FWP 1 n1008_launchpub-x8.htm FREE WRITING PROSPECTUS

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

 

 

Sent: Friday, August 11, 2017 2:00 PM
Subject: GSMS 2017-GS7 -- Launch (Public)(external)

 

 

GSMS 2017-GS7 -- Launch (Public)(external)

$930.213mm Fixed Rate CMBS Offering

 

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

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

 

            Target
Class Moody's/Fitch/KBRA Size($mm) WAL(yr) C/E Launch $px
A-1 Aaa(sf)/AAAsf/AAA(sf) 18.155 2.87 30.000% S+31 100-00
A-2 Aaa(sf)/AAAsf/AAA(sf) 56.176 4.86 30.000% S+48 103-00
A-3 Aaa(sf)/AAAsf/AAA(sf) 315.000 9.66 30.000% S+93 101-00
A-4 Aaa(sf)/AAAsf/AAA(sf) 340.612 9.79 30.000% S+95 103-00
A-AB Aaa(sf)/AAAsf/AAA(sf) 27.207 7.30 30.000% S+76 103-00
A-S Aa3(sf)/AAAsf/AAA(sf) 74.363 9.88 23.125% S+118 103-00
B NR/AA-sf/AA(sf) 47.322 9.88 18.750% S+140 103-00
C NR/A-sf/A(sf) 51.378 9.88 14.000% S+175 103-00

 

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: Today
Anticipated Closing: Aug 24, 2017

 

CUSIPs

 

Class CUSIP
A-1 36254CAS9
A-2 36254CAT7
A-3 36254CAU4
A-4 36254CAV2
A-AB 36254CAW0
A-S 36254CAZ3
B 36254CBA7
C 36254CBB5

 

 

 

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.

 

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED (OTHER THAN ANY STATEMENT RELATING TO THE IDENTITY OF THE LEGAL ENTITY AUTHORIZING OR SENDING THIS COMMUNICATION IN A NON-US JURISDICTION).  SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.