FWP 1 n1198_x8-priceguidance.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207677-08
     

 

GSMS 2018-GS9 -- Price Guidance (Public)(external)

$762.464mm Fixed Rate CMBS Offering

 

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

Co-Managers:  Drexel Hamilton and The Williams Capital Group, L.P.

 

Class Moody's/Fitch/KBRA Size($mm) WAL(yr) C/E Guidance Target $px
A-1 Aaa(sf)/AAAsf/AAA(sf) 14.060 2.70 30.000% S+20a 100
A-2 Aaa(sf)/AAAsf/AAA(sf) 24.558 4.53 30.000% S+38a 103
A-3 Aaa(sf)/AAAsf/AAA(sf) 170.000 9.55 30.000% A4-2bps 101
A-4 Aaa(sf)/AAAsf/AAA(sf) 361.127 9.80 30.000% S+79a 103
A-AB Aaa(sf)/AAAsf/AAA(sf) 29.946 7.01 30.000% S+67a 103
A-S Aa2(sf)/AAAsf/AAA(sf) 65.323 9.90 22.375% S+94a 103
B NR/AA-sf/AA-(sf) 40.694 9.95 17.625% S+112a 103
C NR/A-sf/A-(sf) 56.756 9.95 11.000% S+150a WAC

 

Collateral Summary

 

Initial Pool Balance: $887.131mm
Number of Mortgage Loans: 37
Number of Mortgaged Properties: 228
Average Cut-off Date Mortgage Loan Balance: $23.977mm
Weighted Average Mortgage Interest Rate: 4.387629%
Weighted Average Remaining Term to Maturity (mos): 116
Weighted Average Remaining Amortization Term (mos): 360
Weighted Average Cut-off Date LTV Ratio: 57.5%
Weighted Average Maturity Date LTV Ratio: 53.0%
Weighted Average Underwritten DSCR Ratio: 2.37x 
Weighted Average Debt Yield on Underwritten NOI: 12.2%
% of Mortgage Loans with Mezzanine Debt: 11.6%
% of Mortgage Loans with Subordinate Debt: 14.3%
% of Mortgage Loans with Preferred Equity: 0.0%
% of Mortgaged Properties with Single Tenants: 24.6%
   

 

Property Type: 34.0% Office, 26.3% Retail, 15.4% Hospitality, 10.6% Industrial, 5.7% Multifamily – Garden, 5.0% Mixed Use, 3.0% Self Storage
   
Top 5 States: 18.36% TX, 10.90% MI, 10.47% AZ, 9.69% NJ, 8.93% NY
   
Anticipated Timing  
   
Anticipated Pricing: Week of March 12th
Anticipated Closing: March 29, 2018

 

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.

 

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