More CMBS paper is on the way with the latest issue coming from the Goldman Sachs, Citigroup and Jefferies as joint lead managers on the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.

The deal will offer investors Standard & Poor’s and Fitch Ratings rated paper, according to a preliminary collateral term sheet.

The class A-1, ‘AAA’/ ‘AAA’ notes are structured with an average life maturity of 2.54-years; the class A-2, ‘AAA’/ ‘AAA’ notes are structured with an average life maturity of 4.83- years; the  ‘AAA’/ ‘AAA’, class A-3 notes are offered with an average life maturity of 9.74-years; the class A-4 notes also rated ‘AAA’/ ‘AAA’ are offered with an average life maturity of 9.89-years; and the A-AB notes rated ‘AAA’/ ‘AAA’ are structured with an average life maturity of 7.27-years.

The capital structure will also include A-S notes, rated ‘AAA’/ ‘AAA’; B notes rated ‘AA-‘/ ‘AA-‘; and C notes rated ‘A-‘/ A-‘ that are all structured with average life maturity of 9.94 years.

The mortgage pool is backed by 78 fixed-rate commercial mortgage loans that are secured by 106 mortgaged properties located throughout 29 states and the District of Columbia. The deal is expected to close early next week.

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