0001539497-12-000466.txt : 20120905 0001539497-12-000466.hdr.sgml : 20120905 20120904203913 ACCESSION NUMBER: 0001539497-12-000466 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120905 DATE AS OF CHANGE: 20120904 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Citigroup Commercial Mortgage Trust 2012-GC8 CENTRAL INDEX KEY: 0001556811 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-166711-02 FILM NUMBER: 121072103 BUSINESS ADDRESS: STREET 1: 388 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128166000 MAIL ADDRESS: STREET 1: 388 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0001258361 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 861073506 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 388 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128166000 MAIL ADDRESS: STREET 1: 388 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 FWP 1 fwp.htm FREE WRITING PROSPECTUS Unassociated Document
 
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-166711-02
     
 

From: CITI CMBS SYNDICATE (CITIGROUP GLOBAL MAR)
At:  9/04 12:59:02

CGCMT 2012-GC8 - New Issue Announcement Public
$ 728.15mm Fixed Rate CMBS Offering

Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets Inc. and Goldman, Sachs & Co.

Co-Managers: Natixis Securities Americas LLC and RBS Securities Inc.
 
                         U/W NOI
 Class    Moody’s/Fitch/KBRA    Size ($ mm)    WAL (yr)    C.E%    Cum LTV    Debt Yield
 A-1    Aaa(sf)/AAA(sf)/AAA(sf)    58.96    2.46    30.000%    44.2%    16.7%
 A-2    Aaa(sf)/AAA(sf)/AAA(sf)    181.57    4.71    30.000%    44.2%    16.7%
 A-3    Aaa(sf)/AAA(sf)/AAA(sf)    27.73    6.87    30.000%    44.2%    16.7%
 A-4    Aaa(sf)/AAA(sf)/AAA(sf)    379.63    9.73    30.000%    44.2%    16.7%
 A-AB    Aaa(sf)/AAA(sf)/AAA(sf)    80.27    7.38    30.000%    44.2%    16.7%
 
Collateral Summary

Pool Balance:   $1,040.21 mm
Number of Mortgage Loans:   57
Number of Mortgaged Properties:   139
Weighted Average Mortgage Loan Rate:   4.95%
Weighted Average Remaining Term to Maturity (months):   106
Weighted Average Remaining Amortization Term (months):   347
Weighted Average U/w DSCR:   1.73x
Weighted Average Debt Yield on Underwritten NOI:   11.7%
% of Mortgage Loans with Pari Passu Split Loan Structure:   27.9%
% of Mortgage Loans with Additional Debt:   16%
 
Property Type:  44.2% Office - 39.2% CBD Office, 5% General Suburban Office; 19.6% Retail - 5.9% Unanchored Retail, 5.5% Anchored Retail, 5% Single Tenant Retail,
3.2% Power Center/ Big Box; 17.4% Hospitality - 11.7% Full Service, 4.7% Limited Service, 1% Extended Stay; 8.5% Multifamily - 6.1% Garden; 1.2% Student Housing;
5.3% Self Storage

Top 5 States:   31.4% NY, 14.9% TX, 13.3% FL, 9.5% IL, 4.9% MI

Anticipated Timing:
 
Investor Call:   Wed, Sept 5th
Anticipated Pricing:   Week of Sept 10th
Anticipated Closing:   Thu, Sept 27th

Investor Call Details:

Date:   Wed, Sept 5th
Time:   11.00 AM EST
US Dial In:   719-457-6856
Passcode:   4251410


Free Writing Prospectus

Termsheet

Annex A
 
 
 
 

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-166711) 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 Citigroup Global Markets Inc., Goldman, Sachs & Co., any other underwriter, or any dealer participating in this offering will arrange to send to you the prospectus if you request it by calling toll-free 1-877-858-5407.
 
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS 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 may not be updated or (3) these materials possibly being confidential, are 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.

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For information purposes only. This is not a confirmation. Trade details are subject to terms and conditions contained in our official confirmation. We may make markets, buy/sell as principal or have a position in financial products herein. An employee may be a director of, and we may perform or solicit investment banking or other services from any company herein. We do not guarantee that this information is accurate, complete or that any returns indicated will be achieved. Price/availability is subject to change. This is not an offer to sell or a solicitation of any offer to buy any financial product. Changes to assumptions may have material impact on returns. For info, please contact your rep.