FWP 1 n1025_x6.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207132-14
     

From: Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR)

Sent: Friday, September 08, 2017 9:33 AM

Subject: CGCMT 2017-P8 -- New Issue Announcement (Public)

 

CGCMT 2017-P8 -- New Issue Announcement (Public)

 

$917.864mm Fixed Rate CMBS Offering

 

Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets, Inc., Barclays

Co-Manager: Drexel Hamilton, LLC.

 

          U/W NOI
Class Moody's/S&P/Fitch/DBRS Size($mm) WAL(yr) C/E Cum LTV Debt Yld
A-1 Aaa(sf)/AAA(sf)/AAAsf/AAA(sf) 31.000 2.95 30.000% 40.2% 16.4%
A-2 Aaa(sf)/AAA(sf)/AAAsf/AAA(sf) 40.600 6.96 30.000% 40.2% 16.4%
A-3 Aaa(sf)/AAA(sf)/AAAsf/AAA(sf) 285.000   9.67 30.000% 40.2% 16.4%
A-4 Aaa(sf)/AAA(sf)/AAAsf/AAA(sf) 317.631   9.86 30.000% 40.2% 16.4%
A-AB Aaa(sf)/AAA(sf)/AAAsf/AAA(sf) 48.700 7.16 30.000% 40.2% 16.4%
A-S Aa2(sf)/AAA(sf)/AAAsf/AAA(sf) 111.022   9.95 19.250% 46.4% 14.2%
B NR/AA(sf)/AA-sf/AAA(sf) 41.310 9.96 15.250% 48.6% 13.6%
C NR/A(sf)/A-sf/A(high)(sf) 42.601 9.96 11.125% 51.0% 12.9%

 

 

Collateral Summary  
Initial Pool Balance: $1,087.114mm
Number of Mortgage Loans: 53
Number of Mortgaged Properties: 167
Average Cut-off Date Mortgage Loan Balance: $20.512mm
Weighted Average Mortgage Interest Rate: 4.29159%
Weighted Average Remaining Term to Maturity/ARD (months): 117
Weighted Average Remaining Amortization Term (months): 357
Weighted Average Cut-off Date LTV Ratio: 57.4%
Weighted Average Maturity Date/ARD LTV Ratio: 51.9%
Weighted Average Underwritten Debt Service Coverage Ratio: 2.21x
Weighted Average Debt Yield on Underwritten NOI: 11.5%
% of Mortgaged Properties with Single Tenants: 13.2%
% of Mortgage Loans with Mezzanine or Subordinate Debt: 28.5%
   
   
Property Type: 34.5% Office, 30.4% Retail, 13.1% Mixed Use, 10.1% Hospitality, 5.9% Industrial, 4.3% Multifamily, 1.0% Self Storage, 0.7% Manufactured Housing
   
   
Top 5 States: 25.9% NY, 8.3% MI, 7.7% CA, 7.4% LA, 6.2% AZ
   
Risk Retention: Vertical
   
Master Servicer: Wells Fargo Bank, NA
Special Servicer: KeyBank National Association
Operating Advisor: Pentalpha Surveillance LLC
Controlling Class Rep: Prime Finance CMBS B-Piece, Holdco X, L.P.
Trustee: Wilmington Trust, National Association
Cert. Administrator: Citibank, N.A.
   
Anticipated Timing:  
   
Global Investor Call: Friday, September 8, 2017
Anticipated Pricing: Week of September 11, 2017
Anticipated Closing: September 29, 2017
   
Global Investor Call Details:  
Date: Friday, September 8, 2017
Time: 2:00PM ET
Participants, Toll-Free: 719-457-6793
Participant Passcode: 3950244
   
Roadshow Schedule:  
   
Monday, September 11th, 2017  
   
Boston, MA – Breakfast Meeting  
-Boston Harbor Hotel (John Adams Salon)  
-70 Rowes Wharf, Boston, MA  
-8:30AM ET  
   
Hartford, CT - Lunch Meeting  
-The Goodwin Hotel (The Twain Room)  
-1 Haynes Street, Hartford, CT  
-12:30PM ET  
   
Minneapolis, MN - Breakfast Meeting  
-The Grand Hotel (Harriet & Cedar Room)  
-615 Second Avenue South, Minneapolis, MN -8:00AM CT  

 

 

<Top 10 Teaser>

 

<Annex A>

 

THIS FREE WRITING PROSPECTUS, DATED SEPTEMBER 8, 2017 MAY BE AMENDED OR SUPPLEMENTED PRIOR TO TIME OF SALE

IMPORTANT NOTICE REGARDING THIS OFFERING OF ASSET-BACKED SECURITIES

THE SECURITIES OFFERED BY THESE MATERIALS ARE BEING OFFERED WHEN, AS AND IF ISSUED. THIS FREE WRITING PROSPECTUS IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE OR OTHER JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. THESE SECURITIES DO NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CONTROLLING CLASS REPRESENTATIVE, THE RISK RETENTION CONSULTATION PARTY, THE COMPANION LOAN HOLDERS (OR THEIR REPRESENTATIVES), THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THESE SECURITIES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-207132) 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 http://www.sec.gov. Alternatively, the depositor, Citigroup Global Markets Inc., Barclays Capital Inc., Drexel Hamilton, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

 

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 that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, 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.