FWP 1 n1008_ioxaxb-x11.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207677-06
     

 

Sent:  Monday, August 14, 2017 1:25 PM
Subject:  GSMS 2017-GS7 -– IO (X-A/X-B) New Issue Announcement (Public)(external)

 

GSMS 2017-GS7 -– IO (X-A/X-B) New Issue Announcement (Public)(external)

 

Lead Manager and Sole Bookrunner:  Goldman Sachs & Co. LLC

Co-Managers:  Academy Securities, Inc. and Drexel Hamilton, LLC

 

Class Moody's/Fitch/KBRA Size($mm) Approx. Proceeds ($mm)
X-A AAAsf/AAA(sf)/Aa1(sf) 831.513 ~72.1
X-B A-sf/AAA(sf)/NR 98.700 ~3.1

 

*Pricing to 100CPY

**X-B will be auctioned tomorrow (timing TBD)

 

Collateral Summary

 

Initial Pool Balance: $1,081.644mm                
Number of Mortgage Loans: 32     
Number of Mortgaged Properties: 35    
Average Cut-off Date Mortgage Loan Balance: $33.801mm    
Weighted Average Mortgage Interest Rate: 4.4444%    
Weighted Average Remaining Term to Maturity (mos): 115
Weighted Average Remaining Amortization Term (mos): 359    
Weighted Average Cut-off Date LTV Ratio: 57.4%    
Weighted Average Maturity Date LTV Ratio: 53.3%
Weighted Average Underwritten DSCR Ratio: 2.20x 
Weighted Average Debt Yield on Underwritten NOI: 11.3%    
% of Mortgage Loans with Mezzanine Debt: 30.9%   
% of Mortgage Loans with Subordinate Debt: 16.4%   
% of Mortgage Loans with Preferred Equity: 14.5%    
% of Mortgaged Properties with Single Tenants: 13.0%    
   
Property Type: 50.4% Office, 16.8% Retail, 14.4% Mixed Use, 11.5% Hospitality – Full Service, 6.8% Multifamily
   
Top 5 States: 29.0% NY, 26.0% CA, 10.3% TX, 7.4% DC, 5.0% FL
   
Anticipated Timing  
   
Anticipated Pricing: Tues, Aug 15th
Anticipated Closing: Aug 24, 2017
   

Preliminary Offering Materials

 

Term Sheet

 

Annex A

 

Preliminary Prospectus

 

The issuer has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-207677) for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526.

 

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