.62%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event, (v) the occurrence of a Sponsor Financial Covenant Trigger Event
25	Loan		Franklin Commons	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.9%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event, (v) the occurrence of a Shadow-Anchored Trigger Event
26	Loan	55	1933 North Meacham	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
27	Loan		Craig Promenade	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event, (v) the occurrence of an Environmental Trigger Event
28	Loan	56	Essex Crossing Site 6	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Tenant Trigger Event
29	Loan		Church Ranch II	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event
30	Loan		All Storage Fort Worth	(i) the occurrence of an Event of Default, (ii) failure to deliver financial statements as required in the Loan Agreement
31	Loan		All Storage Mayfield	(i) the occurrence of an Event of Default, (ii) failure to deliver financial statements as required in the Loan Agreement
32	Loan		New Albany Market	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
33	Loan		Airport Plaza	(i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
34	Loan		All Storage McCart	(i) the occurrence of an Event of Default, (ii) failure to deliver financial statements as required in the Loan Agreement
35	Loan		Weis Plaza	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event
36	Loan		Storage Sense Colorado Springs	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x

GSMS 2019-GC38 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Ground Lease Y/N

Ground Lease Expiration Date

Annual Ground Lease
Payment ($)

Cut-off Date Pari Passu Companion Loan Balance ($)

Cut-off Date Subordinate Companion Loan Balance ($)

Subordinate Companion Loan Interest Rate

Cut-off Date Mezzanine Debt Balance ($)

Terrorism Insurance Required

Franchise Agreement Expiration

Control Number

Loan

8, 9, 10, 11, 12, 13

365 Bond

45,000,000

100,000,000

Yes

NAP

Loan

14, 15, 16

Torrance Towne Center

Yes

3/31/2053

$923,967 plus Percentage Rent

Yes

NAP

Loan

9, 17, 18, 19, 20

Pace Gallery HQ

40,000,000

Yes

NAP

Loan

Heitman Life Storage Portfolio

Yes

NAP

4.01

Property

East Elliot Road

Yes

NAP

4.01

4.02

Property

FM 1431

Yes

NAP

4.02

4.03

Property

Rayford Road

Yes

NAP

4.03

4.04

Property

East Cornwallis Road

Yes

NAP

4.04

4.05

Property

McNeil Drive

Yes

NAP

4.05

4.06

Property

FM 2222

Yes

NAP

4.06

4.07

Property

South Congress Avenue

Yes

NAP

4.07

4.08

Property

Westheimer Road

Yes

NAP

4.08

4.09

Property

Shell Road

Yes

NAP

4.09

4.10

Property

Southwest Military Drive

Yes

NAP

4.10

4.11

Property

Old Denton Road

Yes

NAP

4.11

4.12

Property

West Camelback Road

Yes

NAP

4.12

Loan

21, 22

Albertsons Industrial - IL

53,062,500

Yes

NAP

Loan

9, 23, 24, 25, 26, 27, 28, 29, 30, 31

Pier 70

Yes

7/29/2081

See Annex Footnote

80,000,000

Yes

NAP

Loan

Perimeter Square

Yes

NAP

Loan

8, 9, 32, 33, 34, 35

3 Park Avenue

148,000,000

Yes

NAP

Loan

Residence Inn Chula Vista

Yes

10/13/2037

Loan

9, 37, 38

145 Clinton

40,000,000

Yes

NAP

Loan

39, 40

Vee Pak Industrial Portfolio

Yes

NAP

11.01

Property

6710 River Road

Yes

NAP

11.01

11.02

Property

5300-5320 Dansher Road

Yes

NAP

11.02

11.03

Property

5321-5331 Dansher Road

Yes

NAP

11.03

Loan

41, 42

Moxy Denver Cherry Creek

Yes

3/1/2115

187,614

Yes

11/1/2047

Loan

43, 44

North Miami Business Park

Yes

NAP

Loan

Dublin Office Portfolio

Yes

NAP

14.01

Property

Parkwood II

Yes

NAP

14.01

14.02

Property

Emerald III

Yes

NAP

14.02

Loan

9, 46, 47

5444 & 5430 Westheimer

30,000,000

Yes

NAP

Loan

48, 49

PPC Flexible Packaging Portfolio

Yes

NAP

16.01

Property

PPC Payson

Yes

NAP

16.01

16.02

Property

PPC Rome

Yes

NAP

16.02

Loan

Life Time - Fort Worth

Yes

NAP

Loan

Mercury Drive

Yes

NAP

Loan

Albertsons Industrial - PA

61,732,500

Yes

NAP

Loan

8, 9, 51, 52

Fairbridge Office Portfolio

32,750,000

Yes

NAP

20.01

Property

Oak Brook Gateway

Yes

NAP

20.01

20.02

Property

Cornerstone I at Cantera

Yes

NAP

20.02

Loan

Jefferson Grove

Yes

NAP

Loan

WoodSpring Orlando Portfolio

Yes

5/16/2035

22.01

Property

WoodSpring Suites Clermont

Yes

5/16/2035

22.01

22.02

Property

WoodSpring Suites Clarcona

Yes

5/16/2035

22.02

Loan

Bennington Square Apartments

Yes

NAP

Loan

Mission Point Office

Yes

NAP

Loan

Franklin Commons

Yes

NAP

Loan

1933 North Meacham

Yes

NAP

Loan

Craig Promenade

Yes

NAP

Loan

Essex Crossing Site 6

Yes

NAP

Loan

Church Ranch II

Yes

NAP

Loan

All Storage Fort Worth

Yes

NAP

Loan

All Storage Mayfield

Yes

NAP

Loan

New Albany Market

Yes

NAP

Loan

Airport Plaza

Yes

NAP

Loan

All Storage McCart

Yes

NAP

Loan

Weis Plaza

Yes

NAP

Loan

Storage Sense Colorado Springs

Yes

NAP

Footnotes to Annex A-1

(1)	The Administrative Cost Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC^® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.

(2)	The monthly debt service shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.

(3)	The open period is inclusive of the Maturity Date or Anticipated Repayment Date.

(4)	Underwritten NCF DSCR is calculated based on amortizing debt service payments (except for interest-only loans).

(5)	Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.

(6)	The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease.

(7)	If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.

(8)	The lockout period will be at least 26 payment dates beginning with and including the first payment date of January 2019. For the purpose of this prospectus, the assumed lockout period of 26 payment dates is based on the expected GSMS 2019-GC38 securitization closing date in February 2019. The actual lockout period may be longer.

(9)	The Mortgage Loan is part of a whole loan structure. Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD, Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow and Loan Per Unit calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, but excluding any related Subordinate Companion Loans.

(10)	On each Due Date during the continuance of a DSCR Trigger Period or during the continuance of an event of default under the Whole Loan, the borrower is required to fund a replacement reserve in an amount equal to approximately $8,958. A DSCR Trigger Period has been continuing since origination. As of the origination of the Whole Loan, the debt service coverage ratio (as calculated under the loan documents) of the Whole Loan and the Mezzanine Loans was approximately 1.14x. A “DSCR Trigger Period” means each period commencing when the DSCR (as calculated under the loan documents) of the Whole Loan and the Mezzanine Loans, based on the trailing three-month period as of any date of determination, is less than 1.15x, and ending when the DSCR (as calculated under the loan documents) of the Whole Loan and the Mezzanine Loans, for the two consecutive calendar quarters immediately preceding the date of determination based upon the trailing three-month period immediately preceding such date of determination, is at least 1.15x (provided there is no continuing event of default under the Whole Loan or any Mezzanine Loan).

(11)	On each business day during the continuance of a Trigger Period, all amounts in the lockbox account are required to be remitted to a lender-controlled cash management account. A DSCR Trigger Period has been continuing since origination. As of the origination of the Whole Loan, the debt service coverage ratio (as calculated under the loan documents) of the Whole Loan and the Mezzanine Loans was approximately 1.14x. A “Trigger Period” means each period (i) during the continuation of an event of default under the Whole Loan or a Mezzanine Loan, (ii) commencing upon any bankruptcy or similar insolvency proceeding with respect to the property manager, and ending when the borrower replaces the property manager (if such replacement occurs within 60 days of such bankruptcy action), (iii) from and after any bankruptcy or similar insolvency proceeding with respect to the borrower, and (iv) during the continuance of a DSCR Trigger Period.

(12)	Concurrently with the origination of the Whole Loan, (i) Goldman Sachs Bank USA made a mezzanine loan with an Original and Cut-off Date Balance of $70,000,000 (the “Mezzanine A Loan”), and (ii) 365 Mezz Funding LLC made a mezzanine loan with an Original and Cut-off Date Balance of $30,000,000 (the “Mezzanine B Loan”,

	and together with the Mezzanine A Loan, the “Mezzanine Loans”). The Mezzanine A Loan has an interest rate of 5.7000% per annum and the Mezzanine B Loan has an interest rate of 8.0000% per annum and are coterminous with the Whole Loan.

(13)	The Mortgaged Property includes two small retail spaces, which are occupied by Gowanus Dredger’s Canoe Club and D’Amico Coffee, and account for approximately 0.5% of in-place rents.

(14)	On each Due Date, the borrower is required to deposit into the (i) tax reserve account an Ongoing RE Tax Reserve amount equal to one-twelfth of the property taxes that the lender reasonably estimates will be payable during the next ensuing 12 months, except for any portion of property taxes that the Kohl’s Department Store (GL) tenant is paying, (ii) insurance reserve account an Ongoing Insurance Reserve amount equal to one-twelfth (one-eleventh for the first year) of the insurance premiums that the lender reasonably estimates will be payable during the next ensuing 12 months (or the next ensuing 11 months for the first year), (iii) ground rent reserve account an Ongoing Other Reserve amount equal to one-twelfth of the ground rents that the lender reasonably estimates will be payable during the next ensuing 12 months, unless the borrower is paying the ground rent (in which case, the borrower will be required to maintain on reserve an amount equal to one month of ground rent), (iv) TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $16,580, unless the amount contained in such reserve is equal to at least $550,000 (excluding termination proceeds), (v) replacement reserve account an Ongoing Replacement Reserve amount of approximately $4,421 (or $2,826 for so long as the Rollover Tenant is required to pay for all capital expenditures relating to its premises and there is no continuing event of default under the Loan or any lease with a Rollover Tenant), unless the amount contained in such reserve is equal to at least $100,000. A “Rollover Tenant” means (i) Kohl’s Department Stores, Inc. and (ii) any successor tenant to the Kohl’s Department Stores, Inc. leased premises.

(15)	The Largest Tenant, Kohl’s Department Store (GL), is a sub-ground lease tenant. The City of Torrance owns the land and the tenant owns the improvements.

(16)	The Phase I environmental report recommended a limited Phase II environmental report at the Mortgaged Property. In lieu of a Phase II environmental report, the lender required the borrower to obtain environmental insurance at origination with per occurrence and aggregate limits of $3,000,000 and an initial term of 13 years.

(17)	The lockout period will be at least 24 payment dates beginning with and including the first payment date of March 2019. For the purpose of this prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2019-GC38 securitization closing date in February 2019. The actual lockout period may be longer.

(18)	The Mortgaged Property was built in 2018, therefore no historical information is available.

(19)	The Appraised Value represents the prospective market value upon stabilization as of May 1, 2019 which assumes that the interior build-out of the space is completed for The Pace Gallery HQ Property. At origination, the lender reserved $6,792,677.38 for the estimated outstanding costs related to the interior build out. The borrower sponsor posted a $19,000,000 letter of credit, which is released upon the lender’s receipt of evidence that Pace Gallery LLC has completed its interior build out and a TCO has been issued for the entire Property. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio are calculated based upon the Appraised Value of $180,000,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the “as-is” appraised value of $170,000,000, are both 52.9%.

(20)	The sole tenant at the Mortgaged Property, The Pace Gallery LLC, began paying rent on December 15, 2018, but is not yet in occupancy of its space. The Pace Gallery LLC is expected to take occupancy of its space in May 2019 after the interior build out is completed.

(21)	Commencing on the Anticipated Repayment Date, the interest rate increases to greater of (i) the interest rate that was otherwise applicable to such note or note component prior to the Anticipated Repayment Date plus 300 basis points, (ii) 6.8600%, and (iii) the 5-year swap rate as of two business days prior to the Anticipated Repayment Date plus 414 basis points.

(22)	Concurrently with the origination of the Albertsons Industrial - IL Loan, (i) Goldman Sachs Mortgage Company made a mezzanine loan with an Original and Cut-off Date Balance of $40,467,500 (the “Albertsons Industrial - IL Mezzanine A Loan”), and (ii) CF Albertsons Chicago, LLC made a mezzanine loan with an Original and Cut-off Date Balance of $12,595,000 (the “Albertsons Industrial - IL Mezzanine B Loan”, and together with the Albertsons Industrial - IL Mezzanine A Loan, the “Albertsons Industrial - IL Mezzanine Loans”). The Albertsons Industrial - IL Mezzanine A Loan carries an interest rate of (i) prior to the ARD, 6.2500% per annum and (ii) from and after the ARD, the greater of (a) 9.2500% and (b) the rate for U.S. dollar swaps with a five-year maturity,

	as of two business days prior to the ARD, plus 6.3300% per annum. The Albertsons Industrial - IL Mezzanine B Loan carries an interest rate of (i) prior to the ARD, 7.7500% per annum and (ii) from and after the ARD, the greater of (a) 11.7400% and (b) the rate for U.S. dollar swaps with a five-year maturity, as of two business days prior to the ARD, plus 8.8200% per annum.

(23)	The Appraised Value represents the “as-is” Appraised Value of the Mortgaged Property. The Cut-off Date LTV Ratio is calculated on the basis of such “as-is” Appraised Value. The LTV Ratio at Maturity / ARD is calculated on the basis of the “as stabilized” Appraised Value, which assumes the stabilized operation of the Mortgaged Property including completion of unfunded obligations less the net present value of the minimum rent ground lease payments.

(24)	The Whole Loan is structured with a hard lockbox. The borrower is required to direct the tenants (other than the tenants leasing space that is subject to the master lease) to pay rent directly to a lender-controlled lockbox account and the borrower is required to cause all cash revenues relating to the Mortgaged Property (including rents received from the master tenant under the master lease) and all other money received by the borrower or the property manager with respect to the Mortgaged Property (other than (i) tenant security deposits required to be held in escrow accounts and (ii) amounts due to the master tenant under the leases relating to space that is subject to the master lease) to be deposited into such lockbox account or a lender-controlled cash management account within one business day of receipt.

(25)	The Mortgaged Property is subject to a ground lease that commenced on July 29, 2015, expires on July 29, 2081, and has no extension options. The borrower is required to pay the following amounts under the ground lease, among other things: (i) on each payment date beginning on the Developer Equity Repayment Date, an amount equal to 50% of any remaining revenues and payments received by the borrower from the Mortgaged Property (provided that while the master lease is in place, rents from the master tenant are disregarded and the revenues and payments received by the master tenant less operating expenses are included instead) after subtracting out operating expenses, debt service payments due under the Whole Loan and the Port Loan and any parking tax payable to the City of San Francisco (the “Participation Rent”) and (ii) on each payment date beginning on the 10th anniversary of the Developer Equity Repayment Date, an amount equal to $16,667, adjusted based on the consumer price index every five years (the “Minimum Rent”). Minimum Rent will not be due under the ground lease for any month in which Participation Rent due for such month is greater than the amount of Minimum Rent that would be due for such month.

(26)	For tenants with multiple lease expirations, the expiration date associated with the largest square footage is shown.

(27)	The Second Largest Tenant, JUUL, subleases 46,002 SF from Tea Collection. The sublease expires in September 2022. JUUL has executed a direct lease with respect to such space, which will commence in October 2022, following the expiration of the Tea Collection lease.

(28)	The Second Largest Tenant, JUUL, which leases approximately 19.0% of NRA (including the below expansion space), has executed a lease for a 14,323 SF (approximately 4.4% of NRA) expansion space, with respect to which JUUL is not anticipated to take occupancy and begin paying rent until April 2019. The Third Largest Tenant, Restoration Hardware, which leases approximately 17.3% of NRA, has executed a lease and is paying rent, but is not anticipated to take occupancy of its 55,950 SF space until January 2020. Restoration Hardware’s space is under construction and anticipated to be completed in December 2019. The Fourth Largest Tenant, Gusto, which leases approximately 15.7% of NRA, has executed a lease for 1,089 SF (approximately 0.3% of NRA), with respect to which Gusto has executed a lease and is paying rent, but is not anticipated to take occupancy until June 2019.

(29)	On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $2,000,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $40,352.

(30)	The borrower will be required to fund (i) with respect to the Participation Rent, on each payment date beginning on the date at which the developer recoups their equity and achieves an initial return on investment (the “Developer Equity Repayment Date”) and (ii) with respect to the Minimum Rent, on each payment date beginning on the 10th anniversary of the Developer Equity Repayment Date, the ground rent reserve in a monthly amount equal to 1/12 of the applicable amount of ground rent that the lender reasonably estimates will be payable during the next ensuing 12 months.

(31)	On or prior to the date that is the earlier to occur of (i) June 1, 2024 or (ii) 90 days prior to the fifth anniversary of the date on which the last historic building is placed in service for purposes of Section 47(b) of the Internal Revenue Code, either (i) the borrower will be required to either escrow, or provide a letter of credit equal to, an amount equal to $1,018,323 (or such larger amount as the lender determines in good faith is the estimated price of the Put Option) or (ii) all amounts in the cash management account in excess of debt service, operating expenses and required reserves (other than the major tenant and excess cash flow reserves) will be reserved in the Put Option reserve (subject to a cap of $1,018,323 or such larger amount as the lender determines in good faith is the estimated price of the Put Option).

(32)	The Largest Tenant, Houghton Mifflin Harcourt, leases 101,421 SF of space that expires on December 31, 2027 and 400 SF of space that expires on May 31, 2019. The Fourth Largest Tenant, Return Path, Inc., leases 23,280 SF of space that expires on July 31, 2025 and 22,722 SF of space that expires on February 29, 2020.

(33)	(i) On each Due Date on which the balance in the TI/LC reserve is below $2,000,000, the borrower is required to deposit an amount equal to $100,000; (ii) on each Due Date on which the balance in the TI/LC reserve is equal to or greater than $2,000,000 and below $3,000,000, the borrower is required to deposit a monthly amount equal to $50,000 and (iii) if the balance in the TI/LC reserve account is equal to or greater than $3,000,000, the borrower is not required to make monthly deposits in to the TI/LC reserve account.

(34)	The borrower is required under the related loan documents to pay for and perform 100% of the unfunded landlord obligations ($1,523,458) and deferred maintenance ($28,500, which is the estimated cost according to the engineering report) at the Mortgaged Property. If an event of default has occurred and is continuing, or if the borrower has breached any requirements under the loan documents, the borrower is required to deliver cash or a letter of credit to the lender in the amount that the lender determines is necessary to complete all unfunded landlord obligations, deferred maintenance and any remaining unfunded free rent obligations.

(35)	The borrower is both the ground lessee and ground lessor under a ground lease encumbering the Mortgaged Property.

(36)	The Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) for the Due Dates occurring in January 2019 through December 2019, approximately $21,370, (ii) for the Due Dates occurring in January 2020 through December 2020, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 3% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in December and (iii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in December.

(37)	The property is a mixed use building containing multifamily units on the upper floors and multi-level retail space on the lower floors. The retail portion secures the 145 Clinton Whole Loan and the multifamily portion is not collateral for the 145 Clinton Whole Loan.

(38)	The Third Largest Tenant, Time Warner Cable, has executed a lease but has not yet taken occupancy for 4,000 SF (approximately 6.0% of the net rentable area) of its leased premises or commenced paying rent. Time Warner Cable is anticipated to take occupancy at the end of February 2019 and begin paying rent in June 2019. We cannot assure you that this tenant will take occupancy or pay rent as anticipated or at all.

(39)	Vee Pak currently leases 100.0% of the space at the 6710 River Road and 5321-5331 Dansher Road mortgaged properties and 43,591 SF of the 161,591 SF available at the 5300-5320 Dansher Road mortgaged property. Vee Pak currently subleases the remaining 118,000 SF of space to MakeSpace Labs Inc. through December 2022 with one, three-year renewal option at the 5300-5320 Dansher Road Property. Prior to the acquisition of the 5300-5320 Dansher Road Property by the borrower sponsor, the Property was owned by a third party landlord who leased 43,591 SF of space to Vee Pak and 118,000 SF of space to MakeSpace Labs Inc. In order to complete the sale lease-back acquisition with respect to the 5300-5320 Dansher Road Property, Vee Pak entered into a master lease with the borrower that covers the Vee Pak Industrial Portfolio Properties. Vee Pak pays rent on the total 546,591 SF of GLA under the master lease and, in turn, directly receives rental payments from MakeSpace Labs Inc.

(40)	Due to the timing and nature of the sale lease-back transactions that occurred in connection with the origination of the Vee Pak Industrial Portfolio Loan, no historical information is available.

(41)	The Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) for the Due Dates occurring in February 2019 through January 2020, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement or the management agreement for the replacement of FF&E or (b) 1/12th of 2.0% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in December; (ii) for the Due Dates which occur in February 2020 through January 2021, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement and the management agreement for the replacement of FF&E or (b) 1/12th of 3.0% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in December; and (iii) thereafter, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4.0% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in December.

(42)	With respect to the Most Recent financials, the Mortgaged Property had offline rooms due to water damage between December 2017 and September 2018, for which the borrower received business interruption insurance proceeds.

(43)	The Mortgaged Property is comprised of 191,840 SF of small bay industrial space, which accounts for 89.4% of NRA and 90.3% of underwritten base rent, and 22,728 SF of self storage space, which accounts for 10.6% of NRA and 9.7% of underwritten base rent.

(44)	20.3% of total SF is leased to MTM tenants at the Mortgaged Property, accounting for 22.5% of adjusted base rent.

(45)	The Fifth Largest Tenant, ClearChoice Management Services, LLC, has not executed a lease and has not yet taken occupancy or begun paying rent. ClearChoice Management Services, LLC is anticipated to execute its lease in February 2019, take occupancy and begin paying rent in August 2019. We cannot assure you that this tenant will take occupancy or pay rent as anticipated or at all.

(46)	If on July 1, 2022, the balance of funds on deposit in the TI/LC reserve account (such amount, the “2022 TI/LC Balance”) is less than $1,200,000, beginning on the payment date occurring in July 2022, and on each subsequent payment date occurring during the remainder of calendar year 2022 (through and including the payment date occurring in December 2022), in lieu of depositing $29,167, the borrower is required to deposit into the TI/LC reserve account, in equal monthly installments, an amount equal to 1/6th of the difference between the 2022 TI/LC Balance and $1,200,000. For the avoidance of doubt, beginning with the payment date occurring in January 2023, and on each payment date thereafter, the borrower will recommence deposits of $29,167.

(47)	The Second Largest Tenant, AECOM Technology Corp, subleases 28,621 SF to Fiesta Mart and 19,615 SF to Swagger Media and Versa Creative Group.

(48)	The Replacement Reserve Cap is calculated as the product of (x) $0.30 times (y) the aggregate number of rentable square feet then contained in the Mortgaged Properties. As of the Cut-off Date, the aggregate number of rentable square feet is 474,299.

(49)	The TI/LC Cap is calculated as the product of (x) $1.50 times (y) the aggregate number of rentable square feet then contained in the Mortgaged Properties. As of the Cut-off Date, the aggregate number of rentable square feet is 474,299.

(50)	Commencing on the Due Date that occurs on the initial Maturity Date, the interest rate increases to the greater of (i) the interest rate plus 300 basis points or (ii) the swap rate as of the initial Maturity Date plus 513 basis points.

(51)	The TI/LC Caps ($) will be $1,700,000 commencing on the Due Date in January 2021.

(52)	On each Due Date, the borrower is required to deposit $70,680 into the Ongoing TI/LC Reserve ($) account commencing on the First Due Date in January 2019 through the Due Date occurring in December 2020. On the Due Date occurring in January 2021 and thereafter, the borrower is required to deposit $38,553 into the Ongoing TI/LC Reserve ($) account.

(53)	The Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) $13,486 for the Due Dates which occur in November 2018 through October 2019 and (ii) thereafter, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4.0% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in September.

(54)	The borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to (i) on the Due Date in December 2018 and on each Due Date thereafter through and including the Due Date in November 2019, $16,667, (ii) on the Due Date in December 2019 and on each Due Date thereafter through and including the Due Date in November 2020, $12,500, and (iii) on the Due Date in December 2020 and on each Due Date thereafter, $8,333.

(55)	On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $350,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $12,500.

(56)	The total SF at the Mortgaged Property includes a 5,647 SF management office, for which no rent is attributable, and is not listed as a tenant.

GS Mortgage Securities Corp Ii FWPFree writing prospectus