FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-189017-11 | ||
From: Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR) [mailto:ccitigroup6@bloomberg.net]
Sent: Tuesday, September 08, 2015 8:26 AM
Subject: CGCMT 2015-GC33 -- New Issue Announcement (Public)
CGCMT 2015-GC33 -- New Issue Announcement (Public)
879.413mm Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets Inc. and Goldman, Sachs & Co.
Co-Manager: Drexel Hamilton, LLC
U/W NOI | ||||||
Class | Moody's/Fitch/MSTR | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
A-1 | Aaa(sf)/AAAsf/AAA | 31.785 | 2.83 | 30.000% | 46.6% | 15.1% |
A-2 | Aaa(sf)/AAAsf/AAA | 15.217 | 4.86 | 30.000% | 46.6% | 15.1% |
A-3 | Aaa(sf)/AAAsf/AAA | 220.000 | 9.83 | 30.000% | 46.6% | 15.1% |
A-4 | Aaa(sf)/AAAsf/AAA | 331.456 | 9.87 | 30.000% | 46.6% | 15.1% |
A-AB | Aaa(sf)/AAAsf/AAA | 72.484 | 7.44 | 30.000% | 46.6% | 15.1% |
A-S | Aa2(sf)/AAAsf/AAA | 47.924 | 9.95 | 25.000% | 50.0% | 14.1% |
B | NR/AA-sf/AA- | 62.302 | 9.95 | 18.500% | 54.3% | 13.0% |
C | NR/A-sf/A- | 41.934 | 9.95 | 14.125% | 57.2% | 12.3% |
D | NR/BBB-sf/BBB- | 56.311 | 9.95 | 8.250% | 61.1% | 11.5% |
X-A | Aa1(sf)/AAAsf/AAA | 718.866 | N/A | N/A | N/A | N/A |
X-B | NR/AA-sf/AAA | 62.302 | N/A | N/A | N/A | N/A |
X-D | NR/BBB-sf/BBB- | 56.311 | N/A | N/A | N/A | N/A |
Collateral Summary | |
Initial Pool Balance: | $958.489mm |
Number of Mortgage Loans: | 64 |
Number of Mortgaged Properties: | 92 |
Average Cut-off Date Mortgage Loan Balance: | $14.976mm |
Weighted Average Mortgage Interest Rate: | 4.5900% |
Weighted Average Remaining Term to Maturity (months): | 119 |
Weighted Average Remaining Amortization Term (months): | 359 |
Weighted Average Cut-off Date LTV Ratio: | 66.6% |
Weighted Average Maturity Date LTV Ratio: | 57.4% |
Weighted Average Underwritten Debt Service Coverage Ratio: | 1.66x |
Weighted Average Debt Yield on Underwritten NOI: | 10.6% |
% of Mortgage Loans with Subordinate Debt: | 4.6% |
% of Mortgaged Properties with Single Tenants: | 5.2% |
Property Type: 26.5% Office, 22.8% Hospitality, 22.5% Retail,13.1% Multifamily, 6.2% Self Storage, 4.8% Mixed Use, 4.1% Industrial
Top 5 States: 16.8% IL, 14.0% CA, 8.1% NY, 7.9% TX, 7.7% NC
Anticipated Timing | |
Global Investor Call: | Tue, September 8th |
Anticipated Pricing: | Week of September 14th |
Anticipated Closing: | Tue, September 29th |
Investor Call Details | |
Date: | Tue, September 8th |
Time: | 2:00 PM ET |
US Toll Free: | 719-325-2357 |
Passcode: | 9097151 |
Roadshow Schedule: | Wed, September 9th |
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel (John Phillips Salon)
-70 Rowes Wharf, Boston, MA
-8:30 AM ET
Hartford, CT - Lunch Meeting
-Maxx Downtown
-185 Asylum Street, Hartford, CT
-12:30 PM ET
Minneapolis, MN - Breakfast Meeting
-The Grand Minneapolis (Harriet/Cedar Lakes Room)
-615 Second Avenue South, Minneapolis, MN
-9:00 AM CT
<Annex A>
<Term Sheet>
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.
-------------------------------------------------------------------------------
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.