Goldman Sachs plans to securitize a portion of a $650 million commercial mortgage loan that is secured by the IBM Building located on 590 Madison Avenue between 56th and 57th Streets in New York City, according to Kroll Bond Rating Agency.

GSMS 2015-590M collateral consists of a $119.4 million senior A note and a $280.6 million subordinate B note. The remaining portion of the whole mortgage loan, which is not trust collateral, consists of two senior A notes totaling $250.0 million. The non-trust A notes are expected to be securitized in one or more future CMBS conduit transactions.

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