GS Preps $230M Single Borrower CMBS

Goldman Sachs is readying a $230 million, single borrower commercial mortgage-backed securitization that is backed a loan secured by Pembroke Lakes Mall in Pembroke Pines, Florida.

The deal, GSMS 2013-PEMB is structured with five classes of certificates. Kroll Bonds Rating has assigned preliminary ratings of ‘AAA” to the $152.19 million class A notes; ‘AA-’ to the $33.82 million to the class B notes; ‘AA-’ to the $25.36 million class C notes; ‘BBB-’ to the $31.16 million class D notes; ‘BB’ to the $17.50 million class E notes, according to a presale report.