Goldman Sachs and Citigroup are marketing a $656 million CMBS, kick starting the CMBS primary after issuance took a quiet pause for the Commercial Real Estate Finance Council’s annual industry conference in Miami earlier in the week.
The deal follows
According to a U.S. Securities and Exchange Commission deal prospectus filed today, GS Mortgage Securities Trust 2013-GC10, will be rated by Standard & Poor’s, DBRS and Fitch Ratings. The structure will offer eight tranches of ‘AAA’ rated notes .
The notes are backed by 61 fixed rate mortgage loans originated by Goldman Sachs Mortgage Company, Citigroup Global Markets Realty Corp., Archetype Mortgage Funding I LLC and MC-Five Mile Commercial Mortgage Finance LLC. The loans are secured by first liens on 93 commercial, multifamily and manufactured housing community properties located in 27 states.
