Goldman Sachs is in the market with GS Mortgage Securities Trust, Series 2011-GC3. The more than $1.4 billion deal is backed by 57 fixed-rate loans secured by 111 commercial properties.

The trust assets, which are from two loans that represent 5.8% of the pool, are shadow-rated investment grade by DBRS. When 5.8% of the pool has no proceeds assigned below the rated floor, the resulting pool subordination is reduced to below that rated floor, the rating agency said.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.