Commercial Mortgage Capital

Fixed-Rate Loan Program Indicative Terms

Property Type Eligibility

• Stabilized Properties Only

• Office Buildings, Anchored Retail Shopping Centers, Warehouse/Distribution Centers, Multifamily Apartments and Hotels on a very select, low-leveraged basis

Loan Amount
$20 million minimum  

Eligible Locations
MSAs with 100,000 minimum population, offering strong current and historical growth metrics, along with equilibrium in supply and demand for relevant property type

Loan-to-Value Ratio
70% LTV maximum

Debt Yield
Target 10% to 10.5% Debt Yield based on Underwritten Net Cash Flow

Loan Pricing
Fixed-rate approximately 6.00% to 7.00% - will vary based upon specific asset and leverage characteristics

Amortization
Maximum 30-Year Amortization Schedule. No Interest-Only Loans

Loan Term
5, 7, and 10-Year loan terms available

Origination Fee
Shall range from 0.5% to 1.0% of the Loan Amount, based upon specific asset and leverage characteristics

Processing Fee
$15,000 minimum

Borrowing Entity
Must be bankruptcy-remote, Special Purpose Entity, Tenants-in-Common ownership not allowed

Recourse
Loan shall be Non-Recourse, with standard Non-Recourse Carve-Outs

Reserves
Reserves shall be required for capital items such as Replacements, Tenant Improvements and Leasing Commissions

Prepayment Option
Loan may be prepaid after the 24th month, subject to Defeasance

Loan Servicing
GSCMC, or assignee, shall service the Loan

Goldman Sachs Commercial Mortgage Capital, L.P. (GSCMC) is a wholly-owned subsidiary of Goldman Sachs Bank USA. The information and loan terms set forth above are provided for informational purposes only and are not to be used or considered as an offer or a solicitation to make a loan. These terms are indicative and subject to change at any time without notice. The loan product described above may not be available in all geographic areas and your qualification for this product is subject to final determination by GSCMC and/or its affiliates.