FWP 1 n927_x11-fwp.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207677-05
     

 

Sent: Friday, May 19, 2017 12:15 PM
Subject: GSMS 2017-GS6 -- Final Pricing Details (Public)(external)

 

 

GSMS 2017-GS6 -- Final Pricing Details (Public)(external)

$826.272mm Fixed Rate CMBS Offering

 

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) WAL(yr) C/E Cpn Sprd Yield $Px
A-1 Aaa(sf)/AAAsf/AAA(sf) 15.431 3.00 30.000% 1.945 S+28 1.934 99.99967
A-2 Aaa(sf)/AAAsf/AAA(sf) 250.000 9.57 30.000% 3.164 S+90 3.053 100.99445
A-3 Aaa(sf)/AAAsf/AAA(sf) 359.651 9.83 30.000% 3.433 S+92 3.088 102.99470
A-AB Aaa(sf)/AAAsf/AAA(sf) 29.390 7.18 30.000% 3.230 S+75 2.771 102.99495
A-S Aa2(sf)/AAAsf/AAA(sf) 84.147 9.93 21.000% 3.638 S+112 3.294 102.99950
B NR/AA-sf/AA-(sf) 45.579 9.94 16.125% 3.869 S+135 3.525 102.99294
C NR/A-sf/A-(sf) 42.074 9.94 11.625% 4.322 S+180 3.975 102.99795

 

 

Collateral Summary

 

Initial Pool Balance: $959.131mm
Number of Mortgage Loans: 33     
Number of Mortgaged Properties: 73    
Average Cut-off Date Mortgage Loan Balance: $29.065mm    
Weighted Average Mortgage Interest Rate: 4.4013%    
Weighted Average Remaining Term to Maturity (mos): 118
Weighted Average Remaining Amortization Term (mos): 360    
Weighted Average Cut-off Date LTV Ratio: 57.1%    
Weighted Average Maturity Date LTV Ratio: 52.7%
Weighted Average Underwritten DSCR Ratio: 2.38x 
Weighted Average Debt Yield on Underwritten NOI: 11.9%    
% of Mortgage Loans with Mezzanine Debt: 9.96%   
% of Mortgage Loans with Subordinate Debt: 9.96%   
% of Mortgage Loans with Preferred Equity: 7.5%    
% of Mortgaged Properties with Single Tenants: 28.1%    
   
Property Type: 48.3% Office, 18.7% Mixed Use, 17.0% Retail, 10.6% Industrial, 3.4% Hospitality, 1.2% Multifamily, 0.8% Self Storage
   
Top 5 States: 25.8% CA, 8.4% DC, 8.3% VA, 8.1% CO, 6.8% MD

 

 

CUSIPs

 

Class CUSIP
A-1 36253PAA0
A-2 36253PAB8
A-3 36253PAC6
A-AB 36253PAD4
A-S 36253PAG7
B 36253PAH5
C 36253PAJ1

 

 

Anticipated Timing

 

Anticipated Closing: Wednesday, May 31st

 

 

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.