A GS CMBS Benchmark Experiences Shortfalls, Says BarCap

Barclays Capital says a AA-rated Goldman Sachs commercial mortgage-backed securities pool, the benchmark GSMS 2007-GG10 transaction, has experienced shortfalls.

  • 28 Sep 2010
Barclays Capital says a AA-rated Goldman Sachs commercial mortgage-backed securities pool, the benchmark GSMS 2007-GG10 transaction, has experienced shortfalls. The shortfalls, which occur when fees and expenses related to the troubled loans lower the amount of interest available for the CMBS bonds, are blamed on a “non-recoverable” Holiday ...

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1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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