Goldman Sachs and Citigroup are marketing a $656 million CMBS, kick starting the CMBS primary after issuance took a quiet pause for the Commercial Real Estate Finance Council’s annual industry conference in Miami earlier in the week.
The deal follows Deutsche Bank and Cantor Fitzgerald's conduit CMBS announced earlier today.
According to a U.S. Securities and Exchange Commission deal prospectus filed today, GS Mortgage Securities Trust 2013-GC10, will be rated by Standard & Poor’s, DBRS and Fitch Ratings. The structure will offer eight tranches of ‘AAA’ rated notes .
The notes are backed by 61 fixed rate mortgage loans originated by Goldman Sachs Mortgage Company, Citigroup Global Markets Realty Corp., Archetype Mortgage Funding I LLC and MC-Five Mile Commercial Mortgage Finance LLC. The loans are secured by first liens on 93 commercial, multifamily and manufactured housing community properties located in 27 states.