| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-207132-16 | ||
From: Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR) [mailto:ccitigroup6@bloomberg.net]
Sent: Friday, March 9, 2018 4:58 PM
Subject: CGCMT 2018-B2 -- X-B Final Pricing Details (Public)
CGCMT 2018-B2 -- X-B Final Pricing Details (Public)
| Co-Lead Managers and Joint Bookrunners: | Citigroup, BofA Merrill Lynch, and Morgan Stanley |
| Co-Managers: | Drexel Hamilton, The Williams Capital Group, L.P. |
| Class | Moody's/Fitch/KBRA | Size($mm) | Spread | Coupon | Yield | Price |
| X-B | NR/A-sf/AAA(sf) | 49.202 | T+82.7 | 0.551 | 3.713 | 3.65476 |
| Collateral Summary | |
| Initial Pool Balance: | $1,062.385mm |
| Number of Mortgage Loans: | 52 |
| Number of Mortgaged Properties: | 142 |
| Average Cut-off Date Mortgage Loan Balance: | $20.430mm |
| Weighted Average Mortgage Interest Rate: | 4.69063% |
| Weighted Average Remaining Term to Maturity/ARD (months): | 115 |
| Weighted Average Remaining Amortization Term (months): | 351 |
| Weighted Average Cut-off Date LTV Ratio: | 60.1% |
| Weighted Average Maturity Date/ARD LTV Ratio: | 54.9% |
| Weighted Average Underwritten Debt Service Coverage Ratio: | 1.80x |
| Weighted Average Debt Yield on Underwritten NOI: | 10.8% |
| % of Mortgaged Properties with Single Tenants: | 8.8% |
| % of Mortgage Loans with Mezzanine or Subordinate Debt: | 4.7% |
| Property Type: | 26.3% Office, 26.2% Retail, 18.8% Self Storage, 11.0% Hospitality, 7.7% Industrial, 7.4% Mixed Use, 2.4% Multifamily(Garden), 0.2% Manufactured Housing |
| Top 5 States: | 19.7% CA, 7.5% TX, 7.3% VA, 6.8% MN, 6.7% NJ |
| Risk Retention: | Vertical |
| Master Servicer: | Midland Loan Services, a Division of PNC Bank, National Association |
| Special Servicer: | LNR Partners, LLC |
| Operating Advisor: | Park Bridge Lender Services LLC |
| Controlling Class Rep: | LNR Securities Holdings, LLC |
| Trustee: | Wilmington Trust, National Association |
| Cert. Administrator: | Citibank, N.A. |
| Anticipated Timing: | |
| Anticipated Closing: | March 20, 2018 |
THIS FREE WRITING PROSPECTUS, DATED FEBRUARY 28, 2018 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., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Drexel Hamilton, LLC, The Williams Capital Group, L.P. 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.
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