0001539497-17-000345.txt : 20170307 0001539497-17-000345.hdr.sgml : 20170307 20170307161034 ACCESSION NUMBER: 0001539497-17-000345 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170307 DATE AS OF CHANGE: 20170307 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GS Mortgage Securities Trust 2017-GS5 CENTRAL INDEX KEY: 0001693737 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-207677-04 FILM NUMBER: 17672060 BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GS MORTGAGE SECURITIES CORP II CENTRAL INDEX KEY: 0001004158 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 223442024 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 FWP 1 n884_x11-fwp.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-207677-04

Sent: Tuesday, March 07, 2017 3:31 PM
Subject: GSMS 2017-GS5 -- Final Pricing Details (Public)(external)

GSMS 2017-GS5 -- Final Pricing Details (Public)(external)

$919.609mm Fixed Rate CMBS Offering

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

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

Class	Moody's/Fitch/MSTR	Size($mm)	WAL(yr)	C/E	Cpn	Spread	Yield	$px
A-1	Aaa(sf)/AAAsf/AAA	13.770	2.65	30.000%	2.045	S+25	2.034	99.99884
A-2	Aaa(sf)/AAAsf/AAA	51.316	4.59	30.000%	3.218	S+44	2.520	102.99659
A-3	Aaa(sf)/AAAsf/AAA	248.000	9.66	30.000%	3.409	S+86	3.301	100.99585
A-4	Aaa(sf)/AAAsf/AAA	381.598	9.81	30.000%	3.674	S+88	3.328	102.99865
A-AB	Aaa(sf)/AAAsf/AAA	28.604	7.16	30.000%	3.467	S+70	3.005	102.99998
A-S	Aa3(sf)/AAAsf/AAA	80.078	9.89	22.250%	3.826	S+103	3.481	102.99842
B	NR/AA-sf/AA-	72.329	9.89	15.250%	4.047	S+125	3.701	102.99588
C	NR/A-sf/A-	43.914	9.97	11.000%	4.299	S+150	3.955	102.99309

Collateral Summary

Initial Pool Balance:	$1,061.942mm
Number of Mortgage Loans:	32
Number of Mortgaged Properties:	72
Average Cut-off Date Mortgage Loan Balance:	$33.186mm
Weighted Average Mortgage Interest Rate:	4.3899%
Weighted Average Remaining Term to Maturity (mos):	115
Weighted Average Remaining Amortization Term (mos):	354
Weighted Average Cut-off Date LTV Ratio:	56.4%
Weighted Average Maturity Date LTV Ratio:	53.1%
Weighted Average Underwritten DSCR Ratio:	2.39x
Weighted Average Debt Yield on Underwritten NOI:	11.5%
% of Mortgage Loans with Mezzanine Debt:	2.6%
% of Mortgage Loans with Subordinate Debt:	14.3%
% of Mortgage Loans with Preferred Equity:	11.4%
% of Mortgaged Properties with Single Tenants:	26.6%

Property Type:	41.9% Office, 19.9% Retail, 17.9% Industrial, 17.7% Mixed Use

Top 5 States:	18.7% NY, 14.2% TX, 10.6% CO, 10.5% MD, 8.8% CA

Anticipated Timing

Anticipated Closing:

Tues, March 21st

CUSIPs

Class	CUSIP
A-1	36252HAA9
A-2	36252HAB7
A-3	36252HAC5
A-4	36252HAD3
A-AB	36252HAE1
A-S	36252HAH4
B	36252HAJ0
C	36252HAK7

The depositor 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 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 Web site at www.sec.gov. Alternatively, the depositor, 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 or by email to prospectus-ny@gs.com ..

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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