| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-207677-03 | ||
Sent: Wednesday, November 09, 2016 11:16 AM
Subject: GSMS 2016-GS4 -- New Issue Announcement (Public)(external)
GSMS 2016-GS4 -- New Issue Announcement (Public)(external)
$903.354mm Fixed Rate CMBS Offering
Lead Manager and Sole Bookrunner: Goldman, Sachs & Co.
Co-Managers: Academy Securities, Inc., Drexel Hamilton, LLC and Morgan Stanley
| U/W NOI | ||||||
| Class | Moody's/Fitch/KBRA | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
| A-1 | Aaa(sf)/AAAsf/AAA(sf) | 31.820 | 2.83 | 30.000% | 35.6% | 18.6% |
| A-2 | Aaa(sf)/AAAsf/AAA(sf) | 201.522 | 4.90 | 30.000% | 35.6% | 18.6% |
| A-3 | Aaa(sf)/AAAsf/AAA(sf) | 175.000 | 9.66 | 30.000% | 35.6% | 18.6% |
| A-4 | Aaa(sf)/AAAsf/AAA(sf) | 267.043 | 9.84 | 30.000% | 35.6% | 18.6% |
| A-AB | Aaa(sf)/AAAsf/AAA(sf) | 43.192 | 7.17 | 30.000% | 35.6% | 18.6% |
| A-S | Aa3(sf)/AAAsf/AAA(sf) | 92.388 | 9.94 | 21.000% | 40.2% | 16.5% |
| B | NR/AA-sf/AA(sf) | 48.761 | 9.94 | 16.250% | 42.6% | 15.5% |
| C | NR/A-sf/A(sf) | 43.628 | 9.94 | 12.000% | 44.8% | 14.8% |
| Collateral Summary | |
| Initial Pool Balance: | $1,026,539,204 |
| Number of Mortgage Loans: | 33 |
| Number of Mortgaged Properties: | 95 |
| Average Cut-off Date Mortgage Loan Balance: | $31,107,249 |
| Weighted Average Mortgage Interest Rate: | 3.8237% |
| Weighted Average Remaining Term to Maturity/ARD (mos): | 107 |
| Weighted Average Remaining Amortization Term (mos): | 359 |
| Weighted Average Cut-off Date LTV Ratio: | 50.9% |
| Weighted Average Maturity/ARD Date LTV Ratio: | 44.7% |
| Weighted Average Underwritten Debt Service Coverage Ratio: | 3.04x |
| Weighted Average Debt Yield on Underwritten NOI: | 13.0% |
| % of Mortgage Loans with Mezzanine Debt: | 7.3% |
| % of Mortgage Loans with Subordinate Debt: | 26.8% |
| % of Mortgage Loans with Preferred Equity: | 17.0% |
| % of Mortgaged Properties with Single Tenants: | 19.8% |
| Property Type: | 39.0% Office, 31.6% Retail, 15.2% Industrial, 11.1% Hospitality, 2.2% Mixed Use, 0.8% Self Storage |
| Top 5 States: | 32.0% CA, 18.1% IL, 8.3% NY, 6.6% PA, 5.1% FL |
| Anticipated Timing | |
| Global Investor Call: | Thursday, November 10th |
| Anticipated Pricing: | Week of November 14th |
| Anticipated Closing: | Weds, November 30th |
| Global Investor Call Details | |
| Date: | Thursday, November 10th |
| Time: | 2:00PM ET |
| US/CAN Toll Free: | 800-289-0552 |
| Passcode: | 6189169 |
| Roadshow Schedule | |
| Wednesday, November 9th | |
| Hartford, CT - Breakfast Meeting | |
| - Max Downtown (Blue Room) | |
| - 185 Asylum St, Hartford, CT | |
| - 8:30AM ET | |
| Boston, MA – Lunch Meeting | |
| - Boston Harbor Hotel (South Atlantic Room) | |
| - 70 Rowes Wharf, Boston, MA | |
| - 12:30PM ET | |
| Thursday, November 10th | |
| Minneapolis, MN - Breakfast Meeting | |
| - The Marquette Hotel(Minnesota River Room) | |
| - 710 Marquette Ave, Minneapolis, MN | |
| - 8:00AM CT | |
Preliminary Offering Materials
Term Sheet
Annex A
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-207677) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the 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.
