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Sent: Wednesday, February 11, 2015 2:38 PM
Subject: GSMS 2015-GC28 -- Price Guidance (Public)(external)
GSMS 2015-GC28 -- Price Guidance (Public)(external)
$805.06mm Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Goldman, Sachs & Co. and Citigroup Global Markets Inc.
Co-Managers: Cantor Fitzgerald & Co., Deutsche Bank Securities and Drexel Hamilton, LLC
| Class | Moody's/KBRA/DBRS | Size($mm) | WAL(yr) | C/E | Guidance | Target $px |
| A-1 | Aaa(sf)/AAA(sf)/AAA(sf) | 35.865 | 2.66 | 30.000% | S+40a | 100-00 |
| A-2 | Aaa(sf)/AAA(sf)/AAA(sf) | 136.986 | 4.88 | 30.000% | S+61a | 103-00 |
| A-3 | Aaa(sf)/AAA(sf)/AAA(sf) | 8.225 | 6.87 | 30.000% | **Not Available** |
| A-4 | Aaa(sf)/AAA(sf)/AAA(sf) | 180.000 | 9.78 | 30.000% | **Not Available** |
| A-5 | Aaa(sf)/AAA(sf)/AAA(sf) | 224.609 | 9.87 | 30.000% | S+92a | 103-00 |
| A-AB | Aaa(sf)/AAA(sf)/AAA(sf) | 53.795 | 7.40 | 30.000% | **Not Available** |
| A-S | Aa1(sf)/AAA(sf)/AAA(sf) | 57.097 | 9.87 | 23.750% | S+135a | 103-00 |
| B | Aa3(sf)/AA(sf)/AA(sf) | 43.393 | 9.87 | 19.000% | S+155a | 103-00 |
| C | NR/A-(sf)/A(low)(sf) | 65.090 | 9.87 | 11.875% | S+225a | WAC |
| 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
Anticipated Pricing: Late Week of Feb 9th
Anticipated Closing: Fri, Feb 27th
Third Party Passwords
Intex
Name: GS215G28
Password: 62p1svn04snj90uv
Bloomberg/Trepp
Name: GSMS 2015-GC28
Password: GSMS2015GC28
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 .
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