PRESALE REPORT Citigroup Commercial Mortgage Trust 2019-C7 DECEMBER 2019 STRUCTURED FINANCE: CMBS Table of Contents Capital Structure 3 Transaction Summary 4 Rating Considerations 5 DBRS Morningstar Credit Characteristics 7 Largest Loan Summary 8 DBRS Morningstar Sample 10 Transaction Concentrations 13 Loan Structural Features 14 490-504 Myrtle Avenue 18 650 Madison Avenue 23 805 3rd Avenue 27 East Village Multifamily Portfolio Pool 2 32 405 E 4th Avenue 36 Gartner Campus South 40 Harvey Building Products 44 Marriott Phoenix Airport 50 Austin Landing Mixed-Use 55 Giant Anchored Portfolio 60 East Village Multifamily Portfolio Pool 1 66 Park Central Tower 70 Shoppes at Parma 76 Transaction Structural Features 81 Methodologies 83 Surveillance 83 Glossary 84 Definitions 84 Walter Johnston Greg Haddad Vice President Senior Vice President +1 646 560-4589 +1 646 560-4590
[email protected] [email protected] Kevin Mammoser Erin Stafford Managing Director Managing Director +1 312 332-0136 +1 312 332-3291
[email protected] [email protected] Presale Report | CGCMT 2019-C7 Capital Structure Description Rating Action Balance ($) Subordination (%) DBRS Morningstar Trend Rating Class A-1 New Rating – Provisional 23,936,000 30.000 AAA (sf) Stable Class A-2 New Rating – Provisional 43,000,000 30.000 AAA (sf) Stable Class A-3 New Rating – Provisional 306,000,000 30.000 AAA (sf) Stable Class A-4 New Rating – Provisional 348,619,000 30.000 AAA (sf) Stable Class A-AB New Rating – Provisional 45,958,000 30.000 AAA (sf) Stable Class