Data and information management

Goldman Plans $568 Million in Mall CMBS

By Nora Colomer

Published February 21, 2013, 5:42 p.m. EST

1 Min Read

Goldman Sachs plans to issue $568 million in CMBS loans backed by fixed-rate loans that are secured on three malls.

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The deal, GS Mortgage Securities Trust 2013-1 has been assigned preliminary rating by DBRS. The capital structure offers investors three class A tranches, rated AAA; class B notes rated AA; A-rated class C notes; BBB-rated class D notes; and BB-rated class DM notes. All classes will be privately placed.

The collateral consists of three fixed-rate loans that are secured by two outlet malls and one regional mall—Great Lakes Crossing Outlets, Katy Mills and Deptford Mall—located in established suburban markets.

According to the DBRS presale report the class DM notes is a non-pooled subordinate B notes that represents the most junior $25.1 million of the Deptford Mall loan.

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Data and information management

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