FWP 1 n1708_fwp-x7.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.:333-228597-02

From: Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR) [REDACTED]
Sent: Monday, July 29, 2019 4:00 PM
Subject: CGCMT 2019-GC41 -- New Issue Announcement (Public)

CGCMT 2019-GC41 -- New Issue Announcement (Public)

$1,092.156mm Fixed Rate CMBS Offering

Co-Lead Managers and Joint Bookrunners:	Citigroup, Deutsche Bank Securities, and
	Goldman Sachs & Co. LLC, and
Co-Managers:	Bancroft Capital, LLC and Drexel
	Hamilton

						U/W NOI
Class	S&P/Fitch/DBRS	Size($mm)	C/E	WAL(yr)	Cum LTV	Debt Yld
A-1	AAA(sf)/AAAsf/AAA(sf)	11.825	30.000%	2.73	40.8%	14.9%
A-2	AAA(sf)/AAAsf/AAA(sf)	128.097	30.000%	4.88	40.8%	14.9%
A-3	AAA(sf)/AAAsf/AAA(sf)	10.112	30.000%	6.97	40.8%	14.9%
A-4	AAA(sf)/AAAsf/AAA(sf)	330.000*	30.000%	9.87*	40.8%	14.9%
A-5	AAA(sf)/AAAsf/AAA(sf)	363.106*	30.000%	9.90	40.8%	14.9%
A-AB	AAA(sf)/AAAsf/AAA(sf)	19.494	30.000%	7.47	40.8%	14.9%
A-S	AAA(sf)/AAAsf/AAA(sf)	109.370	21.125%	9.97	46.0%	13.2%
B	NR/AA-sf/AA(high)(sf)	69.319	15.500%	9.97	49.3%	12.3%
C	NR/A-sf/A(high)(sf)	50.833	11.375%	9.97	51.7%	11.7%

*SIZES SUBJECT TO CHANGE AS DETAILED IN THE TERM SHEET. RANGE OF POSSIBLE SIZES BELOW (in $mm):

CLASS	EXPECTED RANGE OF BALANCE	EXPECTED RANGE OF WAL
A-4	100.000 - 330.000	9.83 - 9.87
A-5	363.106 - 593.106	N/A

Collateral Summary

Initial Pool Balance:	$1,276.635mm
Number of Mortgage Loans:	43
Number of Mortgaged Properties:	100
Average Cut-off Date Mortgage Loan Balance:	$29.689mm
Weighted Average Mortgage Interest Rate:	3.86566%
Weighted Average Remaining Term to Maturity/ARD (months):	113
Weighted Average Remaining Amortization Term (months):	371
Weighted Average Cut-off Date LTV Ratio:	58.3%
Weighted Average Maturity Date/ARD LTV Ratio:	56.5%
Weighted Average Underwritten NCF Debt Service Coverage Ratio:	2.48x
Weighted Average Debt Yield on Underwritten NOI:	10.4%
% of Mortgaged Properties with Single Tenants:	33.6%
% of Mortgage Loans with Mezzanine or Subordinate Debt:	18.0%
Property Type:	33.3% Office, 16.3% Retail, 12.7% Industrial, 10.2% Hospitality, 9.5% Multifamily

Top 5 States:	23.0% New York, 15.9% California, 7.2% Virginia, 6.5%
	Florida, 5.8% Illinois
Risk Retention:	L-Shaped
Master Servicer:	Midland Loan Services
Special Servicer:	Rialto Capital Advisors, LLC
Operating Advisor:	Park Bridge Lender Services LLC
Trustee:	Wilmington Trust, National Association
Cert. Administrator:	Citibank, N.A.

Anticipated Timing:
Anticipated Pricing:	Week of 7/29/2019
Anticipated Settlement:	8/20/2019

Term Sheet

Annex

THE SECURITIES OFFERED BY THESE MATERIALS ARE BEING OFFERED WHEN, AS AND IF ISSUED. THIS FREE WRITING PROSPECTUS IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE OR OTHER JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. THESE SECURITIES DO NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, ANY DIRECTING HOLDER, ANY RISK RETENTION CONSULTATION PARTY, THE COMPANION LOAN HOLDERS (OR THEIR REPRESENTATIVES), THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THESE SECURITIES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-228597) 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 any underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

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) 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.