FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-207132-01 | ||
From: CITI CMBS SYNDICATE (CITIGROUP GLOBAL MAR)
At: Jan 27 2016 09:17:07
CGCMT 2016-GC36 -- New Issue Announcement (Public)
991.214mm Fixed Rate CMBS Offering
Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets Inc. and Goldman, Sachs & Co.
Co-Managers: Cantor Fitzgerald & Co. and Drexel Hamilton, LLC
U/W NOI | ||||||
Class | Moody's/Fitch/KBRA | Size($mm) | WAL(yr) | C/E | Cum LTV | Debt Yld |
A-1 | Aaa(sf)/AAAsf/AAA(sf) | 42.973 | 2.92 | 30.000% | 44.7% | 14.1% |
A-2 | Aaa(sf)/AAAsf/AAA(sf) | 22.079 | 4.90 | 30.000% | 44.7% | 14.1% |
A-3 | Aaa(sf)/AAAsf/AAA(sf) | 33.518 | 6.81 | 30.000% | 44.7% | 14.1% |
A-4 | Aaa(sf)/AAAsf/AAA(sf) | 225.000 | 9.72 | 30.000% | 44.7% | 14.1% |
A-5 | Aaa(sf)/AAAsf/AAA(sf) | 415.175 | 9.86 | 30.000% | 44.7% | 14.1% |
A-AB | Aaa(sf)/AAAsf/AAA(sf) | 70.409 | 7.32 | 30.000% | 44.7% | 14.1% |
A-S | Aa2(sf)/AAAsf/AAA(sf) | 52.017 | 9.90 | 25.500% | 47.6% | 13.2% |
B | NR/AA-sf/AA(sf) | 75.136 | 9.90 | 19.000% | 51.7% | 12.2% |
C | NR/A-sf/A-(sf) | 54.907 | 9.90 | 14.250% | 54.8% | 11.5% |
X-A | Aa1(sf)/AAAsf/AAA(sf) | 861.171 | N/A | N/A | N/A | N/A |
X-B | NR/AA-sf/AAA(sf) | 75.136 | N/A | N/A | N/A | N/A |
Collateral Summary | |
Initial Pool Balance: | $1,155.935mm |
Number of Mortgage Loans: | 58 |
Number of Mortgaged Properties: | 104 |
Average Cut-off Date Mortgage Loan Balance: | $19.930mm |
Weighted Average Mortgage Interest Rate: | 4.7808% |
Weighted Average Remaining Term to Maturity (months): | 116 |
Weighted Average Remaining Amortization Term (months): | 356 |
Weighted Average Cut-off Date LTV Ratio: | 63.9% |
Weighted Average Maturity Date LTV Ratio: | 56.1% |
Weighted Average Underwritten Debt Service Coverage Ratio: | 1.55x |
Weighted Average Debt Yield on Underwritten NOI: | 9.8% |
% of Mortgage Loans with Mezzanine Debt: | 13.3% |
% of Mortgaged Properties with Single Tenants: | 6.3% |
Property Type: | 31.1% Office, 26.2% Retail, 13.4% Mixed Use, 12.0% Hospitality, 10.2% Land, 4.3% Self Storage, 1.2% Multifamily, 0.9% Industrial, 0.5% Manufactured Housing |
Top 5 States: | 15.1% TX, 14.6% NY, 9.5% CO, 9.3% IN, 8.2% CA |
Anticipated Timing | |
Global Investor Call: | Wed, January 27th |
Anticipated Pricing: | Week of February 1st |
Anticipated Closing: | Wed, February 17th |
Investor Call Details | |
Date: | Wed, January 27th |
Time: | 2:00 PM ET |
US Toll Free: | 719-325-2476 |
Passcode: | 8056465 |
Roadshow Schedule: | Thursday, January 28th |
Minneapolis, MN - Breakfast Meeting
-The Grand Hotel (Boardroom 2 Mississippi, 6th floor)
-615 Second Avenue South, Minneapolis, MN
-8:00 AM CT
Boston, MA – Breakfast Meeting
-Boston Harbor Hotel (John Phillips Salon, Lobby Level)
-70 Rowes Wharf, Boston, MA
-8:30 AM ET
Hartford, CT - Lunch Meeting
-Max Downtown (Private Dining Room)
-185 Asylum Street, Hartford, CT
-12:30 PM ET
<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. 333-207132) 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 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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