FWP 1 n1025_x11-xbfinalpricing.htm FREE WRITING PROSPECTUS

 

 

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

   

----- Original Message -----

From:  Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR)

At:  09/20/17 16:28:07

 

CGCMT 2017-P8 -- X-B Final Pricing Details (Public)

 

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

Co-Manager:  Drexel Hamilton, LLC.

 

Class Moody's/S&P/Fitch/DBRS Size($mm) Spread Coupon Yield Price
X-B NR/AA(sf)/AA-sf/AAA(sf) 41.310 T+190 0.080 4.164 1.08033

 

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 Closing: September 29, 2017
   

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.

 

-------------------------------------------------------------------------------

This communication is issued by a member of the Sales and Trading Department of Citigroup Global Markets Inc. and intended for institutional investors only. For important disclosures and disclaimers please see https://icg.citi.com/icg/data/documents/ST_ExternalDiscl.pdf. This message is for the internal use of the intended recipients and may contain information proprietary to Citi which may not be reproduced, redistributed, or copied in whole or in part without Citi's prior consent.