Professional Documents
Culture Documents
Lead Underwriter: Goldman, Sachs & Co., Greenwich Capital Currency: USD Deal Type: Conduit Master Servicer: Wachovia Bank
Markets, Inc., Banc of America Securities LLC,
Credit Suisse First Boston LLC, Morgan Stanley
& Co. Inc. aWachovia Capital Markets, LLC
Cut-off Balance: $2,627,155,095 Cut-off Loan Count: 126 Cut-off Date: 05/01/2004 Trustee: LaSalle NB Special Servicer: Lennar Partners, Inc
Tape Date 11/10/2006 DSCR LTV Balance $2,484,643,229 WACg 5.4934% WACn 5.4934% Current 100.00% In Bankruptcy $(000's) %
Settle Date 11/16/2006 Cut-off 1.65x 69.6% Factor 94.5754% Age 34 WAMP 65 Late 1 Month 0.00% Special Serviced $0 0.0%
Record Date 11/30/2006 Current 2.24x 59.9% Loans 125 WAML 0 WAMM 69 Late 2 Months 0.00% Other $0 0.0%
Next Pay 12/10/2006 Maturity 2.38x 53.9% WAL 5.46 WAMYM 65 WAMO 69 Late 3+ Months 0.00% Total $0 0.0%
BOND SUMMARY
Bond CUSIP Type S&P FII Moodys Original Factor Orig.Sub Cur.Sub Coupon Life(!CPR=0) Principal Window
A-1 396789FM6 P&I AAA AAA Aaa $23,421,000 0.000% 14.250% NA 1.79% NA NA NA
A-2 396789FN4 P&I AAA AAA Aaa $150,541,000 21.007% 14.250% 15.075% 3.84% 0.493 12/10/2006 11/10/2007
A-3 396789FP9 P&I AAA AAA Aaa $274,000,000 100.000% 14.250% 15.075% 4.34% 1.936 11/10/2007 03/10/2009
A-4 396789FQ7 P&I AAA AAA Aaa $296,000,000 100.000% 14.250% 15.075% 4.76% 3.130 03/10/2009 09/10/2010
A-5 396789FR5 P&I AAA AAA Aaa $381,830,000 100.000% 14.250% 15.075% 4.88% 4.249 09/10/2010 05/10/2011
A-6 396789FS3 P&I AAA AAA Aaa $100,000,000 100.000% 14.250% 15.075% 5.13% 4.557 05/10/2011 01/10/2012
A-7 396789FT1 P&I AAA AAA Aaa $1,005,555,000 100.000% 14.250% 15.075% 5.32% 7.040 01/10/2012 04/10/2014
B 396789FU8 P&I AA AA Aa2 $61,802,000 100.000% 11.875% 12.562% 5.43% 7.400 04/10/2014 04/10/2014
C 396789FV6 P&I AA- AA- Aa3 $26,021,000 100.000% 10.875% 11.504% 5.47% 7.400 04/10/2014 04/10/2014
D 396789FW4 P&I A A A2 $52,043,000 100.000% 8.875% 9.389% WAC-18b 7.400 04/10/2014 04/10/2014
E 396789FX2 P&I A- A- A3 $32,527,000 100.000% 7.625% 8.066% WAC-10b 7.400 04/10/2014 04/10/2014
F 396789FY0 P&I BBB+ BBB+ Baa1 $32,527,000 100.000% 6.375% 6.744% WAC-0b 7.474 04/10/2014 05/10/2014
G 396789FZ7 P&I BBB BBB Baa2 $26,022,000 100.000% 5.375% 5.686% WAC-0b 7.483 05/10/2014 05/10/2014
H 396789GA1 P&I BBB- BBB- Baa3 $39,032,000 100.000% 3.875% 4.099% WAC-0b 7.483 05/10/2014 05/10/2014
J 396789GB9 P&I BB+ BB+ Ba1 $6,505,000 100.000% 3.625% 3.835% 5.45% 7.483 05/10/2014 05/10/2014
K 396789GC7 P&I BB BB Ba2 $13,011,000 100.000% 3.125% 3.306% 5.45% 7.483 05/10/2014 05/10/2014
L 396789GD5 P&I BB- BB- Ba3 $13,011,000 100.000% 2.625% 2.777% 5.45% 7.483 05/10/2014 05/10/2014
M 396789GE3 P&I B+ B+ B1 $9,758,000 100.000% 2.250% 2.380% 5.45% 7.483 05/10/2014 05/10/2014
N 396789GF0 P&I B B B2 $9,758,000 100.000% 1.875% 1.984% 5.45% 7.483 05/10/2014 05/10/2014
O 396789GG8 P&I B- B- B3 $6,506,000 100.000% 1.625% 1.719% 5.45% 7.483 05/10/2014 05/10/2014
P 396789GH6 P&I NR NR NR $42,285,095 100.000% 0.000% 0.000% 5.45% 7.736 05/10/2014 04/10/2019
X-P 396789GJ2 IO AAA AAA Aaa $2,460,098,000 91.222% 0.000% NA ** 3.437 12/10/2006 05/10/2011
X-C 396789GK9 IO AAA AAA Aaa $2,602,155,095 94.530% 0.000% NA WAC/IO 5.448 12/10/2006 03/10/2019
OEA-B1 396789GL7 P&I NA NA NA $10,500,000 99.302% 0.000% 0.000% 6.62% 7.007 12/10/2006 04/10/2014
OEA-B2 396789GM5 P&I NA NA NA $14,500,000 99.302% 0.000% 0.000% 6.62% 7.007 12/10/2006 04/10/2014
R SPC2879DA Residual NA NA NA NA NA NA NA NA NA NA NA
LOAN SUMMARY
Ten Largest Loans ID City State Sector Status Originator Balance Pct. Coupon Due Protection*** Occ DSCR LTV
885 Third 1 New York NY Office PERFORM Goldman Sachs $150,000,000 6.04% 4.53% 03/2011 D(48), O(4) 96.0% 2.36x 62.0%
111 Eighth 2 New York NY Office PERFORM Greenwich Capital $148,456,464 5.97% 5.50% 04/2014 D(85), O(4) 100.0% 2.02x 18.5%
660 Madison 3 New York NY Office PERFORM Greenwich Capital $119,594,168 4.81% 7.20% 12/2013 D(82), O(3) 93.0% 1.22x 70.3%
Aegon Center 4 Jefferson KY Office PERFORM Greenwich Capital $108,550,000 4.37% 6.42% 04/2014 D(86), O(3) 96.0% 1.48x 79.8%
Greensboro 6 Fairfax VA Office PERFORM Greenwich Capital $86,179,746 3.47% 5.68% 05/2014 D(86), O(4) 99.0% 1.75x 62.8%
Wells Fargo 7 Los Angeles CA Office PERFORM Greenwich Capital $86,028,182 3.46% 4.68% 07/2010 D(40), O(4) NA 1.70x 23.9%
Southland 5 Alameda CA Retail Anchored PERFORM Goldman Sachs $85,629,590 3.45% 3.62% 03/2009 D(23), O(5) 94.0% 2.51x 58.1%
Deerbrook 8 Harris TX Retail Anchored PERFORM Goldman Sachs $79,331,864 3.19% 3.46% 03/2009 D(23), O(5) 100.0% 2.24x 54.6%
801 Figueroa 10 Los Angeles CA Office DEFEASED Greenwich Capital $75,965,405 3.06% 5.59% 05/2011 D(51), O(3) 93.9% 1.46x 73.7%
237 Park Avenue 11 New York NY Office PERFORM Greenwich Capital $67,333,333 2.71% 5.79% 11/2010 D(44), O(4) 99.0% 1.55x 14.6%
Property State Count Balance Pct. Cum. Perform DSCR LTV Pct Apt Pct Hotel Pct Office Pct Retail Pct Ind Pct CTL Pct Other
New York 12 $618,516,842 24.9% 24.9% 100.0% 3.08x 46.2% 0.0% 0.0% 86.2% 10.7% 0.0% 0.0% 3.1%
California 22 $457,002,851 18.4% 43.3% 100.0% 1.76x 60.3% 0.0% 5.0% 41.7% 51.0% 0.9% 0.0% 1.3%
Texas 11 $197,951,690 8.0% 51.3% 100.0% 2.08x 58.2% 3.4% 0.0% 29.7% 61.9% 0.0% 0.0% 4.9%
Illinois 6 $160,868,751 6.5% 57.7% 100.0% 1.67x 53.4% 0.0% 0.0% 42.8% 56.1% 0.0% 0.0% 1.1%
Virginia 4 $123,933,809 5.0% 62.7% 100.0% 1.77x 65.2% 0.0% 0.0% 73.1% 26.9% 0.0% 0.0% 0.0%
Kentucky 1 $108,550,000 4.4% 67.1% 100.0% 1.48x 79.8% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0%
Ohio 4 $77,645,631 3.1% 70.2% 100.0% 1.67x 76.0% 0.0% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0%
Connecticut 4 $70,669,217 2.8% 73.1% 100.0% 1.77x 69.7% 0.0% 0.0% 48.2% 15.1% 8.1% 0.0% 28.7%
Georgia 6 $61,421,794 2.5% 75.5% 100.0% 1.75x 70.5% 0.0% 0.0% 23.2% 76.8% 0.0% 0.0% 0.0%
Hawaii 2 $59,565,905 2.4% 77.9% 100.0% 1.64x 76.8% 0.0% 0.0% 81.9% 18.1% 0.0% 0.0% 0.0%
other 46 $362,763,788 14.6% 92.5% 100.0% 2.18x 70.6% 18.4% 4.7% 30.9% 36.1% 4.5% 0.0% 5.5%
All Loans 125 $2,484,643,229 100.0% 100.0% 100.0% 2.24x 59.9% 3.0% 1.6% 50.8% 35.0% 5.6% 0.0% 4.0%
Property MSA Count Balance Pct. Cum. Perform DSCR LTV Pct Apt Pct Hotel Pct Office Pct Retail Pct Ind Pct CTL Pct Other
New York, NY[5600] 10 $610,073,377 24.6% 24.6% 100.0% 3.10x 45.8% 0.0% 0.0% 87.4% 10.5% 0.0% 0.0% 2.1%
Los Angeles-Long Beach,* 4 $228,619,969 9.2% 33.8% 100.0% 1.55x 55.9% 0.0% 0.0% 70.9% 29.1% 0.0% 0.0% 0.0%
Unknown MSA[other] 9 $196,220,702 7.9% 41.7% 100.0% 2.87x 57.0% 0.0% 0.0% 1.8% 25.7% 57.9% 0.0% 14.7%
Chicago, IL[1600] 5 $146,118,471 5.9% 47.5% 100.0% 1.69x 51.0% 0.0% 0.0% 47.1% 51.7% 0.0% 0.0% 1.2%
Washington, DC-MD-VA-* 4 $131,732,557 5.3% 52.8% 100.0% 3.12x 59.4% 0.0% 0.0% 74.7% 25.3% 0.0% 0.0% 0.0%
Houston, TX[3360] 3 $126,307,549 5.1% 57.9% 100.0% 2.33x 49.5% 0.0% 0.0% 37.2% 62.8% 0.0% 0.0% 0.0%
Louisville, KY-IN[4520] 1 $108,550,000 4.4% 62.3% 100.0% 1.48x 79.8% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0%
Oakland, CA[5775] 1 $85,629,590 3.4% 65.7% 100.0% 2.51x 58.1% 0.0% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0%
Honolulu, HI[3320] 2 $59,565,905 2.4% 68.1% 100.0% 1.64x 76.8% 0.0% 0.0% 81.9% 18.1% 0.0% 0.0% 0.0%
Not a metro area[0000] 7 $50,107,106 2.0% 70.1% 100.0% 1.96x 68.5% 10.7% 11.6% 0.0% 70.3% 0.0% 0.0% 7.4%
other 79 $741,718,002 29.9% 100.0% 100.0% 1.66x 72.4% 9.2% 4.6% 26.0% 49.6% 3.5% 0.0% 7.0%
All Loans 125 $2,484,643,229 100.0% 100.0% 100.0% 2.24x 59.9% 3.0% 1.6% 50.8% 35.0% 5.6% 0.0% 4.0%
PROPERTY SUMMARY
GCCFC 2004- GG1
Ten Largest Properties Loan City State MSA Sector Year Built Square Feet Appraisal
111 Eighth 111 Eighth New York NY 5600 Office 1932 2941646 $800,000,000
237 Park Avenue 237 Park Avenue New York NY 5600 Office 1935 1149789 $460,000,000
Wells Fargo Wells Fargo Los Angeles CA 4480 Office 1982 1382326 $360,000,000
Water Tower Water Tower Cook IL 1600 Retail Anchored 1975 821724 $335,000,000
111 Eighth 111 Eighth New York NY 5600 Office 1932 2941646 $266,000,000
DDR Portfolio DDR Portfolio Vr VR other Retail Anchored NA 2907608 $249,000,000
885 Third 885 Third New York NY 5600 Office 1986 586589 $242,000,000
1801 K Street 1801 K Street Washington DC DC 8840 Office 1971 563795 $187,000,000
660 Madison 660 Madison New York NY 5600 Office 1956 267015 $170,000,000
Southland Southland Alameda CA 5775 Retail Anchored 1964 1011998 $147,000,000
State Count Appraisal Pct Apartment Pct Hotel Pct Office Pct Retail Pct Industrial Pct CTL Pct Other
New York 12 $2,136,930,000 0.0% 0.0% 58.3% 16.7% 0.0% 0.0% 25.0%
California 22 $913,520,000 0.0% 9.1% 22.7% 54.5% 4.5% 0.0% 9.1%
Illinois 6 $483,350,000 0.0% 0.0% 33.3% 50.0% 0.0% 0.0% 16.7%
Texas 11 $358,880,000 9.1% 0.0% 27.3% 54.5% 0.0% 0.0% 9.1%
Virginia 4 $190,400,000 0.0% 0.0% 50.0% 50.0% 0.0% 0.0% 0.0%
District of Columbia 1 $187,000,000 0.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0%
Kentucky 1 $136,000,000 0.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0%
Ohio 4 $102,140,000 0.0% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0%
Connecticut 4 $101,700,000 0.0% 0.0% 25.0% 25.0% 25.0% 0.0% 25.0%
Georgia 6 $88,425,000 0.0% 0.0% 50.0% 50.0% 0.0% 0.0% 0.0%
other 47 $567,553,000 19.1% 4.3% 23.4% 40.4% 6.4% 0.0% 6.4%
All Properties 125 $5,723,048,000 8.0% 3.2% 29.6% 42.4% 7.2% 0.0% 9.6%
MSA Count Appraisal Pct Apartment Pct Hotel Pct Office Pct Retail Pct Industrial Pct CTL Pct Other
New York, NY[5600] 10 $2,125,590,000 0.0% 0.0% 70.0% 10.0% 0.0% 0.0% 20.0%
Los Angeles-Long Beach, CA[4480] 4 $549,500,000 0.0% 0.0% 50.0% 50.0% 0.0% 0.0% 0.0%
Unknown MSA[other] 9 $471,700,000 0.0% 0.0% 11.1% 22.2% 44.4% 0.0% 22.2%
Chicago, IL[1600] 5 $464,350,000 0.0% 0.0% 40.0% 40.0% 0.0% 0.0% 20.0%
Washington, DC-MD-VA-WV[8840] 4 $371,700,000 0.0% 0.0% 50.0% 50.0% 0.0% 0.0% 0.0%
Houston, TX[3360] 3 $261,000,000 0.0% 0.0% 66.7% 33.3% 0.0% 0.0% 0.0%
Oakland, CA[5775] 1 $147,000,000 0.0% 0.0% 0.0% 100.0% 0.0% 0.0% 0.0%
Louisville, KY-IN[4520] 1 $136,000,000 0.0% 0.0% 100.0% 0.0% 0.0% 0.0% 0.0%
Not a metro area[0000] 7 $78,350,000 14.3% 14.3% 0.0% 57.1% 0.0% 0.0% 14.3%
Honolulu, HI[3320] 2 $77,500,000 0.0% 0.0% 50.0% 50.0% 0.0% 0.0% 0.0%
other 79 $1,040,358,000 11.4% 3.8% 24.1% 46.8% 6.3% 0.0% 7.6%
All Properties 125 $5,723,048,000 8.0% 3.2% 29.6% 42.4% 7.2% 0.0% 9.6%
LEASE SUMMARY
GCCFC 2004- GG1
Ten Largest Leases Property Expiration Periods Left Occupancy Exposure At Will Rent Square Feet
Latham & Watkins LLP 885 Third 02/28/2006 0 38.5% $57,694,570 No NA NA
Aegon Aegon Center 12/31/2012 75 32.6% $35,414,607 No NA NA
Xerox Corporation Xerox Corporate 11/30/2023 206 100.0% $34,058,448 No NA NA
J Walter Thompson Company 237 Park Avenue 08/31/2006 0 39.7% $26,711,760 No NA NA
Credit Suisse Asset Mgmt 237 Park Avenue 10/31/2014 97 29.9% $20,128,455 No NA NA
Squire Sanders 801 Figueroa 10/04/2007 12 26.3% $19,982,434 No NA NA
Federal/Chubb Insurance 801 Figueroa 02/29/2008 17 25.9% $19,712,245 No NA NA
Marshall Field's Water Tower 01/31/2011 52 35.1% $18,921,412 No NA NA
The Corcoran Group 660 Madison 05/31/2008 20 15.6% $18,617,123 No NA NA
Greenberg & Traurig 885 Third 06/30/2008 21 12.0% $18,000,593 No NA NA
Tenant Count Exposure Pct. Cum. Periods Left Income Rating Star Rating Default Prob
Latham & Watkins LLP 1 $57,694,570 5.5% 5.5% 0 61 4 0.1277
Aegon 1 $35,414,607 3.4% 8.9% 75 66 4 0.1202
Xerox Corporation 1 $34,058,448 3.3% 12.2% 206 44 3 0.1949
J Walter Thompson Company 1 $26,711,760 2.6% 14.8% 0 40 3 0.1949
Credit Suisse Asset Mgmt 1 $20,128,455 1.9% 16.7% 97 4 1 0.7403
Squire Sanders 1 $19,982,434 1.9% 18.6% 12 73 4 0.0748
Federal/Chubb Insurance 1 $19,712,245 1.9% 20.5% 17 27 2 0.3291
Marshall Field's 1 $18,921,412 1.8% 22.3% 52 68 4 0.105
The Corcoran Group 1 $18,617,123 1.8% 24.1% 20 54 4 0.1503
Greenberg & Traurig 1 $18,000,593 1.7% 25.9% 21 56 4 0.1503
other 264 $771,895,311 74.1% 100.0% 91 NA NA NA
All Leases 274 $1,041,136,958 100.0% 100.0% 81 NA NA NA
TENANT SUMMARY
Highest Rated Tenants Description Income Rating Star Rating Default Prob Country
Summit National Bank NA 87 5 0.0167 USA
Wolfpack Club SOCIAL SERVICES, NEC 86 5 0.0167 USA
Young & Rubicam, Inc. NA 86 5 0.0167 USA
Columbia Skin Clinic, P.A. NA 85 5 0.0167 USA
Collins Interiors, Inc. BUSINESS SERVICES, NEC 85 5 0.0167 USA
Troika Dialog NA 85 5 0.0167 USA
Cardiovascular Group, PC NA 85 5 0.0167 USA
Marietta Eye Clinic OPHTHALMOLOGISTS 85 5 0.0167 USA
Secure Payment Systems NA 84 5 0.0261 USA
Stites & Harbison NA 84 5 0.0261 USA
Lowest Rated Tenants Description Income Rating Star Rating Default Prob Country
Sprint Communications NA 1 1 0.7403 USA
Priority Primary Care, PC NA 2 1 0.7403 USA
Credit Suisse Asset Mgmt NA 4 1 0.7403 USA
Bruno's NA 8 1 0.468 USA
Accenture NA 9 1 0.468 USA
New York Life Insurance Co. NA 10 1 0.468 USA
Robert Principe Television NA 12 1 0.468 USA
MetLife NA 16 2 0.468 USA
Ultimate Electronics NA 21 2 0.468 USA
The Magnolia Operating Group NA 25 2 0.3291 USA
** See Prospectus
*** L=Locked, YM=Yield Maintenance, FP=Fixed Penalty, O=Open