FWP 1 n586_anxa-x3.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-191331-11
     

 

 

 

 

 
 

 

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. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the offered securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the offered securities and the underlying transaction having the characteristics described in these materials. If we determine that the above conditions are not satisfied in any material respect, we will notify you, and neither the issuer nor any of the underwriters will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. 

 

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. 333-191331) 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., Cantor Fitzgerald & Co., 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 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Footnotes   Originator   Mortgage Loan Seller   Property Name   Related Group   Crossed Group   Address   City   State   Zip Code
1   Loan   8, 9, 10   GSMC   GSMC   590 Madison Avenue   NAP   NAP   590 Madison Avenue   New York   New York   10022
2   Loan   11, 12, 13   GSMC   GSMC   South Plains Mall   NAP   NAP   5702 and 6002 Slide Road   Lubbock   Texas   79414
3   Loan   11, 14, 15, 16   GSMC   GSMC   Westin Boston Waterfront   NAP   NAP   425 Summer Street   Boston   Massachusetts   02210
4   Loan   17   CCRE, GSMC   GSMC   Element LA   NAP   NAP   1861-1933 South Bundy Drive and 12333 West Olympic Boulevard   Los Angeles   California   90025; 90064
5   Loan   11, 18, 19   GSMC   GSMC   Glenbrook Square   NAP   NAP   4201 Coldwater Road   Fort Wayne   Indiana   46805
6   Loan   11, 20, 21, 22, 23   GSMC   GSMC   Hammons Hotel Portfolio   NAP   NAP                
6.01   Property   24           Embassy Suites Concord, NC           5400 John Q Hammons Drive Northwest   Concord   North Carolina   28027
6.02   Property               Embassy Suites Murfreesboro, TN           1200 Conference Center Boulevard   Murfreesboro   Tennessee   37129
6.03   Property               Embassy Suites Norman, OK           2501 Conference Drive   Norman   Oklahoma   73069
6.04   Property               Courtyard by Marriott Dallas/Allen, TX           210 East Stacy Road   Allen   Texas   75002
6.05   Property   25           Renaissance by Marriott Phoenix/Glendale, AZ           9495 West Coyotes Boulevard, 6633 North 95th Street, 9460 Coyotes Street and 9494 West Maryland Avenue   Glendale   Arizona   85305
6.06   Property               Embassy Suites Huntsville, AL           800 Monroe Street Southwest   Huntsville   Alabama   35801
6.07   Property               Residence Inn by Marriott Kansas City, MO           10300 North Ambassador Drive   Kansas City   Missouri   64153
7   Loan       GSMC   GSMC   Deerfield Crossing   Group 1   NAP   5181 and 5191 Natorp Boulevard   Mason   Ohio   45040
8   Loan       CCRE   CCRE   Clover Ridge East   NAP   NAP   1445 East Evergreen Drive   Palatine   Illinois   60074
9   Loan       GSCRE   GSMC   Edgewater Crossing Apartments   NAP   NAP   204 Potters Bluff Drive   Panama City Beach   Florida   32407
10   Loan   26, 27   GSMC   GSMC   GSA Portfolio   NAP   NAP                
10.01   Property               Mobile           550 Government Street   Mobile   Alabama   36602
10.02   Property               Savannah           8 Southern Oaks Court   Savannah   Georgia   31405
10.03   Property   10           Covington           10155 Eagle Drive   Covington   Georgia   30014
10.04   Property               Nashville           120 Athens Way   Nashville   Tennessee   37228
10.05   Property               Memphis - Midtown           1330 Monroe Avenue   Memphis   Tennessee   38104
10.06   Property               Atlanta           1699 Phoenix Parkway   College Park   Georgia   30349
10.07   Property               Tallahassee           1961 Quail Grove Lane   Tallahassee   Florida   32311
10.08   Property               Elizabethtown           591 Westport Road   Elizabethtown   Kentucky   42701
10.09   Property               Greenville           2805 South Charles Boulevard   Greenville   North Carolina   27858
10.10   Property               Birmingham           1972 Gadsden Highway   Birmingham   Alabama   35235
10.11   Property               Paducah           4730 Village Square Drive   Paducah   Kentucky   42001
10.12   Property               Little Rock           1520 Riverfront Drive   Little Rock   Arkansas   72202
10.13   Property               Huntsville           4970 Research Drive Northwest   Huntsville   Alabama   35805
10.14   Property               Columbus           3577 Bluecutt Road   Columbus   Mississippi   39705
10.15   Property               Memphis - North           3602 Austin Peay Highway   Memphis   Tennessee   38128
10.16   Property               Frankfort           140 Flynn Avenue   Frankfort   Kentucky   40601
10.17   Property               Henderson           858 South Beckford Drive   Henderson   North Carolina   27536
10.18   Property               Gadsden           204 Enterprise Drive   Gadsden   Alabama   35904
10.19   Property               Bessemer           5475 Academy Way   Bessemer   Alabama   35022
10.20   Property               Richmond           1060 Gibson Bay Drive   Richmond   Kentucky   40475
10.21   Property               Tullahoma           717 Kings Lane   Tullahoma   Tennessee   37388
10.22   Property               Fairhope           101 Courthouse Drive   Fairhope   Alabama   36532
10.23   Property               Lawrenceburg           109 East Taylor Street   Lawrenceburg   Tennessee   38464
10.24   Property               Moss Point           6000 Highway 63   Moss Point   Mississippi   39563
11   Loan   11   GSMC   GSMC   Pine Creek Shopping Center   NAP   NAP   650 Freeman Lane   Grass Valley   California   95949
12   Loan       CCRE   CCRE   Bernal Plaza   NAP   NAP   105-125 Bernal Road   San Jose   California   95119
13   Loan   11, 28, 29, 30, 31   GSMC   GSMC   DoubleTree Hotel Universal   NAP   NAP   5780 Major Boulevard   Orlando   Florida   32819
14   Loan   32   GSMC   GSMC   Lake Forest Place   Group 1   NAP   4445 Lake Forest Drive   Blue Ash   Ohio   45242
15   Loan   11   GSMC   GSMC   East Viking Plaza   NAP   NAP   306-421 Viking Plaza Drive   Cedar Falls   Iowa   50613
16   Loan       CCRE   CCRE   Latham Crossing & Crossroads Plaza   NAP   NAP   601 Troy Schenectady Road and 801 Loudon Road   Latham   New York   12110
17   Loan       GSMC   GSMC   Firewheel Plaza Shopping Center   Group 2   NAP   3001, 3003 and 3171 North President George Bush Turnpike and 1 Naaman Road   Garland   Texas   75040
18   Loan       GSMC   GSMC   Country Creek Commons   NAP   NAP   4820-4978 North Adams Road   Rochester   Michigan   48306
19   Loan   11   GSMC   GSMC   Homewood Suites Charlotte   NAP   NAP   12030 Copper Way   Charlotte   North Carolina   28277
20   Loan       GSMC   GSMC   TownePlace Suites Redding   NAP   NAP   2180 Larkspur Lane   Redding   California   96002
21   Loan       GSMC   GSMC   Extra Space Storage Gaithersburg   NAP   NAP   18830 Woodfield Road   Gaithersburg   Maryland   20879
22   Loan       CCRE   CCRE   City Plaza I, II & III   NAP   NAP   902, 1205 and 1214 East University Drive   Granger   Indiana   46530
23   Loan       GSMC   GSMC   Walkers Village Shopping Center   NAP   NAP   111 Walkers Village Way   Walkersville   Maryland   21793
24   Loan       CCRE   CCRE   Shaw’s Littleton, NH   NAP   NAP   625 Meadow Street   Littleton   New Hampshire   03561
25   Loan       GSMC   GSMC   StorQuest Super Space   NAP   NAP   10815 Double R Boulevard   Reno   Nevada   89521
26   Loan       CCRE   CCRE   Carthay Circle Garden Plaza   NAP   NAP   955 Carrillo Drive   Los Angeles   California   90048
27   Loan       CCRE   CCRE   Fort Howard Square   Group 3   NAP   410 South Columbia Avenue   Rincon   Georgia   31326
28   Loan       GSMC   GSMC   All Storage Paloma Creek   Group 2   NAP   26740 East University Drive   Little Elm   Texas   76227
29   Loan   33   GSMC   GSMC   Riverwalk Shopping Center   NAP   NAP   315 Riverside Parkway   Rome   Georgia   30161
30   Loan       CCRE   CCRE   Conyers Crossing   Group 3   NAP   1485-1527 Highway 138 Northeast   Conyers   Georgia   30013
31   Loan   34   CCRE   CCRE   1300 West Belmont   NAP   NAP   1300 West Belmont Avenue   Chicago   Illinois   60657
32   Loan   11   GSMC   GSMC   Shops at Eagle Point   Group 2   NAP   1521 North Custer Road   McKinney   Texas   75071
33   Loan   35   CCRE   CCRE   Berryland Shopping Center   NAP   NAP   145 West Pine Street   Ponchatoula   Louisiana   70454
34   Loan       CCRE   CCRE   Newell Apartments   NAP   NAP   19-21, 23, 25 and 27 Caldwell Street   Boston   Massachusetts   02129
35   Loan       GSMC   GSMC   Park Plaza Shopping Center   NAP   NAP   12975 Park Boulevard   Seminole   Florida   33776
36   Loan       CCRE   CCRE   Farrell-Roeh MHC Portfolio   NAP   NAP                
36.01   Property               Bayview Estates           400 South Harkless Drive   Syracuse   Indiana   46567
36.02   Property               Eagles Nest Estates           877 East Highway 6   Ligonier   Indiana   46767
37   Loan       GSMC   GSMC   Fiesta Plaza   NAP   NAP   7520 South Rural Road   Tempe   Arizona   85283
38   Loan       CCRE   CCRE   CVS Homosassa   NAP   NAP   3959 South Suncoast Boulevard   Homosassa   Florida   34448
39   Loan       CCRE   CCRE   Wagon Trail Industrial   NAP   NAP   4255 A-B, 4385 Wagon Trail Avenue   Las Vegas   Nevada   89118

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   General Property Type   Detailed Property Type   Year Built   Year Renovated   Units, Pads, Rooms, Sq Ft, Beds   Unit Description   Loan Per Unit ($)   Ownership Interest   Original Balance ($)   Cut-off Date Balance ($)
1   Loan   Office   CBD   1981   2014   1,035,003   SF   356.87   Fee Simple   100,000,000   100,000,000
2   Loan   Retail   Super Regional Mall   1972   2015   983,517   SF   203.35   Fee Simple   70,000,000   70,000,000
3   Loan   Hospitality   Full Service   2006   NAP   793   Rooms   258,511.98   Leasehold   70,000,000   70,000,000
4   Loan   Office   General Suburban   1947, 1949, 1950, 1953   2013-2015   284,037   SF   591.47   Fee Simple   70,000,000   70,000,000
5   Loan   Retail   Super Regional Mall   1966   1998   1,005,604   SF   161.10   Fee Simple   60,000,000   60,000,000
6   Loan                   1,869   Rooms   133,881.92       45,250,000   45,146,314
6.01   Property   Hospitality   Full Service   2007   NAP   308   Rooms       Fee Simple/Leasehold        
6.02   Property   Hospitality   Full Service   2008   NAP   283   Rooms       Fee Simple        
6.03   Property   Hospitality   Full Service   2008   NAP   283   Rooms       Fee Simple        
6.04   Property   Hospitality   Limited Service   2010   NAP   228   Rooms       Fee Simple        
6.05   Property   Hospitality   Full Service   2007   NAP   320   Rooms       Fee Simple/Leasehold        
6.06   Property   Hospitality   Full Service   2006   NAP   295   Rooms       Leasehold        
6.07   Property   Hospitality   Extended Stay   2007   2015   152   Rooms       Fee Simple        
7   Loan   Office   General Suburban   1999, 2001   NAP   320,802   SF   99.59   Fee Simple   31,950,000   31,950,000
8   Loan   Multifamily   Garden   1986   2008-2011   276   Units   114,130.43   Fee Simple   31,500,000   31,500,000
9   Loan   Multifamily   Garden   2014   NAP   266   Units   117,293.23   Fee Simple   31,200,000   31,200,000
10   Loan                   409,258   SF   133.82       27,384,375   27,384,375
10.01   Property   Office   General Suburban   2002   NAP   50,816   SF       Fee Simple        
10.02   Property   Office   General Suburban   2007   NAP   35,938   SF       Fee Simple        
10.03   Property   Office   General Suburban   2010   NAP   32,543   SF       Fee Simple        
10.04   Property   Office   General Suburban   2009   NAP   18,575   SF       Fee Simple        
10.05   Property   Office   General Suburban   2003   NAP   21,250   SF       Fee Simple        
10.06   Property   Office   General Suburban   2006   NAP   22,100   SF       Fee Simple        
10.07   Property   Office   General Suburban   2010   NAP   25,306   SF       Fee Simple        
10.08   Property   Office   General Suburban   2003   NAP   12,215   SF       Fee Simple        
10.09   Property   Office   General Suburban   2003, 2013   NAP   13,775   SF       Fee Simple        
10.10   Property   Office   General Suburban   2004   NAP   16,544   SF       Fee Simple        
10.11   Property   Office   General Suburban   2008   NAP   23,000   SF       Fee Simple        
10.12   Property   Office   General Suburban   2002   NAP   23,495   SF       Fee Simple        
10.13   Property   Office   General Suburban   2008   NAP   13,000   SF       Fee Simple        
10.14   Property   Office   General Suburban   2002   NAP   10,377   SF       Fee Simple        
10.15   Property   Office   General Suburban   2005   NAP   12,545   SF       Fee Simple        
10.16   Property   Office   General Suburban   2004   NAP   14,124   SF       Fee Simple        
10.17   Property   Office   General Suburban   2004, 2013   NAP   8,668   SF       Fee Simple        
10.18   Property   Office   General Suburban   2007   NAP   10,000   SF       Fee Simple        
10.19   Property   Office   General Suburban   2007   NAP   8,600   SF       Fee Simple        
10.20   Property   Office   General Suburban   2002   NAP   7,189   SF       Fee Simple        
10.21   Property   Office   General Suburban   2002   NAP   8,280   SF       Fee Simple        
10.22   Property   Office   General Suburban   2002   NAP   7,587   SF       Fee Simple        
10.23   Property   Office   General Suburban   2001   NAP   6,260   SF       Fee Simple        
10.24   Property   Office   General Suburban   2001   NAP   7,071   SF       Fee Simple        
11   Loan   Retail   Anchored   1988   2005   216,683   SF   119.53   Fee Simple   25,900,000   25,900,000
12   Loan   Retail   Anchored   1999-2001   2003   139,559   SF   171.97   Fee Simple   24,000,000   24,000,000
13   Loan   Hospitality   Full Service   1972   2007-2008   742   Rooms   68,658.38   Fee Simple   19,500,000   19,478,787
14   Loan   Office   General Suburban   1985   NAP   217,887   SF   85.41   Fee Simple   18,610,000   18,610,000
15   Loan   Retail   Anchored   2009-2015   NAP   147,655   SF   115.13   Fee Simple   17,000,000   17,000,000
16   Loan   Retail   Anchored   1996   NAP   100,726   SF   152.89   Fee Simple/Leasehold   15,400,000   15,400,000
17   Loan   Retail   Anchored   2007   NAP   120,421   SF   120.41   Fee Simple   14,500,000   14,500,000
18   Loan   Retail   Anchored   1999   NAP   130,412   SF   103.39   Fee Simple   13,500,000   13,483,353
19   Loan   Hospitality   Extended Stay   2014   NAP   117   Rooms   102,208.12   Fee Simple   12,000,000   11,958,350
20   Loan   Hospitality   Extended Stay   2012-2013   NAP   101   Rooms   108,118.81   Fee Simple   10,920,000   10,920,000
21   Loan   Self Storage   Self Storage   2000-2001   NAP   60,857   SF   147.89   Fee Simple   9,000,000   9,000,000
22   Loan   Retail   Unanchored   2005-2009   NAP   80,482   SF   102.51   Fee Simple   8,250,000   8,250,000
23   Loan   Retail   Anchored   1986   NAP   73,575   SF   104.66   Fee Simple   7,700,000   7,700,000
24   Loan   Retail   Single Tenant Retail   2001   NAP   54,985   SF   136.40   Fee Simple   7,500,000   7,500,000
25   Loan   Self Storage   Self Storage   2005   NAP   99,058   SF   75.51   Fee Simple   7,480,000   7,480,000
26   Loan   Office   Medical   1990   NAP   22,568   SF   321.25   Fee Simple   7,250,000   7,250,000
27   Loan   Retail   Anchored   1986   2007   113,652   SF   62.47   Fee Simple   7,100,000   7,100,000
28   Loan   Self Storage   Self Storage   2009   2013   152,875   SF   45.79   Fee Simple   7,000,000   7,000,000
29   Loan   Retail   Unanchored   2007   NAP   30,747   SF   214.66   Fee Simple   6,600,000   6,600,000
30   Loan   Retail   Anchored   1978   NAP   170,475   SF   34.96   Fee Simple   5,960,000   5,960,000
31   Loan   Office   General Suburban   1916   2004   30,710   SF   182.35   Fee Simple   5,600,000   5,600,000
32   Loan   Retail   Shadow Anchored   2007   NAP   37,616   SF   146.21   Fee Simple   5,500,000   5,500,000
33   Loan   Retail   Anchored   1977   NAP   72,747   SF   70.03   Fee Simple   5,100,000   5,094,593
34   Loan   Multifamily   Garden   2014   NAP   10   Units   490,000.00   Fee Simple   4,900,000   4,900,000
35   Loan   Retail   Anchored   1996   2003   66,656   SF   68.26   Fee Simple   4,550,000   4,550,000
36   Loan                   304   Pads   13,815.79       4,200,000   4,200,000
36.01   Property   Manufactured Housing   Manufactured Housing   1974   NAP   175   Pads       Fee Simple        
36.02   Property   Manufactured Housing   Manufactured Housing   1970   NAP   129   Pads       Fee Simple        
37   Loan   Retail   Unanchored   1985   NAP   32,400   SF   115.43   Fee Simple   3,740,000   3,740,000
38   Loan   Retail   Single Tenant Retail   2003   NAP   13,813   SF   217.19   Fee Simple   3,000,000   3,000,000
39   Loan   Industrial   Flex   2005   NAP   22,700   SF   77.01   Fee Simple   1,750,000   1,748,160

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Allocated Cut-off Date Loan Amount ($)   % of Initial Pool Balance   Balloon Balance ($)   Mortgage Loan Rate (%)   Administrative Fee Rate (%) (1)   Net Mortgage Loan Rate (%)   Monthly Debt Service ($) (2)   Annual Debt Service ($)   Pari Passu Companion Loan Monthly Debt Service ($)   Pari Passu Companion Loan Annual Debt Service ($)
1   Loan   100,000,000   12.2%   100,000,000   3.81500%   0.01102%   3.80398%   322,332.18   3,867,986.16   868,253.29   10,419,039.48
2   Loan   70,000,000   8.5%   70,000,000   4.22050%   0.01102%   4.20948%   249,615.22   2,995,382.64   463,571.12   5,562,853.44
3   Loan   70,000,000   8.5%   56,319,448   4.35800%   0.01102%   4.34698%   348,798.14   4,185,577.68   672,682.14   8,072,185.68
4   Loan   70,000,000   8.53%   70,000,000   4.59300%   0.01102%   4.58198%   271,646.18   3,259,754.16   380,304.65   4,563,655.81
5   Loan   60,000,000   7.3%   50,925,358   4.27150%   0.01102%   4.26048%   295,919.63   3,551,035.56   503,063.37   6,036,760.44
6   Loan   45,146,314   5.5%   37,148,571   4.95350%   0.01102%   4.94248%   241,627.46   2,899,529.52   1,097,602.76   13,171,233.12
6.01   Property   11,252,377                                    
6.02   Property   9,135,468                                    
6.03   Property   7,076,523                                    
6.04   Property   5,617,711                                    
6.05   Property   5,406,260                                    
6.06   Property   4,561,434                                    
6.07   Property   2,096,541                                    
7   Loan   31,950,000   3.9%   27,967,131   4.49900%   0.01102%   4.48798%   161,866.97   1,942,403.64        
8   Loan   31,500,000   3.8%   28,988,190   4.86200%   0.03102%   4.83098%   166,452.12   1,997,425.44        
9   Loan   31,200,000   3.8%   28,581,600   4.56900%   0.01102%   4.55798%   159,367.53   1,912,410.36        
10   Loan   27,384,375   3.3%   23,053,163   4.90600%   0.02852%   4.87748%   145,436.08   1,745,232.96   145,436.08   1,745,232.96
10.01   Property   3,787,500                                    
10.02   Property   3,075,000                                    
10.03   Property   2,100,000                                    
10.04   Property   1,687,500                                    
10.05   Property   1,425,000                                    
10.06   Property   1,312,500                                    
10.07   Property   1,181,250                                    
10.08   Property   1,162,500                                    
10.09   Property   1,087,500                                    
10.10   Property   1,012,500                                    
10.11   Property   975,000                                    
10.12   Property   956,250                                    
10.13   Property   918,750                                    
10.14   Property   900,000                                    
10.15   Property   787,500                                    
10.16   Property   787,500                                    
10.17   Property   675,000                                    
10.18   Property   637,500                                    
10.19   Property   543,750                                    
10.20   Property   543,750                                    
10.21   Property   525,000                                    
10.22   Property   525,000                                    
10.23   Property   468,750                                    
10.24   Property   309,375                                    
11   Loan   25,900,000   3.2%   25,900,000   4.31000%   0.01102%   4.29898%   94,316.17   1,131,794.04        
12   Loan   24,000,000   2.9%   24,000,000   4.30050%   0.03102%   4.26948%   87,204.58   1,046,454.96        
13   Loan   19,478,787   2.4%   15,981,555   4.90000%   0.01102%   4.88898%   103,491.71   1,241,900.52   167,178.92   2,006,147.04
14   Loan   18,610,000   2.3%   16,290,088   4.49900%   0.01102%   4.48798%   94,283.08   1,131,396.96        
15   Loan   17,000,000   2.1%   14,497,587   4.44650%   0.01102%   4.43548%   85,596.94   1,027,163.28        
16   Loan   15,400,000   1.9%   13,296,685   4.91650%   0.03102%   4.88548%   81,886.43   982,637.16        
17   Loan   14,500,000   1.8%   11,493,716   3.94000%   0.01102%   3.92898%   68,724.59   824,695.08        
18   Loan   13,483,353   1.6%   10,858,119   4.34700%   0.05852%   4.28848%   67,180.74   806,168.88        
19   Loan   11,958,350   1.5%   8,824,290   4.55000%   0.05852%   4.49148%   67,040.92   804,491.04        
20   Loan   10,920,000   1.3%   8,906,375   4.75650%   0.05852%   4.69798%   57,006.68   684,080.16        
21   Loan   9,000,000   1.1%   7,944,943   4.87100%   0.01102%   4.85998%   47,606.89   571,282.68        
22   Loan   8,250,000   1.0%   6,738,510   4.80000%   0.03102%   4.76898%   43,284.89   519,418.68        
23   Loan   7,700,000   0.9%   7,034,976   4.40300%   0.04852%   4.35448%   38,572.24   462,866.88        
24   Loan   7,500,000   0.9%   6,121,726   4.77950%   0.03102%   4.74848%   39,257.02   471,084.24        
25   Loan   7,480,000   0.9%   6,857,619   4.62000%   0.01102%   4.60898%   38,435.26   461,223.12        
26   Loan   7,250,000   0.9%   7,250,000   4.81550%   0.02102%   4.79448%   29,497.72   353,972.64        
27   Loan   7,100,000   0.9%   7,100,000   4.57250%   0.03102%   4.54148%   27,429.71   329,156.52        
28   Loan   7,000,000   0.9%   5,558,766   3.99000%   0.01102%   3.97898%   33,378.73   400,544.76        
29   Loan   6,600,000   0.8%   5,355,506   4.60500%   0.01102%   4.59398%   33,854.25   406,251.00        
30   Loan   5,960,000   0.7%   5,960,000   4.67100%   0.03102%   4.63998%   23,521.51   282,258.12        
31   Loan   5,600,000   0.7%   4,719,918   4.94700%   0.03102%   4.91598%   29,880.88   358,570.56        
32   Loan   5,500,000   0.7%   4,375,495   4.04000%   0.01102%   4.02898%   26,384.83   316,617.96        
33   Loan   5,094,593   0.6%   4,194,927   5.01000%   0.03102%   4.97898%   27,409.08   328,908.96        
34   Loan   4,900,000   0.6%   4,223,809   4.85450%   0.03102%   4.82348%   25,870.27   310,443.24        
35   Loan   4,550,000   0.6%   4,550,000   4.53450%   0.07852%   4.45598%   17,432.11   209,185.32        
36   Loan   4,200,000   0.5%   3,426,848   4.76800%   0.03102%   4.73698%   21,954.78   263,457.36        
36.01   Property   3,440,000                                    
36.02   Property   760,000                                    
37   Loan   3,740,000   0.5%   3,266,350   4.40000%   0.07852%   4.32148%   18,728.46   224,741.52        
38   Loan   3,000,000   0.4%   2,417,222   4.40000%   0.03102%   4.36898%   15,022.83   180,273.96        
39   Loan   1,748,160   0.2%   1,441,057   5.04450%   0.03102%   5.01348%   9,442.03   113,304.36        

  

 
 

 

GSMS 2015-GS1 Annex A                                      
                                               
                                               
                                               
Control Number   Loan / Property Flag     Amortization Type   Interest Accrual Method   Seasoning   Original Interest-Only Period (Mos.)   Remaining Interest-Only Period (Mos.)   Original Term To Maturity (Mos.)   Remaining Term To Maturity (Mos.)   Original Amortization Term (Mos.)   Remaining Amortization Term (Mos.)   Origination Date
1   Loan     Interest Only   Actual/360   1   120   119   120   119   0   0   9/23/2015
2   Loan     Interest Only   Actual/360   0   120   120   120   120   0   0   10/23/2015
3   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/27/2015
4   Loan     Interest Only   Actual/360   0   120   120   120   120   0   0   10/9/2015
5   Loan     Interest Only, Then Amortizing   Actual/360   0   24   24   120   120   360   360   10/20/2015
6   Loan     Amortizing   Actual/360   2   0   0   120   118   360   358   8/13/2015
6.01   Property                                          
6.02   Property                                          
6.03   Property                                          
6.04   Property                                          
6.05   Property                                          
6.06   Property                                          
6.07   Property                                          
7   Loan     Interest Only, Then Amortizing   Actual/360   2   36   34   120   118   360   360   8/21/2015
8   Loan     Interest Only, Then Amortizing   Actual/360   0   60   60   120   120   360   360   10/27/2015
9   Loan     Interest Only, Then Amortizing   Actual/360   1   60   59   120   119   360   360   10/2/2015
10   Loan     Interest Only, Then Amortizing   Actual/360   0   12   12   120   120   360   360   10/13/2015
10.01   Property                                          
10.02   Property                                          
10.03   Property                                          
10.04   Property                                          
10.05   Property                                          
10.06   Property                                          
10.07   Property                                          
10.08   Property                                          
10.09   Property                                          
10.10   Property                                          
10.11   Property                                          
10.12   Property                                          
10.13   Property                                          
10.14   Property                                          
10.15   Property                                          
10.16   Property                                          
10.17   Property                                          
10.18   Property                                          
10.19   Property                                          
10.20   Property                                          
10.21   Property                                          
10.22   Property                                          
10.23   Property                                          
10.24   Property                                          
11   Loan     Interest Only   Actual/360   0   120   120   120   120   0   0   10/26/2015
12   Loan     Interest Only   Actual/360   0   120   120   120   120   0   0   10/15/2015
13   Loan     Amortizing   Actual/360   1   0   0   120   119   360   359   9/10/2015
14   Loan     Interest Only, Then Amortizing   Actual/360   2   36   34   120   118   360   360   8/21/2015
15   Loan     Interest Only, Then Amortizing   Actual/360   0   24   24   120   120   360   360   10/9/2015
16   Loan     Interest Only, Then Amortizing   Actual/360   1   24   23   120   119   360   360   10/1/2015
17   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/16/2015
18   Loan     Amortizing   Actual/360   1   0   0   120   119   360   359   9/30/2015
19   Loan     Amortizing   Actual/360   2   0   0   120   118   300   298   8/25/2015
20   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/8/2015
21   Loan     Interest Only, Then Amortizing   Actual/360   1   36   35   120   119   360   360   10/1/2015
22   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/26/2015
23   Loan     Interest Only, Then Amortizing   Actual/360   1   60   59   120   119   360   360   10/2/2015
24   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/14/2015
25   Loan     Interest Only, Then Amortizing   Actual/360   0   60   60   120   120   360   360   10/28/2015
26   Loan     Interest Only   Actual/360   0   120   120   120   120   0   0   10/22/2015
27   Loan     Interest Only   Actual/360   1   120   119   120   119   0   0   9/30/2015
28   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/13/2015
29   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/28/2015
30   Loan     Interest Only   Actual/360   1   120   119   120   119   0   0   9/30/2015
31   Loan     Interest Only, Then Amortizing   Actual/360   0   12   12   120   120   360   360   10/27/2015
32   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/26/2015
33   Loan     Amortizing   Actual/360   1   0   0   120   119   360   359   9/22/2015
34   Loan     Interest Only, Then Amortizing   Actual/360   0   24   24   120   120   360   360   10/19/2015
35   Loan     Interest Only   Actual/360   0   120   120   120   120   0   0   10/23/2015
36   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/28/2015
36.01   Property                                          
36.02   Property                                          
37   Loan     Interest Only, Then Amortizing   Actual/360   1   36   35   120   119   360   360   10/1/2015
38   Loan     Amortizing   Actual/360   0   0   0   120   120   360   360   10/21/2015
39   Loan     Amortizing   Actual/360   1   0   0   120   119   360   359   10/1/2015

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Due Date   First Due Date   Last IO Due Date   First P&I Due Date   Maturity Date   ARD (Yes / No)   Final Maturity Date   Grace Period- Late Fee   Grace Period- Default   Prepayment Provision (3)
1   Loan   1   11/1/2015   10/6/2025       10/6/2025   No       5   Later to occur of two business days following receipt of written notice or 5 days   Lockout/0_>YM or 1%/25_Defeasance or >YM or 1%/88_0%/7
2   Loan   6   12/6/2015   11/6/2025       11/6/2025   No       5   0   Lockout/24_>YM or 1%/92_0%/4
3   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       3 days grace, once per trailing 12-month period   3 days grace, once per trailing 12-month period   Lockout/24_Defeasance/92_0%/4
4   Loan   6   12/6/2015   11/6/2025       11/6/2025   No       2   0   Lockout/3_>YM or 1%/113_0%/4
5   Loan   6   12/6/2015   11/6/2017   12/6/2017   11/6/2025   No       0   3 days grace, one time during the term of the loan, other than the payment due on the Maturity Date   Lockout/24_Defeasance/92_0%/4
6   Loan   6   10/6/2015       10/6/2015   9/6/2025   No       0   0   Lockout/26_Defeasance/90_0%/4
6.01   Property                                        
6.02   Property                                        
6.03   Property                                        
6.04   Property                                        
6.05   Property                                        
6.06   Property                                        
6.07   Property                                        
7   Loan   6   10/6/2015   9/6/2018   10/6/2018   9/6/2025   No       0   0   Lockout/26_Defeasance/90_0%/4
8   Loan   6   12/6/2015   11/6/2020   12/6/2020   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
9   Loan   6   11/6/2015   10/6/2020   11/6/2020   10/6/2025   No       0   0   Lockout/25_Defeasance/91_0%/4
10   Loan   6   12/6/2015   11/6/2016   12/6/2016   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
10.01   Property                                        
10.02   Property                                        
10.03   Property                                        
10.04   Property                                        
10.05   Property                                        
10.06   Property                                        
10.07   Property                                        
10.08   Property                                        
10.09   Property                                        
10.10   Property                                        
10.11   Property                                        
10.12   Property                                        
10.13   Property                                        
10.14   Property                                        
10.15   Property                                        
10.16   Property                                        
10.17   Property                                        
10.18   Property                                        
10.19   Property                                        
10.20   Property                                        
10.21   Property                                        
10.22   Property                                        
10.23   Property                                        
10.24   Property                                        
11   Loan   6   12/6/2015   11/6/2025       11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
12   Loan   6   12/6/2015   11/6/2025       11/6/2025   No       0   0   Lockout/24_>YM or 1%/92_0%/4
13   Loan   6   11/6/2015       11/6/2015   10/6/2025   No       0   0   Lockout/25_Defeasance/91_0%/4
14   Loan   6   10/6/2015   9/6/2018   10/6/2018   9/6/2025   No       0   0   Lockout/26_Defeasance/90_0%/4
15   Loan   6   12/6/2015   11/6/2017   12/6/2017   11/6/2025   No       0   0   Lockout/24_Defeasance/91_0%/5
16   Loan   6   11/6/2015   10/6/2017   11/6/2017   10/6/2025   No       0   0   Lockout/25_Defeasance/92_0%/3
17   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
18   Loan   6   11/6/2015       11/6/2015   10/6/2025   No       0   0   Lockout/25_Defeasance/91_0%/4
19   Loan   6   10/6/2015       10/6/2015   9/6/2025   No       15   0   Lockout/26_Defeasance/90_0%/4
20   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
21   Loan   6   11/6/2015   10/6/2018   11/6/2018   10/6/2025   No       0   0   Lockout/25_Defeasance/91_0%/4
22   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/93_0%/3
23   Loan   6   11/6/2015   10/6/2020   11/6/2020   10/6/2025   No       0   0   Lockout/25_Defeasance/91_0%/4
24   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/93_0%/3
25   Loan   6   12/6/2015   11/6/2020   12/6/2020   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
26   Loan   6   12/6/2015   11/6/2025       11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
27   Loan   6   11/6/2015   10/6/2025       10/6/2025   No       0   0   Lockout/25_Defeasance/90_0%/5
28   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
29   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       5 days grace, once per calendar year   0   Lockout/24_Defeasance/92_0%/4
30   Loan   6   11/6/2015   10/6/2025       10/6/2025   No       0   0   Lockout/25_Defeasance/90_0%/5
31   Loan   6   12/6/2015   11/6/2016   12/6/2016   11/6/2025   No       0   0   Lockout/24_Defeasance/93_0%/3
32   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
33   Loan   6   11/6/2015       11/6/2015   10/6/2025   No       0   0   Lockout/25_>YM or 1%/91_0%/4
34   Loan   6   12/6/2015   11/6/2017   12/6/2017   11/6/2025   No       0   0   Lockout/24_Defeasance/93_0%/3
35   Loan   6   12/6/2015   11/6/2025       11/6/2025   No       0   0   Lockout/24_Defeasance/92_0%/4
36   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/93_0%/3
36.01   Property                                        
36.02   Property                                        
37   Loan   6   11/6/2015   10/6/2018   11/6/2018   10/6/2025   No       0   0   Lockout/25_>YM or 1%/88_0%/7
38   Loan   6   12/6/2015       12/6/2015   11/6/2025   No       0   0   Lockout/24_Defeasance/93_0%/3
39   Loan   6   11/6/2015       11/6/2015   10/6/2025   No       0   0   Lockout/25_Defeasance/91_0%/4

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   2012 EGI ($)   2012 Expenses ($)   2012 NOI ($)   2013 EGI ($)   2013 Expenses ($)   2013 NOI ($)   2014 EGI ($)   2014 Expenses ($)   2014 NOI ($)   Most Recent EGI (if past 2014) ($)
1   Loan   97,021,048   39,451,731   57,569,317   99,075,588   41,995,639   57,079,949   93,991,978   43,787,753   50,204,226   90,258,372
2   Loan   22,750,319   7,183,616   15,566,703   24,226,187   7,442,358   16,783,830   25,296,906   7,662,895   17,634,011   25,677,070
3   Loan   72,798,497   55,676,392   17,122,105   76,074,555   57,340,080   18,734,475   84,594,882   60,923,030   23,671,852   91,507,426
4   Loan   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A
5   Loan   23,460,992   9,133,988   14,327,004   22,896,113   6,815,682   16,080,431   25,070,164   8,373,167   16,696,997   25,110,462
6   Loan   92,396,782   65,109,709   27,287,073   97,727,685   68,053,370   29,674,315   102,778,243   72,019,072   30,759,171   108,129,754
6.01   Property   21,507,773   13,910,582   7,597,191   21,993,910   14,947,792   7,046,118   23,514,114   15,643,129   7,870,985   24,492,975
6.02   Property   15,666,374   9,897,067   5,769,307   17,379,671   10,398,911   6,980,760   18,348,896   11,782,797   6,566,099   18,643,322
6.03   Property   13,909,748   10,264,220   3,645,528   15,341,156   11,032,041   4,309,115   15,784,351   11,447,393   4,336,958   15,944,720
6.04   Property   8,783,575   5,670,326   3,113,249   9,352,489   5,915,768   3,436,721   9,643,192   6,209,620   3,433,572   9,848,311
6.05   Property   17,712,531   14,953,077   2,759,454   18,670,171   14,957,743   3,712,428   19,550,208   15,618,805   3,931,403   23,484,205
6.06   Property   10,612,656   7,283,540   3,329,116   10,310,602   7,438,316   2,872,286   10,909,534   7,690,323   3,219,211   10,765,161
6.07   Property   4,204,125   3,130,897   1,073,228   4,679,686   3,362,799   1,316,887   5,027,948   3,627,005   1,400,943   4,951,060
7   Loan   5,970,861   2,946,715   3,024,146   5,919,366   2,854,514   3,064,852   6,582,849   3,064,818   3,518,031   6,630,103
8   Loan   3,656,986   1,538,513   2,118,473   3,821,025   1,595,122   2,225,902   3,903,349   1,651,901   2,251,448   4,074,468
9   Loan   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   4,206,980
10   Loan   8,951,605   2,865,752   6,085,854   8,940,972   2,955,154   5,985,818   8,919,861   3,032,972   5,886,890   8,905,235
10.01   Property   1,338,665   345,431   993,234   1,274,434   371,329   903,105   1,117,514   337,652   779,861   N/A
10.02   Property   954,615   232,973   721,642   917,968   271,623   646,345   808,477   240,683   567,793   N/A
10.03   Property   676,556   151,380   525,177   686,868   127,558   559,311   686,414   202,717   483,698   N/A
10.04   Property   551,825   131,221   420,604   557,210   146,992   410,218   541,756   148,450   393,306   N/A
10.05   Property   417,667   164,556   253,111   425,642   183,418   242,224   439,241   170,639   268,602   N/A
10.06   Property   498,533   163,521   335,012   470,260   161,888   308,372   481,010   165,757   315,253   N/A
10.07   Property   477,651   179,111   298,540   485,745   159,394   326,352   483,048   172,469   310,580   N/A
10.08   Property   229,219   66,668   162,551   272,178   105,309   166,868   298,498   72,996   225,502   N/A
10.09   Property   202,193   56,502   145,690   246,303   72,409   173,894   365,932   76,446   289,486   N/A
10.10   Property   307,204   116,392   190,812   308,032   107,087   200,945   323,406   136,567   186,839   N/A
10.11   Property   368,999   99,282   269,717   369,943   109,128   260,815   334,305   111,827   222,478   N/A
10.12   Property   466,865   221,577   245,288   400,467   204,643   195,824   405,808   224,438   181,370   N/A
10.13   Property   318,781   89,519   229,262   311,951   97,593   214,358   310,892   107,928   202,964   N/A
10.14   Property   249,396   94,418   154,979   270,493   83,540   186,952   318,492   77,228   241,265   N/A
10.15   Property   265,868   112,297   153,571   266,682   112,088   154,595   272,816   122,973   149,843   N/A
10.16   Property   270,793   79,881   190,911   254,005   86,197   167,809   257,118   90,796   166,322   N/A
10.17   Property   162,327   70,672   91,655   163,273   72,505   90,768   166,100   74,864   91,236   N/A
10.18   Property   250,335   76,340   173,996   219,670   80,064   139,607   221,891   73,630   148,262   N/A
10.19   Property   208,471   71,636   136,835   198,584   64,390   134,193   199,496   79,019   120,478   N/A
10.20   Property   115,939   54,027   61,912   191,272   68,545   122,727   191,922   67,224   124,698   N/A
10.21   Property   177,007   73,157   103,850   177,908   85,017   92,891   218,695   76,756   141,939   N/A
10.22   Property   154,940   67,768   87,172   155,143   59,984   95,160   159,718   70,696   89,023   N/A
10.23   Property   135,927   56,587   79,340   162,715   42,430   120,286   163,425   46,209   117,217   N/A
10.24   Property   151,830   90,837   60,993   154,225   82,025   72,199   153,887   85,009   68,878   N/A
11   Loan   3,204,543   914,475   2,290,068   3,365,868   936,219   2,429,649   3,164,313   828,872   2,335,441   3,271,783
12   Loan   3,390,834   922,584   2,468,250   3,440,923   972,907   2,468,016   3,581,570   1,000,253   2,581,317   3,596,040
13   Loan   N/A   N/A   N/A   24,950,471   20,031,005   4,919,466   27,133,354   20,908,610   6,224,744   29,931,491
14   Loan   2,843,107   1,761,517   1,081,590   3,428,667   1,827,879   1,600,788   3,736,489   1,882,155   1,854,334   3,907,799
15   Loan   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A
16   Loan   1,978,409   516,877   1,461,532   1,977,749   525,419   1,452,330   1,979,452   509,719   1,469,733   1,938,701
17   Loan   N/A   N/A   N/A   2,360,832   625,124   1,735,708   2,347,577   698,060   1,649,518   N/A
18   Loan   2,067,651   540,437   1,527,214   2,081,846   543,272   1,538,574   2,086,350   556,316   1,530,034   2,129,909
19   Loan   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   4,010,730
20   Loan   N/A   N/A   N/A   2,208,762   1,297,813   910,948   3,082,152   1,629,473   1,452,679   3,381,589
21   Loan   925,953   374,256   551,697   949,231   361,481   587,750   996,915   315,579   681,336   1,042,056
22   Loan   1,003,106   429,248   573,858   1,016,770   507,917   508,853   1,137,978   582,328   555,650   1,218,442
23   Loan   1,137,079   292,360   844,720   1,188,362   249,203   939,158   1,148,478   273,770   874,708   1,130,446
24   Loan   698,768   15,923   682,845   701,058   25,445   675,613   701,059   17,567   683,492   N/A
25   Loan   821,978   287,196   534,782   880,203   304,330   575,873   948,494   323,498   624,996   1,020,151
26   Loan   844,598   311,304   533,295   785,922   293,351   492,571   799,120   300,949   498,171   806,402
27   Loan   1,031,569   241,938   789,631   1,046,156   227,518   818,638   1,206,230   240,325   965,905   1,139,412
28   Loan   690,971   394,066   296,905   901,964   403,647   498,317   1,042,714   426,312   616,402   1,225,625
29   Loan   892,517   241,487   651,030   915,994   226,781   689,214   925,434   231,716   693,718   932,109
30   Loan   1,244,157   314,712   929,445   1,244,560   363,017   881,544   1,192,573   337,621   854,952   1,154,007
31   Loan   842,833   290,289   552,545   872,626   315,525   557,102   909,560   334,583   574,978   907,481
32   Loan   642,750   212,098   430,652   740,468   338,411   402,056   807,702   350,550   457,153   814,291
33   Loan   602,807   133,902   468,905   499,175   128,622   370,553   550,994   140,300   410,694   586,955
34   Loan   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A
35   Loan   773,187   263,444   509,743   778,447   266,615   511,832   838,567   287,302   551,265   N/A
36   Loan   651,164   493,970   157,194   930,397   624,870   305,527   1,069,467   720,288   349,180   1,045,850
36.01   Property   433,179   325,960   107,219   554,411   350,835   203,576   661,137   405,648   255,490   636,355
36.02   Property   217,985   168,010   49,975   375,986   274,035   101,951   408,330   314,640   93,690   409,496
37   Loan   505,415   137,992   367,423   564,526   161,060   403,465   516,368   144,352   372,016   N/A
38   Loan   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   N/A   396,640
39   Loan   201,038   27,128   173,910   97,675   33,839   63,836   175,029   34,648   140,381   182,834

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Most Recent Expenses (if past 2014) ($)   Most Recent NOI (if past 2014) ($)   Most Recent NOI Date (if past 2014)   Most Recent # of months   Most Recent Description   Underwritten EGI ($)   Underwritten Expenses ($)   Underwritten Net Operating Income ($)   Debt Yield on Underwritten Net Operating Income (%)   Underwritten Replacement / FF&E Reserve ($)
1   Loan   46,241,535   44,016,837   7/31/2015   12   Trailing 12   100,780,523   46,811,636   53,968,887   14.6%   248,401
2   Loan   7,387,822   18,289,248   8/31/2015   12   Trailing 12   26,228,590   7,820,045   18,408,546   9.2%   374,056
3   Loan   63,653,982   27,853,444   9/30/2015   12   Trailing 12   91,507,426   65,021,727   26,485,700   12.9%   3,534,282
4   Loan   N/A   N/A   N/A   N/A   Not Available   18,020,236   3,787,349   14,232,887   8.5%   42,606
5   Loan   7,989,907   17,120,555   8/31/2015   12   Trailing 12   24,501,208   8,630,225   15,870,983   9.8%   271,513
6   Loan   73,864,423   34,265,331   6/30/2015   12   Trailing 12   104,481,960   73,369,148   31,112,812   12.4%   4,179,278
6.01   Property   16,068,835   8,424,140   6/30/2015   12   Trailing 12   24,560,400   16,285,563   8,274,837       982,416
6.02   Property   12,103,907   6,539,415   6/30/2015   12   Trailing 12   18,694,613   12,240,655   6,453,957       747,785
6.03   Property   11,193,839   4,750,881   6/30/2015   12   Trailing 12   15,988,462   11,403,522   4,584,940       639,538
6.04   Property   6,234,058   3,614,253   6/30/2015   12   Trailing 12   9,875,219   6,309,439   3,565,780       395,009
6.05   Property   17,058,085   6,426,120   6/30/2015   12   Trailing 12   19,603,815   15,773,194   3,830,620       784,153
6.06   Property   7,621,411   3,143,750   6/30/2015   12   Trailing 12   10,794,777   7,722,079   3,072,698       431,791
6.07   Property   3,584,288   1,366,772   6/30/2015   12   Trailing 12   4,964,674   3,634,695   1,329,979       198,587
7   Loan   3,152,966   3,477,137   7/31/2015   12   Trailing 12   6,684,156   3,178,700   3,505,456   11.0%   85,919
8   Loan   1,647,540   2,426,928   9/30/2015   12   Trailing 12   4,144,038   1,630,017   2,514,020   8.0%   85,348
9   Loan   1,591,500   2,615,480   8/31/2015   3   Annualized   4,269,800   1,519,047   2,750,753   8.8%   55,860
10   Loan   3,110,184   5,795,051   8/31/2015   12   Trailing 12   8,236,348   3,058,707   5,177,641   9.5%   160,112
10.01   Property   N/A   N/A   N/A   N/A   Not Available   1,113,699   321,699   792,000       17,277
10.02   Property   N/A   N/A   N/A   N/A   Not Available   747,219   244,806   502,413       21,203
10.03   Property   N/A   N/A   N/A   N/A   Not Available   625,646   162,142   463,504       3,254
10.04   Property   N/A   N/A   N/A   N/A   Not Available   473,093   148,649   324,444       1,672
10.05   Property   N/A   N/A   N/A   N/A   Not Available   454,206   174,987   279,219       18,063
10.06   Property   N/A   N/A   N/A   N/A   Not Available   394,384   170,662   223,722       1,989
10.07   Property   N/A   N/A   N/A   N/A   Not Available   317,912   173,505   144,407       2,024
10.08   Property   N/A   N/A   N/A   N/A   Not Available   285,788   73,530   212,258       5,985
10.09   Property   N/A   N/A   N/A   N/A   Not Available   316,340   80,406   235,935       15,153
10.10   Property   N/A   N/A   N/A   N/A   Not Available   331,044   141,479   189,565       5,625
10.11   Property   N/A   N/A   N/A   N/A   Not Available   297,985   113,401   184,584       2,530
10.12   Property   N/A   N/A   N/A   N/A   Not Available   389,669   228,607   161,062       13,392
10.13   Property   N/A   N/A   N/A   N/A   Not Available   291,333   110,408   180,925       2,340
10.14   Property   N/A   N/A   N/A   N/A   Not Available   258,133   91,989   166,144       2,906
10.15   Property   N/A   N/A   N/A   N/A   Not Available   274,134   127,378   146,756       5,394
10.16   Property   N/A   N/A   N/A   N/A   Not Available   265,982   96,114   169,867       11,299
10.17   Property   N/A   N/A   N/A   N/A   Not Available   190,269   80,504   109,765       6,501
10.18   Property   N/A   N/A   N/A   N/A   Not Available   213,655   76,901   136,753       3,800
10.19   Property   N/A   N/A   N/A   N/A   Not Available   181,259   82,031   99,228       1,806
10.20   Property   N/A   N/A   N/A   N/A   Not Available   165,005   71,826   93,179       4,313
10.21   Property   N/A   N/A   N/A   N/A   Not Available   191,811   82,869   108,942       2,981
10.22   Property   N/A   N/A   N/A   N/A   Not Available   166,287   75,301   90,987       4,249
10.23   Property   N/A   N/A   N/A   N/A   Not Available   142,836   54,602   88,234       2,254
10.24   Property   N/A   N/A   N/A   N/A   Not Available   148,661   74,913   73,749       4,101
11   Loan   847,681   2,424,103   8/31/2015   12   Trailing 12   3,561,708   960,443   2,601,265   10.0%   56,338
12   Loan   1,009,508   2,586,532   6/30/2015   12   Trailing 12   3,590,894   1,011,138   2,579,756   10.7%   27,912
13   Loan   22,067,584   7,863,907   7/31/2015   12   Trailing 12   29,931,491   21,890,963   8,040,528   15.8%   1,197,260
14   Loan   1,722,943   2,184,856   5/31/2015   12   Trailing 12   4,110,377   1,865,557   2,244,820   12.1%   58,333
15   Loan   N/A   N/A   N/A   N/A   Not Available   2,189,990   629,388   1,560,603   9.2%   13,691
16   Loan   546,660   1,392,041   7/31/2015   12   Trailing 12   1,981,965   651,455   1,330,510   8.6%   23,167
17   Loan   N/A   N/A   N/A   N/A   Not Available   2,640,107   771,331   1,868,776   12.9%   18,922
18   Loan   570,241   1,559,668   7/31/2015   12   Trailing 12   2,089,085   569,683   1,519,402   11.3%   48,252
19   Loan   2,097,011   1,913,720   7/31/2015   12   Trailing 12   4,306,063   2,370,198   1,935,865   16.2%   172,243
20   Loan   1,743,671   1,637,917   8/31/2015   12   Trailing 12   3,381,589   1,910,275   1,471,313   13.5%   135,264
21   Loan   346,715   695,341   9/30/2015   12   Trailing 12   1,080,990   353,051   727,939   8.1%   9,129
22   Loan   590,554   627,888   7/1/2015   12   Trailing 12   1,342,747   534,595   808,152   9.8%   16,096
23   Loan   309,138   821,309   7/31/2015   12   Trailing 12   1,073,530   310,544   762,986   9.9%   14,715
24   Loan   N/A   N/A   N/A   N/A   Not Available   666,006   18,320   647,686   8.6%   13,196
25   Loan   337,565   682,586   8/31/2015   12   Trailing 12   1,048,168   361,168   687,000   9.2%   14,859
26   Loan   293,843   512,559   7/31/2015   12   Trailing 12   974,290   377,332   596,958   8.2%   5,416
27   Loan   238,170   901,243   6/30/2015   12   Trailing 12   1,227,973   246,101   981,872   13.8%   22,730
28   Loan   444,433   781,192   8/31/2015   12   Trailing 12   1,261,382   495,090   766,292   10.9%   22,931
29   Loan   243,799   688,310   6/30/2015   12   Trailing 12   898,594   252,524   646,070   9.8%   6,764
30   Loan   290,068   863,939   5/31/2015   12   Trailing 12   1,120,323   377,579   742,744   12.5%   34,095
31   Loan   364,209   543,272   6/30/2015   12   Trailing 12   959,199   394,032   565,166   10.1%   6,142
32   Loan   371,981   442,310   6/30/2015   6   Annualized   950,526   299,160   651,366   11.8%   5,642
33   Loan   130,238   456,716   7/31/2015   12   Trailing 12   628,800   155,390   473,410   9.3%   14,549
34   Loan   N/A   N/A   N/A   N/A   Not Available   459,420   73,341   386,079   7.9%   2,500
35   Loan   N/A   N/A   N/A   N/A   Not Available   776,835   263,714   513,121   11.3%   10,665
36   Loan   610,182   435,669   9/30/2015   12   Trailing 12   1,045,850   638,456   407,394   9.7%   14,265
36.01   Property   341,819   294,536   9/30/2015   12   Trailing 12   636,355   363,288   273,067       8,246
36.02   Property   268,363   141,133   9/30/2015   12   Trailing 12   409,496   275,169   134,327       6,019
37   Loan   N/A   N/A   N/A   N/A   Not Available   607,623   141,731   465,892   12.5%   21,526
38   Loan   N/A   396,640   9/30/2015   12   Trailing 12   376,808   7,536   369,272   12.3%   2,763
39   Loan   26,362   156,472   8/1/2015   12   Trailing 12   210,824   40,017   170,808   9.8%   3,405

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Underwritten TI / LC ($)   Underwritten Net Cash Flow ($)   Underwritten NCF DSCR (x) (4)   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 (%)
1   Loan   0   53,720,486   3.76   14.5%   1,500,000,000   8/17/2015   NAP   NAP   24.6%   24.6%
2   Loan   597,152   17,437,338   2.04   8.7%   368,000,000   9/7/2015   399,000,000   9/1/2016   54.3%   50.1%
3   Loan   0   22,951,418   1.87   11.2%   345,000,000   10/16/2015   368,000,000   11/1/2018   59.4%   44.8%
4   Loan   284,037   13,906,245   1.78   8.3%   294,000,000   8/31/2015   NAP   NAP   57.1%   57.1%
5   Loan   748,418   14,851,052   1.55   9.2%   279,000,000   9/25/2015   286,000,000   10/1/2016   58.1%   48.1%
6   Loan   0   26,933,534   1.68   10.8%   367,320,502   Various   371,300,000   Various   68.1%   55.5%
6.01   Property   0   7,292,421           89,300,000   6/11/2015   NAP   NAP        
6.02   Property   0   5,706,173           72,500,000   6/9/2015   NAP   NAP        
6.03   Property   0   3,945,402           54,600,000   6/11/2015   NAP   NAP        
6.04   Property   0   3,170,771           43,344,314   6/11/2015   45,000,000   6/11/2017        
6.05   Property   0   3,046,468           55,200,000   6/8/2015   57,200,000   6/8/2016        
6.06   Property   0   2,640,907           36,200,000   6/9/2015   NAP   NAP        
6.07   Property   0   1,131,392           16,176,188   6/10/2015   16,500,000   6/10/2016        
7   Loan   279,780   3,139,756   1.62   9.8%   44,150,000   8/3/2015   NAP   NAP   72.4%   63.3%
8   Loan   0   2,428,673   1.22   7.7%   42,000,000   9/16/2015   NAP   NAP   75.0%   69.0%
9   Loan   0   2,694,893   1.41   8.6%   42,000,000   8/28/2015   NAP   NAP   74.3%   68.1%
10   Loan   299,294   4,718,236   1.35   8.6%   73,025,000   Various   NAP   NAP   75.0%   63.1%
10.01   Property   41,138   733,585           10,100,000   7/17/2015   NAP   NAP        
10.02   Property   30,726   450,484           8,200,000   7/20/2015   NAP   NAP        
10.03   Property   22,055   438,195           5,600,000   7/20/2015   NAP   NAP        
10.04   Property   14,194   308,578           4,500,000   7/25/2015   NAP   NAP        
10.05   Property   15,251   245,906           3,800,000   7/25/2015   NAP   NAP        
10.06   Property   19,875   201,858           3,500,000   7/20/2015   NAP   NAP        
10.07   Property   12,608   129,774           3,150,000   8/1/2015   NAP   NAP        
10.08   Property   7,664   198,608           3,100,000   7/30/2015   NAP   NAP        
10.09   Property   8,651   212,131           2,900,000   7/22/2015   NAP   NAP        
10.10   Property   12,642   171,298           2,700,000   7/29/2015   NAP   NAP        
10.11   Property   10,828   171,226           2,600,000   7/16/2015   NAP   NAP        
10.12   Property   20,080   127,590           2,550,000   7/31/2015   NAP   NAP        
10.13   Property   11,110   167,475           2,450,000   7/14/2015   NAP   NAP        
10.14   Property   6,049   157,189           2,400,000   7/28/2015   NAP   NAP        
10.15   Property   9,009   132,353           2,100,000   7/25/2015   NAP   NAP        
10.16   Property   12,070   146,498           2,100,000   7/28/2015   NAP   NAP        
10.17   Property   4,615   98,649           1,800,000   7/22/2015   NAP   NAP        
10.18   Property   8,546   124,407           1,700,000   7/14/2015   NAP   NAP        
10.19   Property   7,350   90,072           1,450,000   7/28/2015   NAP   NAP        
10.20   Property   4,843   84,022           1,450,000   7/29/2015   NAP   NAP        
10.21   Property   4,815   101,146           1,400,000   7/25/2015   NAP   NAP        
10.22   Property   6,484   80,254           1,400,000   7/17/2015   NAP   NAP        
10.23   Property   3,933   82,047           1,250,000   7/25/2015   NAP   NAP        
10.24   Property   4,756   64,892           825,000   7/27/2015   NAP   NAP        
11   Loan   88,007   2,456,921   2.17   9.5%   39,000,000   9/28/2015   40,600,000   10/1/2016   66.4%   63.8%
12   Loan   69,780   2,482,065   2.37   10.3%   40,000,000   7/17/2015   NAP   NAP   60.0%   60.0%
13   Loan   0   6,843,268   2.11   13.4%   76,000,000   7/31/2015   101,000,000   8/1/2018   56.9%   41.4%
14   Loan   184,900   2,001,587   1.77   10.8%   23,000,000   8/3/2015   NAP   NAP   75.0%   65.6%
15   Loan   73,324   1,473,588   1.43   8.7%   25,100,000   8/27/2015   26,000,000   9/1/2016   67.7%   55.8%
16   Loan   50,363   1,256,980   1.28   8.2%   20,750,000   8/20/2015   NAP   NAP   74.2%   64.1%
17   Loan   103,155   1,746,699   2.12   12.0%   25,530,000   9/3/2015   NAP   NAP   56.8%   45.0%
18   Loan   62,458   1,408,692   1.75   10.4%   19,800,000   8/28/2015   NAP   NAP   68.1%   54.8%
19   Loan   0   1,763,622   2.19   14.7%   19,900,000   7/14/2015   21,200,000   7/14/2017   60.1%   41.6%
20   Loan   0   1,336,050   1.95   12.2%   15,600,000   7/10/2015   NAP   NAP   70.0%   57.1%
21   Loan   0   718,811   1.26   8.0%   12,000,000   9/3/2015   NAP   NAP   75.0%   66.2%
22   Loan   60,362   731,694   1.41   8.9%   12,000,000   8/22/2015   12,300,000   2/22/2016   68.8%   56.2%
23   Loan   29,888   718,383   1.55   9.3%   12,400,000   8/14/2015   NAP   NAP   62.1%   56.7%
24   Loan   21,994   612,496   1.30   8.2%   10,000,000   9/9/2015   NAP   NAP   75.0%   61.2%
25   Loan   0   672,141   1.46   9.0%   11,500,000   9/4/2015   NAP   NAP   65.0%   59.6%
26   Loan   26,421   565,121   1.60   7.8%   11,800,000   7/24/2015   NAP   NAP   61.4%   61.4%
27   Loan   56,826   902,316   2.74   12.7%   12,000,000   8/4/2015   NAP   NAP   59.2%   59.2%
28   Loan   0   743,361   1.86   10.6%   12,600,000   8/31/2015   NAP   NAP   55.6%   44.1%
29   Loan   29,054   610,252   1.50   9.2%   8,900,000   8/31/2015   NAP   NAP   74.2%   60.2%
30   Loan   85,238   623,412   2.21   10.5%   10,000,000   5/21/2015   NAP   NAP   59.6%   59.6%
31   Loan   30,710   528,314   1.47   9.4%   8,000,000   5/28/2015   NAP   NAP   70.0%   59.0%
32   Loan   26,876   618,847   1.95   11.3%   8,380,000   9/4/2015   8,620,000   2/4/2016   65.6%   50.8%
33   Loan   18,186   440,674   1.34   8.6%   6,900,000   8/20/2015   7,200,000   8/20/2016   73.8%   60.8%
34   Loan   0   383,579   1.24   7.8%   7,300,000   8/18/2015   NAP   NAP   67.1%   57.9%
35   Loan   27,229   475,227   2.27   10.4%   8,600,000   9/28/2015   NAP   NAP   52.9%   52.9%
36   Loan   0   393,129   1.49   9.4%   7,070,000   9/2/2015   NAP   NAP   59.4%   48.5%
36.01   Property   0   264,821           4,810,000   9/2/2015   NAP   NAP        
36.02   Property   0   128,308           2,260,000   9/2/2015   NAP   NAP        
37   Loan   26,244   418,122   1.86   11.2%   5,700,000   8/14/2015   NAP   NAP   65.6%   57.3%
38   Loan   0   366,509   2.03   12.2%   5,900,000   8/26/2015   NAP   NAP   50.8%   41.0%
39   Loan   11,350   156,053   1.38   8.9%   2,850,000   5/26/2015   NAP   NAP   61.3%   50.6%

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Occupancy (%) (5)   Occupancy Date   ADR ($)   RevPAR ($)   Largest Tenant   Largest Tenant Sq Ft   Largest Tenant Lease Expiration (6)   Second Largest Tenant   Second Largest Tenant Sq Ft   Second Largest Tenant Lease Expiration (6)
1   Loan   77.9%   8/26/2015   NAP   NAP   IBM   121,055   6/30/2025   Crowell & Moring   100,120   2/29/2024
2   Loan   96.6%   9/30/2015   NAP   NAP   JCPenney   218,518   7/31/2017   Dillard’s Women   162,755   1/31/2017
3   Loan   76.1%   9/30/2015   242.74   184.65   NAP           NAP        
4   Loan   100.0%   10/7/2015   NAP   NAP   Riot Games   284,037   3/31/2030   NAP        
5   Loan   95.6%   8/31/2015   NAP   NAP   Macy’s   242,199   1/31/2027   JCPenney   191,671   5/31/2018
6   Loan   74.8%       130.39   97.59                        
6.01   Property   75.5%   6/30/2015   147.60   111.43   NAP           NAP        
6.02   Property   78.0%   6/30/2015   134.42   104.82   NAP           NAP        
6.03   Property   74.3%   6/30/2015   118.40   87.99   NAP           NAP        
6.04   Property   77.9%   6/30/2015   115.61   90.01   NAP           NAP        
6.05   Property   63.8%   6/30/2015   163.99   104.66   NAP           NAP        
6.06   Property   78.2%   6/30/2015   114.52   89.55   NAP           NAP        
6.07   Property   80.9%   6/30/2015   106.41   86.03   NAP           NAP        
7   Loan   93.2%   8/1/2015   NAP   NAP   Cengage Learning, Inc.   160,069   7/31/2021   General Mills Sales, Inc.   18,717   11/30/2020
8   Loan   96.0%   10/22/2015   NAP   NAP   NAP           NAP        
9   Loan   95.1%   8/24/2015   NAP   NAP   NAP           NAP        
10   Loan   91.7%       NAP   NAP                        
10.01   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Mobile   50,816   7/14/2018   NAP        
10.02   Property   100.0%   10/1/2015   NAP   NAP   Office of Disability Adjudication and Review - Savannah   17,969   6/30/2018   Pardons/Parole - Savannah   17,969   6/30/2016
10.03   Property   69.2%   10/1/2015   NAP   NAP   Office of Disability Adjudication and Review - Covington   16,543   8/31/2020   Newton Medical   5,988   8/1/2021
10.04   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Nashville   18,575   7/31/2019   NAP        
10.05   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Midtown   21,250   5/31/2020   NAP        
10.06   Property   100.0%   10/1/2015   NAP   NAP   Customs Enforcement - Atlanta   22,100   9/30/2016   NAP        
10.07   Property   50.0%   10/1/2015   NAP   NAP   Office of Disability Adjudication and Review - Tallahassee   12,653   10/31/2020   NAP        
10.08   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Elizabethtown   12,215   1/6/2023   NAP        
10.09   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Greenville   13,775   2/28/2023   NAP        
10.10   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Birmingham   16,544   4/30/2019   NAP        
10.11   Property   50.0%   10/1/2015   NAP   NAP   Office of Disability Adjudication and Review - Paducah   11,500   11/30/2018   NAP        
10.12   Property   100.0%   10/1/2015   NAP   NAP   Military Entrance Processing Station - Little Rock   23,495   5/31/2017   NAP        
10.13   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Huntsville   13,000   12/10/2017   NAP        
10.14   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Columbus   10,377   8/14/2023   NAP        
10.15   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - North   12,545   4/14/2020   NAP        
10.16   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Frankfort   14,124   8/14/2017   NAP        
10.17   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Henderson   8,668   11/18/2024   NAP        
10.18   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Gadsden   10,000   11/7/2017   NAP        
10.19   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Bessemer   8,600   7/14/2017   NAP        
10.20   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Richmond   7,189   1/22/2022   NAP        
10.21   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Tullahoma   8,280   9/30/2023   NAP        
10.22   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Fairhope   7,587   6/30/2017   NAP        
10.23   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Lawrenceburg   6,260   6/30/2022   NAP        
10.24   Property   100.0%   10/1/2015   NAP   NAP   Social Security Administration - Moss Point   7,071   2/7/2022   NAP        
11   Loan   87.0%   10/6/2015   NAP   NAP   Raley’s   60,114   4/30/2018   JCPenney   37,259   11/30/2018
12   Loan   98.3%   10/8/2015   NAP   NAP   Ross Stores   31,529   1/31/2020   Golds Gym   30,930   5/31/2019
13   Loan   85.2%   7/31/2015   91.75   78.19   NAP           NAP        
14   Loan   96.6%   8/1/2015   NAP   NAP   General Electric   55,842   9/30/2018   Schulman Associates   28,688   5/17/2019
15   Loan   94.5%   10/6/2015   NAP   NAP   Scheels (GL)   57,321   2/29/2028   Michaels   17,392   2/28/2025
16   Loan   99.7%   8/1/2015   NAP   NAP   Petsmart   27,106   1/31/2019   Staples   24,006   1/31/2022
17   Loan   90.0%   10/14/2015   NAP   NAP   Best Buy   45,000   1/31/2018   Petco   15,000   2/28/2023
18   Loan   89.2%   8/31/2015   NAP   NAP   Kroger   60,376   2/28/2019   CVS   10,880   6/30/2019
19   Loan   63.8%   7/31/2015   143.90   91.83   NAP           NAP        
20   Loan   82.9%   8/31/2015   108.74   90.11   NAP           NAP        
21   Loan   96.5%   9/30/2015   NAP   NAP   NAP           NAP        
22   Loan   85.5%   9/1/2015   NAP   NAP   Sizzle, LLC (Ruth’s Chris)   8,500   7/28/2022   Eastlake Athletic   6,788   12/14/2017
23   Loan   88.8%   8/1/2015   NAP   NAP   Safeway   38,410   10/30/2020   CVS   11,995   11/30/2025
24   Loan   100.0%   9/21/2015   NAP   NAP   Shaw’s Supermarket, Inc.   54,985   2/28/2027   NAP        
25   Loan   99.5%   8/4/2015   NAP   NAP   NAP           NAP        
26   Loan   100.0%   10/21/2015   NAP   NAP   Industry Entertainment   8,275   9/30/2018   Tao Creative, LLC   5,099   12/31/2016
27   Loan   94.9%   8/28/2015   NAP   NAP   Goody’s   23,275   1/31/2021   Fred’s   20,976   10/31/2017
28   Loan   89.9%   10/5/2015   NAP   NAP   NAP           NAP        
29   Loan   96.1%   7/16/2015   NAP   NAP   Olive Garden   7,400   7/31/2017   Las Palmas Mexican Restaurant   5,187   1/31/2023
30   Loan   99.4%   6/13/2015   NAP   NAP   Burlington Coat Factory   83,552   3/31/2019   Hobby Lobby   55,363   5/31/2020
31   Loan   98.2%   7/30/2015   NAP   NAP   Rush Medical Center   5,811   10/30/2020   Live Oak-Koff and Levy   3,776   12/31/2018
32   Loan   89.6%   10/28/2015   NAP   NAP   Ernesto’s Fine Mexican Food   3,932   4/30/2016   Leslie’s Pool Supply   3,135   12/31/2018
33   Loan   84.3%   8/12/2015   NAP   NAP   Rouses   41,577   4/30/2036   ColorTyme   7,500   10/31/2018
34   Loan   100.0%   10/1/2015   NAP   NAP   NAP           NAP        
35   Loan   100.0%   8/1/2015   NAP   NAP   Winn Dixie   61,656   10/9/2029   Sign of the Dolphin   5,000   12/31/2018
36   Loan   73.7%       NAP   NAP                        
36.01   Property   76.0%   8/26/2015   NAP   NAP   NAP           NAP        
36.02   Property   70.5%   8/26/2015   NAP   NAP   NAP           NAP        
37   Loan   89.5%   10/1/2015   NAP   NAP   Alegrias Day Care   6,000   9/30/2021   Pro Fitness Training   3,180   8/31/2018
38   Loan   100.0%   10/15/2015   NAP   NAP   CVS   13,813   11/25/2023   NAP        
39   Loan   100.0%   7/1/2015   NAP   NAP   The Nvision Companies   9,900   5/31/2018   Graphicsland   6,400   12/31/2020

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Third Largest Tenant   Third Largest Tenant Sq Ft   Third Largest Tenant Lease Expiration (6)   Fourth Largest Tenant   Fourth Largest Tenant Sq Ft   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
1   Loan   Aspen Insurance   72,327   2/29/2032   Morgan Stanley   47,996   7/31/2025   Bonhams   41,237   1/31/2025   8/27/2015
2   Loan   Dillard’s Men’s & Children   93,949   1/31/2017   Premiere Cinemas   61,796   4/30/2032   Bealls (GL)   40,000   1/31/2022   9/1/2015
3   Loan   NAP           NAP           NAP           10/21/2015
4   Loan   NAP           NAP           NAP           10/1/2015
5   Loan   Carson’s   122,000   1/31/2029   Barnes & Noble   26,889   1/31/2018   H&M   18,000   1/31/2016   10/6/2015
6   Loan                                        
6.01   Property   NAP           NAP           NAP           6/25/2015
6.02   Property   NAP           NAP           NAP           6/24/2015
6.03   Property   NAP           NAP           NAP           6/24/2015
6.04   Property   NAP           NAP           NAP           6/24/2015
6.05   Property   NAP           NAP           NAP           6/25/2015
6.06   Property   NAP           NAP           NAP           6/25/2015
6.07   Property   NAP           NAP           NAP           6/25/2015
7   Loan   Pepsico, Inc.   14,609   2/28/2019   Cisco Systems   13,131   10/31/2020   Dassault Systems Simulia Corp   11,949   9/30/2016   7/20/2015
8   Loan   NAP           NAP           NAP           10/26/2015
9   Loan   NAP           NAP           NAP           9/11/2015
10   Loan                                        
10.01   Property   NAP           NAP           NAP           9/30/2015
10.02   Property   NAP           NAP           NAP           9/28/2015
10.03   Property   NAP           NAP           NAP           9/28/2015
10.04   Property   NAP           NAP           NAP           9/24/2015
10.05   Property   NAP           NAP           NAP           9/28/2015
10.06   Property   NAP           NAP           NAP           9/28/2015
10.07   Property   NAP           NAP           NAP           9/24/2015
10.08   Property   NAP           NAP           NAP           9/25/2015
10.09   Property   NAP           NAP           NAP           9/30/2015
10.10   Property   NAP           NAP           NAP           9/23/2015
10.11   Property   NAP           NAP           NAP           9/24/2015
10.12   Property   NAP           NAP           NAP           9/28/2015
10.13   Property   NAP           NAP           NAP           9/23/2015
10.14   Property   NAP           NAP           NAP           9/29/2015
10.15   Property   NAP           NAP           NAP           9/23/2015
10.16   Property   NAP           NAP           NAP           9/25/2015
10.17   Property   NAP           NAP           NAP           9/28/2015
10.18   Property   NAP           NAP           NAP           9/24/2015
10.19   Property   NAP           NAP           NAP           9/29/2015
10.20   Property   NAP           NAP           NAP           9/24/2015
10.21   Property   NAP           NAP           NAP           9/23/2015
10.22   Property   NAP           NAP           NAP           9/24/2015
10.23   Property   NAP           NAP           NAP           9/25/2015
10.24   Property   NAP           NAP           NAP           9/24/2015
11   Loan   South Yuba Club   12,567   9/30/2016   Petco   12,000   1/31/2021   Dollar Tree   9,938   7/31/2024   9/15/2015
12   Loan   Staples   23,971   7/8/2017   Sweet Tomatoes   12,937   6/14/2019   Bernal Shell   5,600   1/31/2019   7/24/2015
13   Loan   NAP           NAP           NAP           7/28/2015
14   Loan   ADS Alliance Data Systems   28,028   12/31/2018   Sedgwick Claims Management   19,114   7/31/2018   Microsoft   15,479   1/31/2022   7/17/2015
15   Loan   Old Navy   15,000   10/31/2021   Ulta   10,023   11/30/2024   Shoe Show   5,600   3/31/2020   9/4/2015
16   Loan   KinCaid Furniture   12,000   9/30/2019   Chuck E. Cheese’s   11,350   4/30/2024   West Marine   9,420   3/31/2019   9/10/2015
17   Loan   Party City   14,020   1/31/2019   Half Price Books   8,500   3/31/2018   Ideal Dental & Orthodontics   4,000   3/31/2016   9/11/2015
18   Loan   Hallmark   6,474   2/29/2016   Snap Fitness   4,303   10/31/2020   Silverbell Restaurant   4,277   3/31/2018   8/28/2015
19   Loan   NAP           NAP           NAP           7/23/2015
20   Loan   NAP           NAP           NAP           7/16/2015
21   Loan   NAP           NAP           NAP           8/28/2015
22   Loan   Rocky River Tap & Table (Kilt)   6,346   11/28/2020   United Farm Fam Mutual Ins.   6,110   3/31/2018   Spaceman Ventures   4,999   8/27/2024   9/1/2015
23   Loan   Village Way Liquors   4,000   7/6/2025   Village Tavern   2,460   2/28/2017   Subway   1,600   9/30/2018   8/27/2015
24   Loan   NAP           NAP           NAP           9/28/2015
25   Loan   NAP           NAP           NAP           9/8/2015
26   Loan   Hollywood Vision Center   3,922   4/30/2022   Pediatrics Gems PC   2,619   10/31/2018   Performing Arts Physical Therapy   1,387   MTM   8/3/2015
27   Loan   Goodwill   20,328   3/31/2023   Dollar Tree   8,470   7/31/2018   Rue 21   5,532   1/31/2018   8/27/2015
28   Loan   NAP           NAP           NAP           9/14/2015
29   Loan   Steak N’ Shake   4,350   8/31/2027   Shane’s Rib Shack   2,400   11/30/2019   Starbucks   1,810   4/30/2017   8/31/2015
30   Loan   Rainbow   8,640   1/31/2021   Cici’s Pizza   3,825   11/30/2016   Burger King   3,820   1/17/2029   6/2/2015
31   Loan   Gary Mihalik Group, LLC   1,526   9/30/2017   Goldenview Ultrasound   1,475   12/31/2015   Lisa Oldham   1,422   12/31/2015   6/19/2015
32   Loan   Kelly Moore Paints   3,000   11/30/2025   McKinney Outdoor Power   2,800   5/31/2018   Dental One   2,600   3/16/2023   9/11/2015
33   Loan   Anytime Fitness   6,030   1/31/2021   Town Crier Sundries   2,500   2/28/2018   L.A. Nails & Spa   1,250   9/30/2016   9/15/2015
34   Loan   NAP           NAP           NAP           8/20/2015
35   Loan   NAP           NAP           NAP           10/5/2015
36   Loan                                        
36.01   Property   NAP           NAP           NAP           10/26/2015
36.02   Property   NAP           NAP           NAP           10/26/2015
37   Loan   Rural Animal Clinic   2,400   8/31/2017   Pleasant Croissants   2,310   7/31/2019   Crepe Bar   2,040   9/30/2020   8/27/2015
38   Loan   NAP           NAP           NAP           9/2/2015
39   Loan   Valley Enterprise Bldg   6,400   9/30/2018   NAP           NAP           5/26/2015

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Environmental Phase II   Environmental Phase II Report Date   Engineering Report Date   Seismic Report Date   PML or SEL (%)   Earthquake Insurance Required   Upfront RE Tax Reserve ($)   Ongoing RE Tax Reserve ($)   Upfront Insurance Reserve ($)   Ongoing Insurance Reserve ($)
1   Loan   No   NAP   9/2/2015   NAP   NAP   No   0   0   0   0
2   Loan   No   NAP   10/19/2015   NAP   NAP   No   0   0   0   0
3   Loan   No   NAP   10/21/2015   NAP   NAP   No   0   0   0   0
4   Loan   No   NAP   9/14/2015   9/14/2015   12%   No   760,000   190,000   0   0
5   Loan   No   NAP   10/6/2015   NAP   NAP   No   0   0   0   0
6   Loan                       No   3,172,482   358,585   0   0
6.01   Property   No   NAP   6/24/2015   NAP   NAP   No                
6.02   Property   No   NAP   6/24/2015   NAP   NAP   No                
6.03   Property   No   NAP   6/24/2015   NAP   NAP   No                
6.04   Property   No   NAP   6/24/2015   NAP   NAP   No                
6.05   Property   No   NAP   6/24/2015   NAP   NAP   No                
6.06   Property   No   NAP   6/24/2015   NAP   NAP   No                
6.07   Property   No   NAP   6/24/2015   NAP   NAP   No                
7   Loan   No   NAP   7/17/2015   NAP   NAP   No   0   0   0   0
8   Loan   No   NAP   9/21/2015   NAP   NAP   No   262,500   43,750   58,415   5,078
9   Loan   No   NAP   9/3/2015   NAP   NAP   No   136,032   17,004   27,091   9,307
10   Loan                       No   151,195   60,697   66,863   13,546
10.01   Property   No   NAP   9/24/2015   NAP   NAP   No                
10.02   Property   No   NAP   9/25/2015   NAP   NAP   No                
10.03   Property   No   NAP   9/25/2015   NAP   NAP   No                
10.04   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.05   Property   No   NAP   9/30/2015   9/30/2015   7%   No                
10.06   Property   No   NAP   9/21/2015   NAP   NAP   No                
10.07   Property   No   NAP   9/24/2015   NAP   NAP   No                
10.08   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.09   Property   No   NAP   9/25/2015   NAP   NAP   No                
10.10   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.11   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.12   Property   No   NAP   9/24/2015   NAP   NAP   No                
10.13   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.14   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.15   Property   No   NAP   9/30/2015   9/30/2015   6%   No                
10.16   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.17   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.18   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.19   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.20   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.21   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.22   Property   No   NAP   9/24/2015   NAP   NAP   No                
10.23   Property   No   NAP   9/30/2015   NAP   NAP   No                
10.24   Property   No   NAP   9/24/2015   NAP   NAP   No                
11   Loan   No   NAP   9/17/2015   9/25/2015   6%   No   0   0   0   0
12   Loan   Yes   9/11/2015   7/24/2015   7/24/2015   14%   No   189,333   47,333   27,153   2,468
13   Loan   No   NAP   8/14/2015   NAP   NAP   No   548,750   68,594   0   0
14   Loan   No   NAP   7/17/2015   NAP   NAP   No   0   0   0   0
15   Loan   No   NAP   9/4/2015   NAP   NAP   No   30,760   10,253   0   0
16   Loan   No   NAP   8/19/2015   NAP   NAP   No   162,776   27,129   13,587   4,529
17   Loan   No   NAP   9/15/2015   NAP   NAP   No   0   36,229   69,244   5,803
18   Loan   No   NAP   8/27/2015   NAP   NAP   No   38,833   19,417   0   0
19   Loan   No   NAP   7/24/2015   NAP   NAP   No   148,208   16,468   14,728   1,636
20   Loan   No   NAP   7/17/2015   7/16/2015   2%   No   60,215   8,602   5,964   1,988
21   Loan   No   NAP   9/10/2015   NAP   NAP   No   69,347   10,275   0   0
22   Loan   No   NAP   8/31/2015   NAP   NAP   No   25,417   25,417   13,416   1,491
23   Loan   Yes   9/28/2015   8/18/2015   NAP   NAP   No   20,760   10,380   8,550   1,710
24   Loan   No   NAP   9/22/2015   NAP   NAP   No   0   0   0   0
25   Loan   No   NAP   9/29/2015   9/1/2015   9%   No   11,607   5,803   0   0
26   Loan   No   NAP   8/3/2015   8/3/2015   11%   No   48,333   12,083   3,481   770
27   Loan   No   NAP   8/17/2015   NAP   NAP   No   6,288   6,288   18,568   1,688
28   Loan   No   NAP   9/12/2015   NAP   NAP   No   0   16,445   8,846   1,106
29   Loan   No   NAP   8/31/2015   NAP   NAP   No   6,047   6,047   4,934   449
30   Loan   Yes   8/18/2015   6/1/2015   NAP   NAP   No   17,190   17,190   22,596   2,054
31   Loan   No   NAP   6/11/2015   NAP   NAP   No   37,667   9,417   6,708   958
32   Loan   No   NAP   9/15/2015   NAP   NAP   No   0   19,776   19,009   1,602
33   Loan   No   NAP   8/25/2015   NAP   NAP   No   30,250   2,750   31,625   2,875
34   Loan   No   NAP   8/20/2015   NAP   NAP   No   3,103   3,103   7,680   1,097
35   Loan   No   NAP   10/5/2015   NAP   NAP   No   0   0   0   0
36   Loan                       No   7,334   3,667   14,756   1,341
36.01   Property   No   NAP   9/17/2015   NAP   NAP   No                
36.02   Property   No   NAP   9/17/2015   NAP   NAP   No                
37   Loan   No   NAP   8/24/2015   NAP   NAP   No   3,991   3,991   0   0
38   Loan   No   NAP   9/1/2015   NAP   NAP   No   0   0   1,727   864
39   Loan   No   NAP   5/21/2015   NAP   NAP   No   2,333   1,167   1,533   511

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   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 ($)   Ongoing Deferred Maintenance Reserve ($)
1   Loan   0   0   0   19,000,000   0   0   0   0   0   0
2   Loan   517,000   0   127,068   0   0   508,298   0   0   0   0
3   Loan   0   0   0   0   0   0   0   0   300,000   0
4   Loan   0   3,550   127,817   0   0   0   0   0   0   0
5   Loan   0   0   108,128   0   0   432,511   0   0   0   0
6   Loan   0   360,433   0   0   0   0   0   0   0   0
6.01   Property                                        
6.02   Property                                        
6.03   Property                                        
6.04   Property                                        
6.05   Property                                        
6.06   Property                                        
6.07   Property                                        
7   Loan   0   7,160   0   0   31,250   1,500,000   0   0   0   0
8   Loan   0   7,112   0   0   0   0   0   0   16,125   0
9   Loan   0   5,542   0   0   0   0   0   0   0   0
10   Loan   0   13,382   481,735   0   34,105   1,227,774   0   0   72,966   0
10.01   Property                                        
10.02   Property                                        
10.03   Property                                        
10.04   Property                                        
10.05   Property                                        
10.06   Property                                        
10.07   Property                                        
10.08   Property                                        
10.09   Property                                        
10.10   Property                                        
10.11   Property                                        
10.12   Property                                        
10.13   Property                                        
10.14   Property                                        
10.15   Property                                        
10.16   Property                                        
10.17   Property                                        
10.18   Property                                        
10.19   Property                                        
10.20   Property                                        
10.21   Property                                        
10.22   Property                                        
10.23   Property                                        
10.24   Property                                        
11   Loan   0   0   0   450,000   0   0   0   0   75,900   0
12   Loan   0   0   0   0   0   0   0   0   0   0
13   Loan   0   98,485   0   0   0   0   0   0   77,550   0
14   Loan   0   4,861   0   0   16,667   600,000   0   0   1,819,300   0
15   Loan   0   1,141   54,764   0   6,250   300,000   0   0   0   0
16   Loan   0   1,679   115,835   0   4,197   251,815   0   0   208,000   0
17   Loan   0   2,007   72,253   0   5,018   180,632   0   0   0   0
18   Loan   0   4,051   0   0   8,333   400,000   0   0   30,140   0
19   Loan   0   12,965   0   0   0   0   0   0   0   0
20   Loan   0   11,272   0   0   0   0   0   0   0   0
21   Loan   0   761   27,386   0   0   0   0   0   0   0
22   Loan   0   1,341   0   100,000   5,030   300,000   0   0   7,188   0
23   Loan   0   1,226   0   0   4,167   200,000   0   0   20,600   0
24   Loan   0   0   0   0   1,833   0   41,090   0   0   0
25   Loan   0   1,238   29,717   0   0   0   0   0   29,783   0
26   Loan   0   451   0   250,000   0   250,000   0   0   0   0
27   Loan   0   1,894   0   0   4,736   350,000   0   0   21,843   0
28   Loan   0   643   23,131   0   0   0   0   0   0   0
29   Loan   0   564   20,292   0   2,500   150,000   0   0   7,590   0
30   Loan   0   2,841   0   0   7,103   350,000   0   0   0   0
31   Loan   0   1,280   0   0   2,559   122,904   0   0   0   0
32   Loan   0   417   10,000   0   1,567   56,424   0   0   0   0
33   Loan   0   1,212   0   25,000   1,516   70,000   0   0   405,750   0
34   Loan   0   208   0   0   0   0   0   0   0   0
35   Loan   0   1,111   39,993   0   0   0   0   0   4,565   0
36   Loan   0   1,189   0   0   0   0   0   0   35,063   0
36.01   Property                                        
36.02   Property                                        
37   Loan   0   1,795   86,160   0   2,025   97,200   0   0   71,472   0
38   Loan   0   230   0   0   0   0   0   0   0   0
39   Loan   0   284   0   0   946   0   12,349   0   0   0

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Upfront Environmental Reserve ($)   Ongoing Environmental Reserve ($)   Upfront Other Reserve ($)   Ongoing Other Reserve ($)   Other Reserve Description   Borrower Name   Delaware Statutory Trust?   Carve-out Guarantor   Loan Purpose   Loan Amount (sources)
1   Loan   0   0   32,111,456   0   Unfunded Obligations Reserve   590 Madison Avenue, LLC   No   None   Refinance   369,366,000
2   Loan   0   0   0   0       Macerich South Plains LP   No   Pacific Premier Retail Trust LLC   Recapitalization   200,000,000
3   Loan   0   0   3,500,000   62,500   Plaza Reserves Holdback ($3,000,000), Ground Rent Holdback ($500,000), Monthly Ground Rent Reserve ($62,500)   DiamondRock Boston Owner, LLC and DiamondRock Boston Retail Owner, LLC   No   DiamondRock Hospitality Limited Partnership   Recapitalization   205,000,000
4   Loan   193,750   0   0   0       Hudson Element LA, LLC   No   Hudson Pacific Properties, L.P.   Refinance   168,000,000
5   Loan   0   0   0   0       GGP-Glenbrook L.L.C.   No   GGP Limited Partnership   Recapitalization   162,000,000
6   Loan   0   0   8,562,974   98,159   PIP Reserve ($5,000,000 Renaissance Glendale, AZ, $1,940,000 Courtyard Allen, TX, $950,000 Residence Inn Kansas City, MO); Upfront Ground Rent Reserve ($672,974) and Monthly Ground Rent Reserve ($98,159)   JQH-Allen Development, LLC, JQH-Concord Development, LLC, JQH-Glendale, AZ Development, LLC, Hammons of Huntsville, LLC, JQH-Kansas City Development, LLC, JQH-Murfreesboro Development, LLC and JQH-Norman Development, LLC   No   Revocable Trust of John Q. Hammons, Dated December 28, 1989, as Amended and Restated   Refinance   250,800,000
6.01   Property                                        
6.02   Property                                        
6.03   Property                                        
6.04   Property                                        
6.05   Property                                        
6.06   Property                                        
6.07   Property                                        
7   Loan   0   0   365,962   0   Unfunded Obligations Reserve   GS-A Deerfield Crossing Owner LLC   No   Blue Ash Deerfield Holdings LLC   Acquisition   31,950,000
8   Loan   0   0   0   0       Clover Ridge Associates LLC   No   Alan J. Hayman and Andrew Hayman   Acquisition   31,500,000
9   Loan   0   0   0   0       Edgewater Crossings, Ltd.   No   J. Wallace Nall, Jr., Wesley L. Burnham, Jr., J. Wallace Nall, III, Paul M. Whatley, Jr. and Robert D. Reich, Jr.   Refinance   31,200,000
10   Loan   0   0   500,000   0   Cap-X/TILC Reserve   MSDG Atlanta South, LLC, MSDG Bessemer, LLC, MSDG Birmingham, LLC, MSDG Columbus, LLC, MSDG Covington, LLC, MSDG Elizabethtown, LLC, MSDG Fairhope, LLC, MSDG Frankfort, LLC, MSDG Gadsden, LLC, MSDG Greenville, LLC, MSDG Henderson, LLC, MSDG Huntsville, LLC, MSDG Lawrenceburg, LLC, MSDG Little Rock, LLC, MSDG Memphis Midtown, LLC, MSDG Memphis North, LLC, MSDG Mobile, LLC, MSDG Moss Point, LLC, MSDG Nashville, LLC, MSDG Paducah, LLC, MSDG Richmond, LLC, MSDG Savannah, LLC, MSDG Tallahassee, LLC and MSDG Tullahoma, LLC   No   David G. Chandler and Darell Ray Pierce   Refinance   54,768,750
10.01   Property                                        
10.02   Property                                        
10.03   Property                                        
10.04   Property                                        
10.05   Property                                        
10.06   Property                                        
10.07   Property                                        
10.08   Property                                        
10.09   Property                                        
10.10   Property                                        
10.11   Property                                        
10.12   Property                                        
10.13   Property                                        
10.14   Property                                        
10.15   Property                                        
10.16   Property                                        
10.17   Property                                        
10.18   Property                                        
10.19   Property                                        
10.20   Property                                        
10.21   Property                                        
10.22   Property                                        
10.23   Property                                        
10.24   Property                                        
11   Loan   0   0   0   0       Pine Creek Owner LLC   No   ACREG Investment Holdings LLC   Acquisition   25,900,000
12   Loan   0   0   0   0       Facchino/LaBarbera Bernal Plaza DE LLC   No   Michael T. LaBarbera and Robert B. Facchino, II   Refinance   24,000,000
13   Loan   0   0   13,457,731   0   PIP Reserve   X Fund Properties LLC   No   Sagicor Real Estate X Fund Limited and X Fund Properties Limited   Acquisition   51,000,000
14   Loan   17,500   0   142,198   0   Unfunded Obligations Reserve   GS-A Lake Forest Place Owner LLC   No   Blue Ash Deerfield Holdings LLC   Acquisition   18,610,000
15   Loan   0   0   756,007   0   Unfunded Obligations Reserve ($248,338); Expansion Obligations Reserve ($428,803); New Lease Reserve ($78,866)   Midland Tarkenton, LLC   No   John I. Silverman   Refinance   17,000,000
16   Loan   0   0   7,000   0   Ground Lease Reserve   Manorgate, Inc.   No   Eugene Weiss Terminating Trust f/k/a Eugene Weiss Revocable Trust   Refinance   15,400,000
17   Loan   0   0   0   0       Firewheel Shops, LLC   No   Jay Schuminsky   Acquisition   14,500,000
18   Loan   0   0   0   0       Eagle Creek Master LLC   No   Peter K. Burton and Robert M. Katzman   Refinance   13,500,000
19   Loan   0   0   0   0       Tara of Ballantyne LLC   No   Pratapkumar B. Patel, Yogendrakumar H. Patel and Hasmukh H. Patel   Refinance   12,000,000
20   Loan   0   0   0   0       Redding Hospitality, L.L.C.   No   Kelly Heil and John C. Della Penna   Refinance   10,920,000
21   Loan   0   0   0   0       Hexon Woodfield SS, LLC   No   John A. O’Donnell   Refinance   9,000,000
22   Loan   0   0   0   0       City Plaza, LLC, Two City Plaza, LLC and Three City Plaza, LLC   No   Ryan C. Rans   Refinance   8,250,000
23   Loan   0   0   0   0       Walkers Village Sandstone Associates, LLC   No   Fredric A. Tomarchio   Refinance   7,700,000
24   Loan   0   0   0   0       Rattlesnake Northern, LLC   No   Steven J. Striar   Refinance   7,500,000
25   Loan   0   0   0   0       10815 Double R SP, LLC   No   William W. Hobin, Clark W. Porter and Timothy B. Hobin   Acquisition   7,480,000
26   Loan   0   0   0   0       955 Carrillo Drive, LLC   No   Babak Azizzadeh and John Landsberger   Acquisition   7,250,000
27   Loan   0   0   0   0       WHLR-FT. Howard Square, LLC   No   Wheeler REIT, L.P.   Acquisition   7,100,000
28   Loan   0   0   0   0       Paloma Creek All Storage, Ltd.   No   Jay Schuminsky   Refinance   7,000,000
29   Loan   0   0   0   0       Riverside Crossing Partners, LLC   No   Robert H. Ledbetter, Jr.   Refinance   6,600,000
30   Loan   15,000   0   0   0       WHLR-Conyers Crossing, LLC   No   Wheeler REIT, L.P.   Acquisition   5,960,000
31   Loan   0   0   0   0       F and S Limited Partnership   No   Marc A. Harris   Refinance   5,600,000
32   Loan   0   0   114,291   0   Unfunded Obligations Reserve   Shops at Eagle Point, LP   No   Jay Schuminsky   Recapitalization   5,500,000
33   Loan   0   0   473,233   0   Anchor Tenant Rollover Reserve   Victory Berryland, L.L.C.   No   Victory Real Estate Investments, LLC   Refinance   5,100,000
34   Loan   0   0   0   0       Raining Combos Caldwell LLC   No   Alexander J. Hodara, Vincent J. Vomero and Jeffrey M. Zucker   Refinance   4,900,000
35   Loan   0   0   95,013   0   Unfunded Obligations Reserve   Park Plaza Shopping Center, LLC   No   David Lowry and Patricia Lowry   Acquisition   4,550,000
36   Loan   0   0   0   0       FR Syracuse, LLC and FR Eagles Nest, LLC   No   John D. Strohm   Refinance   4,200,000
36.01   Property                                        
36.02   Property                                        
37   Loan   0   0   0   0       Fiesta Plaza Tempe, LLC   No   Jonathan M. Rayden   Acquisition   3,740,000
38   Loan   0   0   0   0       Myrtle-Homosassa, LLC, Winwood-Homosassa 2, LLC and Winwood-Homosassa 3, LLC   No   Paul Amato and Enzo Bonura   Acquisition   3,000,000
39   Loan   0   0   0   0       ABI LLC   No   Alan Strusser   Refinance   1,750,000

 

 
 

 

GSMS 2015-GS1 Annex A                                    
                                             
Control Number   Loan / Property Flag   Principal’s New Cash Contribution (7)   Subordinate Debt   Other Sources   Total Sources   Loan Payoff   Purchase Price   Closing Costs   Reserves   Principal Equity Distribution   Other Uses
1   Loan   0   280,634,000   0   650,000,000   371,034,528   0   11,689,121   51,111,456   216,164,895   0
2   Loan   0   0   0   200,000,000   0   0   1,495,593   517,000   197,987,407   0
3   Loan   0   0   0   205,000,000   0   0   1,083,811   3,800,000   200,116,189   0
4   Loan   0   0   0   168,000,000   83,176,227   0   5,553,415   953,750   78,316,608   0
5   Loan   0   0   0   162,000,000   0   0   627,695   0   161,372,305   0
6   Loan   0   0   0   250,800,000   214,972,179   0   3,627,650   11,735,456   20,464,715   0
6.01   Property                                        
6.02   Property                                        
6.03   Property                                        
6.04   Property                                        
6.05   Property                                        
6.06   Property                                        
6.07   Property                                        
7   Loan   10,133,800   0   0   42,083,800   0   41,500,000   217,838   365,962   0   0
8   Loan   10,463,860   0   0   41,963,860   0   41,500,000   126,820   337,040   0   0
9   Loan   128,646   0   0   31,328,646   30,424,688   0   740,836   163,123   0   0
10   Loan   811,256   0   0   55,580,006   53,032,333   0   1,756,648   791,025   0   0
10.01   Property                                        
10.02   Property                                        
10.03   Property                                        
10.04   Property                                        
10.05   Property                                        
10.06   Property                                        
10.07   Property                                        
10.08   Property                                        
10.09   Property                                        
10.10   Property                                        
10.11   Property                                        
10.12   Property                                        
10.13   Property                                        
10.14   Property                                        
10.15   Property                                        
10.16   Property                                        
10.17   Property                                        
10.18   Property                                        
10.19   Property                                        
10.20   Property                                        
10.21   Property                                        
10.22   Property                                        
10.23   Property                                        
10.24   Property                                        
11   Loan   12,604,277   0   0   38,504,277   0   37,750,000   228,377   525,900   0   0
12   Loan   0   0   0   24,000,000   20,635,844   0   369,957   216,486   2,777,714   0
13   Loan   38,519,818   0   0   89,519,818   0   75,000,000   435,786   14,084,031   0   0
14   Loan   6,562,028   0   0   25,172,028   0   23,000,000   193,030   1,978,998   0   0
15   Loan   0   0   0   17,000,000   14,074,139   0   321,783   786,767   1,817,312   0
16   Loan   0   0   0   15,400,000   14,177,561   0   580,639   391,363   250,437   0
17   Loan   9,825,068   0   0   24,325,068   0   23,600,000   655,824   69,244   0   0
18   Loan   0   0   0   13,500,000   12,567,811   0   202,759   68,973   660,457   0
19   Loan   0   0   0   12,000,000   8,450,558   0   175,067   162,936   3,211,439   0
20   Loan   0   0   0   10,920,000   8,910,685   0   313,113   66,179   1,630,023   0
21   Loan   0   0   0   9,000,000   5,825,326   0   269,589   69,347   2,835,738   0
22   Loan   0   0   0   8,250,000   7,393,031   0   316,008   146,020   394,941   0
23   Loan   0   0   0   7,700,000   7,224,150   0   220,198   49,910   205,741   0
24   Loan   0   0   0   7,500,000   6,199,217   0   209,242   41,090   1,050,451   0
25   Loan   3,377,049   0   0   10,857,049   0   10,680,000   135,660   41,389   0   0
26   Loan   4,851,402   0   0   12,101,402   0   11,650,000   149,587   301,815   0   0
27   Loan   4,526,870   0   0   11,626,870   0   11,500,000   80,171   46,699   0   0
28   Loan   0   0   0   7,000,000   3,158,181   0   327,467   8,846   3,505,506   0
29   Loan   41,577   0   0   6,641,577   6,459,172   0   163,834   18,571   0   0
30   Loan   4,939,739   0   0   10,899,739   0   10,750,000   94,954   54,785   0   0
31   Loan   0   0   0   5,600,000   3,895,864   0   318,923   44,375   1,340,838   0
32   Loan   0   0   0   5,500,000   0   0   337,213   133,300   5,029,487   0
33   Loan   0   0   0   5,100,000   0   0   4,134,142   965,858   0   0
34   Loan   0   0   0   4,900,000   4,354,723   0   152,932   10,783   381,562   0
35   Loan   4,249,855   0   0   8,799,855   0   8,545,000   155,277   99,578   0   0
36   Loan   0   0   0   4,200,000   730,590   0   60,234   57,152   3,352,024   0
36.01   Property                                        
36.02   Property                                        
37   Loan   2,164,720   0   0   5,904,720   0   5,754,000   75,257   75,463   0   0
38   Loan   2,963,159   0   0   5,963,159   0   5,900,000   61,432   1,727   0   0
39   Loan   0   0   0   1,750,000   1,630,430   0   46,015   16,215   57,340   0

 

 
 

 

GSMS 2015-GS1 Annex A                                                    
                                                             
Control Number   Loan / Property Flag   Total Uses   Lockbox   Cash Management   Cash Management Triggers   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 ($)   Subordinate Companion Loan Interest Rate   Cut-off Date Mezzanine Debt Balance ($)   Mezzanine Debt Interest Rate   Terrorism Insurance Required   Control Number
1   Loan   650,000,000   Hard   Springing   (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   No           269,366,000   280,634,000   3.81500%           Yes   1
2   Loan   200,000,000   Hard   Springing   (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.40x   No           130,000,000                   Yes   2
3   Loan   205,000,000   Hard   In Place   (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.00%, (iii) failure to deliver financial statements as required in the Loan Agreement   Yes   5/26/2099   750,000   135,000,000                   Yes   3
4   Loan   168,000,000   Hard   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Guarantor or Manager, (iii) Debt Yield is less than 6.75%, (iv) the occurrence of a Tenant Major Event, (v) the occurrence of a Guarantor Downgrade Sweep Event   No           98,000,000                   Yes   4
5   Loan   162,000,000   Hard   Springing   (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   No           102,000,000                   Yes   5
6   Loan   250,800,000   Hard   Springing   (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 Franchise Trigger Event, (v) failure of Sponsor to maintain net worth and liquidity above the respective thresholds               205,079,002                   Yes   6
6.01   Property                   Yes   12/9/2059   0                       Yes   6.01
6.02   Property                   No                               Yes   6.02
6.03   Property                   No                               Yes   6.03
6.04   Property                   No                               Yes   6.04
6.05   Property                   Yes   1/29/2063   1,419,741                       Yes   6.05
6.06   Property                   Yes   2/15/2104   224,595                       Yes   6.06
6.07   Property                   No                               Yes   6.07
7   Loan   42,083,800   Hard   Springing   (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 Specified Tenant Collection Period   No                               Yes   7
8   Loan   41,963,860   Springing   Springing   (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x   No                               Yes   8
9   Loan   31,328,646   None   None   (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   No                               Yes   9
10   Loan   55,580,006   Springing   Springing   (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               27,384,375                   Yes   10
10.01   Property                   No                               Yes   10.01
10.02   Property                   No                               Yes   10.02
10.03   Property                   No                               Yes   10.03
10.04   Property                   No                               Yes   10.04
10.05   Property                   No                               Yes   10.05
10.06   Property                   No                               Yes   10.06
10.07   Property                   No                               Yes   10.07
10.08   Property                   No                               Yes   10.08
10.09   Property                   No                               Yes   10.09
10.10   Property                   No                               Yes   10.10
10.11   Property                   No                               Yes   10.11
10.12   Property                   No                               Yes   10.12
10.13   Property                   No                               Yes   10.13
10.14   Property                   No                               Yes   10.14
10.15   Property                   No                               Yes   10.15
10.16   Property                   No                               Yes   10.16
10.17   Property                   No                               Yes   10.17
10.18   Property                   No                               Yes   10.18
10.19   Property                   No                               Yes   10.19
10.20   Property                   No                               Yes   10.20
10.21   Property                   No                               Yes   10.21
10.22   Property                   No                               Yes   10.22
10.23   Property                   No                               Yes   10.23
10.24   Property                   No                               Yes   10.24
11   Loan   38,504,277   Hard   Springing   (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 70% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event   No                               Yes   11
12   Loan   24,000,000   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.10x   No                               Yes   12
13   Loan   89,519,818   Hard   Springing   (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) so long as any PIP Requirements remain outstanding, failure of Sponsor to maintain net worth and liquidity above the respective thresholds   No           31,465,734                   Yes   13
14   Loan   25,172,028   Hard   Springing   (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) the occurrence of a Specified Tenant Collection Period   No                               Yes   14
15   Loan   17,000,000   Springing   Springing   (i) the occurrence of an Event of Default, (ii) beginning with the fiscal quarter ending December 31, 2016, DSCR is less than 1.10x, (iii) failure to deliver financial statements as required in the Loan Agreement   No                               Yes   15
16   Loan   15,400,000   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.15x, (iv) the occurrence of a Lease Sweep Period   Yes   5/31/2057   21,000                       Yes   16
17   Loan   24,325,068   Springing   Springing   (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 Period   No                               Yes   17
18   Loan   13,500,000   Springing   Springing   (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 Rollover Trigger Event   No                               Yes   18
19   Loan   12,000,000   Springing   Springing   (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   No                               Yes   19
20   Loan   10,920,000   Springing   Springing   (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 Franchise Trigger Event   No                               Yes   20
21   Loan   9,000,000   None   None   (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   No                               Yes   21
22   Loan   8,250,000   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.10x   No                               Yes   22
23   Loan   7,700,000   Springing   Springing   (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) the occurrence of a Rollover Trigger Event   No                               Yes   23
24   Loan   7,500,000   Hard   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.15x, (iv) the occurrence of a Lease Sweep Period   No                               Yes   24
25   Loan   10,857,049   None   None   (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   No                               Yes   25
26   Loan   12,101,402   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.10x   No                               Yes   26
27   Loan   11,626,870   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Guarantor or Manager, (iii) DSCR is less than 1.15x   No                               Yes   27
28   Loan   7,000,000   Springing   Springing   (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   No                               Yes   28
29   Loan   6,641,577   Springing   Springing   (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   No                               Yes   29
30   Loan   10,899,739   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Guarantor or Manager, (iii) DSCR is less than 1.15x, (iv) the occurrence of an Anchor Tenant Trigger Event   No                               Yes   30
31   Loan   5,600,000   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.10x, (iv) Occupancy is less than 78%   No                               Yes   31
32   Loan   5,500,000   Springing   Springing   (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   No                               Yes   32
33   Loan   5,100,000   Springing   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Guarantor or Manager, (iii) DSCR is less than 1.15x, (iv) the occurrence of an Anchor Tenant Trigger Event   No                               Yes   33
34   Loan   4,900,000   Soft   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.10x   No                               Yes   34
35   Loan   8,799,855   Springing   Springing   (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, (iv) the occurrence of a Rollover Trigger Event   No                               Yes   35
36   Loan   4,200,000   Hard   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.35x                                   Yes   36
36.01   Property                   No                               Yes   36.01
36.02   Property                   No                               Yes   36.02
37   Loan   5,904,720   Springing   Springing   (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 an Alegrias Reserve Trigger Event   No                               Yes   37
38   Loan   5,963,159   Hard   In Place   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal or Manager, (iii) DSCR is less than 1.55x, (iv) the occurrence of a Lease Sweep Period   No                               Yes   38
39   Loan   1,750,000   Hard   Springing   (i) the occurrence of an Event of Default, (ii) Bankruptcy action of Borrower, Principal, Guarantor or Manager, (iii) DSCR is less than 1.10x, (iv) the occurrence of a Lease Sweep Period   No                               Yes   39

 

 
 

 

   
Footnotes to Annex A
   
(1) The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Mortgaged 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.
   
(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 Cut-off Date Principal Balance of $100,000,000 represents the non-controlling note A-2 of a $650,000,000 whole loan evidenced by three senior pari passu notes and one subordinate note B. The related companion loans are evidenced by the non-controlling note A-1, the non-controlling note A-3 and the controlling subordinate note B. Note A-1 ($169,366,000) and note B ($280,634,000), with an aggregate principal balance of $450,000,000 as of the Cut-off Date, are expected to be contributed to the GSMS 2015-590M transaction and note A-3, with a principal balance of $100,000,000 as of the Cut-off Date, is expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate principal balance of the 590 Madison Senior Companion Loans. Based on the 590 Madison Whole Loan the Cut-off Date and Maturity Date LTV Ratios are both 43.3%, the DSCR Based on Underwritten NOI / NCF are 2.15x / 2.14x and the Debt Yield Based on Underwritten NOI / NCF are both 8.3%.
   
(9) Two of the five largest tenants, Aspen Insurance and Bonhams, representing approximately 11.0% of the net rentable area, have signed leases but are not yet in occupancy or paying rent. We cannot assure you that either of these tenants will take occupancy and/or begin paying rent as expected or at all.

 

 
 

 

(10) For tenants with multiple lease expirations, the expiration date associated with the largest square footage is shown.
   
(11) The Appraised Value presents 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 is calculated on the basis of the “As Stabilized” Appraised Value.
   
(12) The Cut-off Date Principal Balance of $70,000,000 represents the controlling note A-1 of a $200,000,000 whole loan evidenced by three pari passu notes. The non-controlling companion loans, evidenced by note A-2 and note A-3 with an aggregate principal balance as of the Cut-off Date of $130,000,000, are expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $200,000,000.
   
(13) The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2015. For the purposes of this Free Writing Prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2015-GS1 securitization closing date of December 2015. The actual lockout period may be longer.
   
(14) Ongoing ground lease reserve funds do not show percentage rent, which will begin escrowing in July 2016, estimated to be $77,881.85 monthly.
   
(15) The Cut-off Date Principal Balance of $70,000,000 represents the controlling note A-1 of a $205,000,000 whole loan evidenced by three pari passu notes. The companion loans, evidenced by note A-2 and note A-3 with an aggregate principal balance of $135,000,000, are expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $205,000,000.
   
(16) The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2015. For the purposes of this Free Writing Prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2015-GS1 securitization closing date of December 2015. The actual lockout period may be longer.

 

 
 

 

(17) The Cut-off Date Principal Balance of $70,000,000 represents a non-controlling note of a $168,000,000 whole loan evidenced by three pari passu notes. The aggregate companion loan balance of $98,000,000 is evidenced by a controlling note with a principal balance of $84,000,000 as of the Cut-off Date which is currently held by Cantor Commercial Real Estate Lending, L.P. and a $14,000,000 non-controlling note, which is currently held by Goldman Sachs Mortgage Company, both of which are expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $168,000,000.
   
(18) The Cut-off Date Principal Balance of $60,000,000 represents the controlling note A-1 of a $162,000,000 whole loan evidenced by two pari passu notes. The non-controlling companion loan, evidenced by note A-2 with a principal balance as of the Cut-off Date of $102,000,000, is expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $162,000,000.
   
(19) The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2015. For the purposes of this Free Writing Prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2015-GS1 securitization closing date of December 2015. The actual lockout period may be longer.
   
(20) The Cut-off Date Principal Balance of $45,146,314 represents the non-controlling note A-3 of a $250,800,000 whole loan evidenced by four pari passu notes. The related companion loans are respectively evidenced by the controlling note A-1 with a principal balance of $99,770,859 as of the Cut-off Date, which was contributed to the Citigroup Commercial Mortgage Trust 2015-GC33, Commercial Mortgage Pass-Through Certificates, Series 2015-GC33 (“CGCMT 2015-GC33”) transaction, a non-controlling note A-2 with a principal balance of $72,333,873 as of the Cut-off Date, which was contributed to the Goldman Sachs Mortgage Securities Trust 2015-GC34, Commercial Mortgage Pass-Through Certificates Series 2015-GC34 (“GSMS 2015-GC34”) and note A-4 with an outstanding principal balance of $32,974,269, which is expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $250,225,315.
   
(21) The lockout period will be at least 26 payment dates beginning with and including the first payment date of October 6, 2015. For the purposes of this Free Writing Prospectus, the assumed lockout period of 26 payment dates is based on the expected GSMS 2015-GS1 securitization closing date of December 2015. The actual lockout period may be longer.

 

 
 

 

(22) The Appraised Value represents the aggregate “as-is” appraised value of the Hammons Hotel Portfolio Properties of $363,750,000 plus a $3,570,502 capital deduction related to franchise mandated capital improvements at the three Marriott Mortgaged Properties for which the borrowers reserved $7,890,000 for the estimated mandatory and additional elective capital improvement costs. The Cut-off Date LTV Ratio calculated on the basis of the aggregate “as-is” appraised value without adding the capital deduction is 68.9%. The LTV Ratio at Maturity is calculated on the basis of the “As Stabilized” Appraised Value.
   
(23) Monthly Replacement Reserve is equal to: (a) on each due date from October 2015 through and including September 2016, $360,433, (b) beginning on the due date in October 2016, the greater of (1) the monthly amount required to be reserved for each Hammons Hotel Portfolio Mortgaged Property pursuant to the applicable franchise agreement for the replacement of furniture, fixtures and equipment and (2) one-twelfth of 4% of the operating income for each Hammons Hotel Portfolio Mortgaged Property (or, in the case of the Renaissance by Marriott Phoenix/Glendale, AZ Mortgaged Property beginning on the due date in October 2017, one-twelfth of 5% of the operating income) for the previous 12-month period (as determined on August 31 of each year).
   
(24) Beginning November 21, 2022, Annual Ground Lease Payment shall be 0.25% of adjusted room sales for the previous calendar year (estimated $27,188).
   
(25) Annual Ground Lease Payment for the Borrower’s space lease interest in the convention center, expo hall and parking garage is calculated based on the trailing 12 months as of June 30, 2015. The rent payment is calculated using a fixed component of $985,725 plus a variable component tied to revenue generated from the parking garage and expo hall.
   
(26) The Cut-off Date Principal Balance of $27,384,375 represents the controlling note A-1 of a $54,768,750 whole loan evidenced by two pari passu notes. The companion loan, evidenced by note A-2 with a principal balance of $27,384,375, is expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $54,768,750.
   
(27) The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2015. For the purposes of this Free Writing Prospectus, the assumed lockout period of 24 payment dates is based on the expected GSMS 2015-GS1 securitization closing date of December 2015. The actual lockout period may be longer.
   
(28) The Cut-off Date Principal Balance of $19,478,787 represents the non-controlling note A-2 of a $50,944,521 whole loan evidenced by three pari passu notes. The companion loans are evidenced by note A-1 with a principal balance as of the Cut-off Date of $18,479,875, which was contributed to the GSMS 2015-GC34 transaction and note A-3 with a principal balance as of the Cut-off Date of $12,985,858, which is expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio, LTV Ratio at Maturity, 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 aggregate Cut-off Date Balance of $51,000,000.

 

 
 

 

(29) The borrower is required to fund the Replacement Reserve (i) for the Due Dates occurring in November 2015 through October 2016, the amount of $98,485.33; (ii) for the Due Dates occurring in November 2016 through October 2018, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement for the replacement of FF&E and (b) $0; (iii) for the Due Dates occurring in November 2018 through October 2019, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement for the replacement of FF&E and (b) one-twelfth of 4% of the Operating Income of the Property for the previous twelve month period as determined on the anniversary of the last day of September; (iv) for the Due Dates occurring in November 2019 through October 2022, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement for the replacement of FF&E and (b) one-twelfth of 5% of the Operating Income of the Property for the previous twelve month period as determined on the anniversary of the last day of September; and (v) for the Due Dates occurring in November 2022 through the payment in full of the Indebtedness, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement for the replacement of FF&E and (b) one-twelfth of 6% of the Operating Income of the Property for the previous twelve month period as determined on the anniversary of the last day of September.
   
(30) The appraised value represents the “as-is” appraised value of $76,000,000 plus a stated $13,457,731 PIP reserve for capital improvements at the related Mortgaged Property. The LTV Ratio at Maturity is calculated on the basis of the “As Stabilized” Appraised Value.
   
(31) The lockout period will be at least 25 payment dates beginning with and including the first payment date of November 6, 2015. For the purposes of this Free Writing Prospectus, the assumed lockout period of 25 payment dates is based on the expected GSMS 2015-GS1 securitization closing date of December 2015. The actual lockout period may be longer.
   
(32) The Cut-off Date LTV Ratio and Maturity Date LTV Ratio are each calculated based on the “as-is” appraised value of $23,000,000 plus a $1,819,000 capital deduction (for which the borrower reserved $1,819,300) related to planned capital projects. The Cut-off Date LTV Ratio and the Maturity Date LTV Ratio calculated without adjusting for the capital deduction are 80.9% and 70.8%, respectively.
   
(33) The third largest tenant, Steak N’ Shake, representing approximately 14.1% of the net rentable area, is dark but paying rent.
   
(34) The Replacement Reserve Monthly Deposit will be an amount equal to $1,279.58 for each Payment Date from December 6, 2015 through November 6, 2016 and will be $511.83 for each Payment Date thereafter.
   
(35) Occupancy reflects Anchor Tenant “Rouses”, that has signed a lease, but is not yet in occupancy or may not be paying rent. The borrower at closing deposited an amount of $473,233 into an Anchor Tenant Reserve held by Lender for approved leasing expenses incurred following the date of origination solely in connection with the Anchor Tenant. Rouses is expected to take occupancy no later than April 15, 2016.