_____________________________________________
Sent: Monday, February 09, 2015 1:53 PM
Subject: GSMS 2015-GC28 -- New Issue Announcement (Public)(external)
GSMS 2015-GC28 -- New Issue Announcement (Public)(external)
$805.06mm Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Goldman, Sachs & Co. and Citigroup Global Markets Inc.
Co-Managers: Cantor Fitzgerald & Co., Deutsche Bank Securities and Drexel Hamilton, LLC
| | | | | | | Cum NOI |
| Class | Moody's/KBRA/DBRS | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
| A-1 | Aaa(sf)/AAA(sf)/AAA(sf) | 35.865 | 2.66 | 30.000% | 47.1% | 15.3% |
| A-2 | Aaa(sf)/AAA(sf)/AAA(sf) | 136.986 | 4.88 | 30.000% | 47.1% | 15.3% |
| A-3 | Aaa(sf)/AAA(sf)/AAA(sf) | 8.225 | 6.87 | 30.000% | 47.1% | 15.3% |
| A-4 | Aaa(sf)/AAA(sf)/AAA(sf) | 180.000 | 9.78 | 30.000% | 47.1% | 15.3% |
| A-5 | Aaa(sf)/AAA(sf)/AAA(sf) | 224.609 | 9.87 | 30.000% | 47.1% | 15.3% |
| A-AB | Aaa(sf)/AAA(sf)/AAA(sf) | 53.795 | 7.40 | 30.000% | 47.1% | 15.3% |
| A-S | Aa1(sf)/AAA(sf)/AAA(sf) | 57.097 | 9.87 | 23.750% | 51.3% | 14.0% |
| B | Aa3(sf)/AA(sf)/AA(sf) | 43.393 | 9.87 | 19.000% | 54.5% | 13.2% |
| C | NR/A-(sf)/A(low)(sf) | 65.090 | 9.87 | 11.875% | 59.3% | 12.1% |
| | | | | | | |
| X-A | Aa1(sf)/AAA(sf)/AAA(sf) | 696.577 | N/A | N/A | N/A | N/A |
| X-B | Aa3(sf)/AAA(sf)/AAA(sf) | 43.393 | N/A | N/A | N/A | N/A |
Collateral Summary
Initial Pool Balance: $913.544mm
Number of Mortgage Loans: 74
Number of Mortgaged Properties: 112
Average Cut-off Date Mortgage Loan Balance: 12.345mm
Weighted Average Mortgage Interest Rate: 4.3512%
Weighted Average Remaining Term to Maturity (months): 109
Weighted Average Remaining Amortization Term (months): 353
Weighted Average Cut-off Date LTV Ratio: 67.3%
Weighted Average Maturity Date LTV Ratio: 59.7%
Weighted Average Underwritten Debt Service Coverage Ratio: 1.89x
Weighted Average Debt Yield on Underwritten NOI: 10.7%
% of Mortgage Loans with Preferred Equity: 1.6%
% of Mortgaged Properties with Single Tenants: 6.2%
Property Type: 35.9% Office, 28.3% Retail, 15.0% Multifamily,
8.8% Hospitality, 3.9% Mixed Use, 3.2% Self Storage,
2.8% Senior Housing, 1.1% Industrial, 1.1% Manufactured Housing
Top 5 States: 19.3% CA, 12.3% TX, 11.9% UT, 7.7% PA, 5.9% MI
Anticipated Timing
Global Investor Call: Tue, Feb 10th
Roadshow: Tue, Feb 10th
Anticipated Pricing: Late Week of Feb 9th
Anticipated Closing: Fri, Feb 27th
Global Investor Call Details
Date: Tue, Feb 10th
Time: 2:00 PM ET
Int’l Toll Free: 719-325-4920
Passcode: 6997231
Roadshow Schedule
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel – John Adams Salon
-70 Rowes Wharf, Boston, MA
-8:30AM ET
Hartford, CT - Lunch Meeting
-Max Downtown – Private Dining Room
-185 Asylum St, Hartford, CT
-12:30PM ET
Minneapolis, MN - Breakfast Meeting
-The Marquette Hotel – Minnesota River Room
-710 Marquette Ave, Minneapolis, MN
-8:00AM CT
Third Party Passwords
Intex
Name: GS215G28
Password: 62p1svn04snj90uv
Bloomberg/Trepp
Name: GSMS 2015-GC28
Password: GSMS2015GC28
Term Sheet
Annex A
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-191331) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526 or by email to prospectus-ny@gs.com .
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED (OTHER THAN ANY STATEMENT RELATING TO THE IDENTITY OF THE LEGAL ENTITY AUTHORIZING OR SENDING THIS COMMUNICATION IN A NON-US JURISDICTION). SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
________________________________
See the http://www.gs.com/disclaimer/afg/ for important information regarding this message and your reliance on information contained in it. This message may contain information that is confidential or privileged. If you are not the intended recipient, please advise the sender immediately and delete this message. See the http://www.gs.com/disclaimer/email/ for further information on confidentiality and the risks inherent in electronic communication.
