GS Mortgage Securities Trust 2021-GSA3

Tranches, pool and monthly delinquency indicator for GS Mortgage Securities Trust 2021-GSA3.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $625.1M (December 2021)
Original pool balance: $268.6M
Loans at issuance: 39
Closing date: 2021-12-23
Weighted average coupon at issuance: 3.68%
Weighted average LTV at issuance: 51.8%
30+ delinquent (latest): 0.00%
Realized stress score: 0.0
Net rating change since issuance: +0.04 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$8.6M	98.63%	1.367% fixed	36263UAJ8	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-2	$16.7M	95.95%	2.512% fixed	36263UAK5	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-3	$62.4M	85.97%	2.637% fixed	36263UAL3	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-4	$119.0M	66.94%	2.369% fixed	36263UAM1	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-5	$208.2M	33.64%	2.618% fixed	36263UAN9	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-AB	$22.8M	30.00%	2.510% fixed	36263UAP4	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-S	$34.4M	24.50%	2.871% fixed	36263UAS8	AAA	AAA	AA (sf)	not yet reported	not yet reported
B	$35.2M	18.88%	2.828% fixed	36263UAT6	AA-	AA+	NRprelim	not yet reported	not yet reported
C	$31.3M	13.88%	3.274% fixed	36263UAU3	A-	A	NRprelim	not yet reported	not yet reported
D	$19.5M	10.75%	2.250% fixed	36263UAC3	BBB	BBB+	NRprelim	not yet reported	not yet reported
E	$15.6M	8.25%	2.250% fixed	36263UAD1	BBB-	BBB	NRprelim	not yet reported	not yet reported
F	$17.2M	5.50%	2.250% fixed	36263UAE9	B-	BB	NRprelim	not yet reported	not yet reported
G-RR	$7.0M	4.38%	3.662% floating	36263UAF6	CCC	B+	NRprelim	not yet reported	not yet reported
H-RR	$27.3M	0.00%	3.662% floating	36263UAG4	not yet reported	not yet reported	NRprelim	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	36263UAH2	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
S	not yet reported	not yet reported	not yet reported	36263EAA3	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$472.0M	Interest only	1.118% floating	36263UAQ2	AAA	AAA	AA (sf)	not yet reported	not yet reported
X-B	$66.4M	Interest only	0.625% floating	36263UAR0	A-	AAA	NRprelim	not yet reported	not yet reported
X-D	$35.2M	Interest only	1.412% floating	36263UAA7	BBB-	BBB	NRprelim	not yet reported	not yet reported
X-F	$17.2M	Interest only	1.412% floating	36263UAB5	B-	BB	NRprelim	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	39
Original loan balance	$625.2M
Weighted average coupon	3.68%
Weighted average LTV	51.8%
Median loan LTV	60.0%
Full-term interest only (share of balance)	58.7%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	10.0%
Five largest loans (share of balance)	37.1%
Occupancy at issuance (weighted average)	92.9%

Realized outcomes

Months reported	1
Peak 30+ delinquency	0.00% (December 2021)
Ever severe (share of original balance)	0.00%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	0.00%
Non-performing matured (share of original balance)	57.40%
Maximum servicer advances (share of balance)	0.00%
Median DSCR, first year	not yet reported
Median DSCR, latest	not yet reported
Realized stress score	0.0

Property types

Property type	Original balance	Share of pool
Retail	$169.0M	27.0%
Office	$158.1M	25.3%
Multifamily	$150.7M	24.1%
Industrial	$70.0M	11.2%
Other (code 98)	$46.0M	7.4%
Mixed use	$16.8M	2.7%
Manufactured housing	$11.4M	1.8%
Self storage	$3.3M	0.5%

Property type is reported for 100.0% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
425 Eye Street	Washington, DC	$62.4M	10.0%	2.94%	2021
Fountains on the Lake	Stafford, TX	$59.1M	9.5%	3.78%	2021
5300-5350 Hellyer Avenue	San Jose, CA	$44.0M	7.0%	3.91%	2021
AMF Portfolio	not yet reported	$38.0M	6.1%	3.72%	2021
Extra Space Self Storage Portfolio II	not yet reported	$28.5M	4.6%	3.62%	2021

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	20 of 20
Classes with a current rating in the dataset	18 of 20
Net rating change since issuance	+0.04 notches (balance-weighted)
Delinquency threshold crossed	Not crossed in the dataset
First downgrade	None recorded

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.