0001539497-19-001833.txt : 20191030 0001539497-19-001833.hdr.sgml : 20191030 20191030144706 ACCESSION NUMBER: 0001539497-19-001833 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20191030 DATE AS OF CHANGE: 20191030 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 CENTRAL INDEX KEY: 0001791183 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-228597-03 FILM NUMBER: 191179534 BUSINESS ADDRESS: STREET 1: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128165343 MAIL ADDRESS: STREET 1: 390 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: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128165343 MAIL ADDRESS: STREET 1: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 FWP 1 n1840_x11-pricingdetails.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-228597-03

From: Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR) [REDACTED]
Sent: Tuesday, October 29, 2019 12:42 PM
Subject: CGCMT 2019-GC43 -- Final Pricing Details (Public)

CGCMT 2019-GC43 -- Final Pricing Details (Public)

$936.873mm Fixed Rate CMBS Offering

Co-Lead Managers and Joint Bookrunners: Citigroup, Goldman Sachs & Co. LLC

Co-Managers: Deutsche Bank Securities Inc., Academy Securities, Inc., Drexel Hamilton, LLC

Class	S&P/Fitch/KBRA	Size($mm)	WAL	Spread	Coupon	Yield	Price
A-1	AAA(sf)/AAAsf/AAA(sf)	8.955	2.97	S+42	2.06300	2.054	99.99799
A-2	AAA(sf)/AAAsf/AAA(sf)	41.294	4.91	S+70	2.98200	2.330	102.99914
A-3	AAA(sf)/AAAsf/AAA(sf)	133.000	9.66	S+93	2.78200	2.672	100.99393
A-4	AAA(sf)/AAAsf/AAA(sf)	434.302	9.81	S+95	3.03800	2.697	102.99634
A-AB	AAA(sf)/AAAsf/AAA(sf)	13.585	7.40	S+84	2.95900	2.516	102.99761
A-S	AA+(sf)/AAAsf/AAA(sf)	54.097	9.91	S+121	3.30000	2.960	102.99583
B	NR/AA-sf/AA-(sf)	57.479	9.91	S+140	3.49100	3.150	102.99262
C	NR/A-sf/A-(sf)	42.827	9.97	S+185	3.62190	3.602	100.66566

Collateral Summary
Initial Pool Balance:	$936.873mm
Number of Mortgage Loans:	34
Number of Mortgaged Properties:	75
Average Cut-off Date Mortgage Loan Balance:	$27.555mm
Weighted Average Mortgage Interest Rate:	3.63792%
Weighted Average Remaining Term to Maturity/ARD (months):	115
Weighted Average Remaining Amortization Term (months):	359
Weighted Average Cut-off Date LTV Ratio:	61.6%
Weighted Average Maturity Date/ARD LTV Ratio:	60.0%
Weighted Average Underwritten NCF Debt Service Coverage Ratio:	2.47x
Weighted Average Debt Yield on Underwritten NOI:	10.0%
% of Mortgaged Properties with Single Tenants:	45.1%
% of Mortgage Loans with Mezzanine Debt:	0.0%
% of Mortgage Loans with Subordinate Debt:	16.5%


Property Type:	51.3% Office, 21.7% Retail, 8.7% Mixed Use, 6.4% Multifamily, 6.1% Industrial, 4.0% Hospitality, 1.7% Self Storage

Top 5 States:	20.2% Texas, 16.9% California, 15.7% New York, 9.9% Nevada, 7.3% Florida

Risk Retention:	L-Shaped

Master Servicer:	Wells Fargo Bank, National Association
Special Servicer:	Rialto Capital Advisors, LLC
Operating Advisor:	Park Bridge Lender Services LLC
Trustee:	Wilmington Trust, National Association
Cert. Administrator:	Citibank, N.A.


Anticipated Timing:

Anticipated Settlement:	11/13/2019

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, ANY DIRECTING HOLDER, ANY 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.

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-228597) 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 any 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.

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.