FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-189017-07 | ||
From: CITI CMBS SYNDICATE (CITIGROUP GLOBAL MAR)
At: Jan 20 2015 13:12:37
CGCMT 2015-GC27 -- New Issue Announcement (Public)
$1,040.295mm Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets Inc. and Goldman, Sachs & Co.
Co-Managers: Morgan Stanley & Co. LLC and Drexel Hamilton, LLC
Class | Moody's/KBRA/DBRS | Size($mm) | WAL(yr) | C/E | Cum LTV | U/W NOI |
Debt Yld | ||||||
A-1 | Aaa(sf)/AAA(sf)/AAA(sf) | 43.807 | 2.69 | 30.000% | 47.2% | 14.0% |
A-2 | Aaa(sf)/AAA(sf)/AAA(sf) | 49.712 | 4.86 | 30.000% | 47.2% | 14.0% |
A-3 | Aaa(sf)/AAA(sf)/AAA(sf) | 17.250 | 6.84 | 30.000% | 47.2% | 14.0% |
A-4 | Aaa(sf)/AAA(sf)/AAA(sf) | 250.000 | 9.70 | 30.000% | 47.2% | 14.0% |
A-5 | Aaa(sf)/AAA(sf)/AAA(sf) | 398.793 | 9.82 | 30.000% | 47.2% | 14.0% |
A-AB | Aaa(sf)/AAA(sf)/AAA(sf) | 76.256 | 7.25 | 30.000% | 47.2% | 14.0% |
A-S | Aa1(sf)/AAA(sf)/AAA(sf) | 77.612 | 9.84 | 23.500% | 51.6% | 12.8% |
B | Aa3(sf)/AA(sf)/AA(sf) | 56.716 | 9.85 | 18.750% | 54.8% | 12.1% |
C | NR/A-(sf)/A(low)(sf) | 70.149 | 9.92 | 12.875% | 58.8% | 11.3% |
X-A | Aa1(sf)/AAA(sf)/AAA(sf) | 913.430 | N/A | N/A | N/A | N/A |
X-B | NR/AAA(sf)/AAA(sf) | 126.865 | N/A | N/A | N/A | N/A |
Collateral Summary | |
Initial Pool Balance: | $1,194.026mm |
Number of Mortgage Loans: | 100 |
Number of Mortgaged Properties: | 116 |
Average Cut-off Date Mortgage Loan Balance: | $11.940mm |
Weighted Average Mortgage Interest Rate: | 4.4510% |
Weighted Average Remaining Term to Maturity/ARD (months): | 115 |
Weighted Average Remaining Amortization Term (months): | 356 |
Weighted Average Cut-off Date LTV Ratio: | 67.5% |
Weighted Average Maturity Date/ARD LTV Ratio: | 58.6% |
Weighted Average Underwritten Debt Service Coverage Ratio: | 1.62x |
Weighted Average Debt Yield on Underwritten NOI: | 9.8% |
% of Mortgage Loans with Subordinate Debt: | 18.4% |
% of Mortgaged Properties with Single Tenants: | 9.9% |
Property Type: | 38.0% Retail, 21.6% Office, 19.6% Multifamily, 8.9% Hospitality, |
4.9% Mixed Use, 3.6% Self Storage, 3.5% Industrial | |
Top 5 States: | 15.0% NY, 8.6% IL, 8.6% CA, 8.4% TX, 6.7% NC |
Anticipated Timing | |
Global Investor Call: | Tue, Jan 20th |
Anticipated Pricing: | Week of Jan 20th |
Anticipated Closing: | Mon, Feb 9th |
Investor Call Details | |
Date: | Tue, Jan 20th |
Time: | 2:00PM EST |
US Toll Free: | 719-325-4829 |
Passcode: | 8773033 |
Roadshow Schedule
Wed, Jan 21st
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel - John Foster Salon
-70 Rowes Wharf, Boston, MA
-8:30AM EST
Hartford, CT - Lunch Meeting
-Trumbull Kitchen - The Loft
-150 Trumbull St, Hartford, CT
-12:30PM EST
Minneapolis, MN - Breakfast Meeting
-The Grand Minneapolis - Lake Calhoun Room
-615 Second Avenue South, Minneapolis, MN -8:00AM CST
Term Sheet
<ATTACHED>
Annex A
<ATTACHED>
The information in this free writing prospectus is preliminary and may be supplemented or changed prior to the time of sale.
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-189017) 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 you the prospectus if you request it by calling toll-free 1-800-831-9146.
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