Office · San Francisco, California
101 California Street
Public CMBS trusts hold $200.0M of the loan on 101 California Street at 3.85% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $200,000,000
- Original balance (same notes)
- $200,000,000
- Interest rate
- 3.85% fixed
- Originated
- February 25, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 5, 2021
- Prepayment premium ends
- September 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Mortgage Company, JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 101 California Street, San Francisco, CA 94111
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 1,252,022 sq ft
- Built
- 1983, renovated 2004
- Largest tenants
- Chime Financial Inc.; Morrison & Foerster LLP; Sidley Austin LLP
- Value at securitization
- $1.5B (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.28x | 1.60x |
| Occupancy | 92% | 91% |
| Net operating income (annualized from 6 months) | $67.5M | $103.3M |
| Debt yield | 51.7% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the GS Mortgage Securities Trust 2019-GC40 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x or more from securitization
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 53% above the underwritten figure ($103.3M a year against $67.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.28x at securitization to 1.60x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $150.0M | Current | No | 1.60x | 91% |
| September 2026 | $200.0M | Current | No | 1.60x | 91% |
| August 2026 | $200.0M | Current | No | 1.55x | 100% |
| July 2026 | $200.0M | Current | No | 1.55x | 100% |
| June 2026 | $200.0M | Current | No | 1.55x | 100% |
| May 2026 | $200.0M | Current | No | n/a | n/a |
| April 2026 | $200.0M | Current | No | 1.46x | 81% |
| March 2026 | $200.0M | Current | No | 1.46x | 81% |
| February 2026 | $200.0M | Current | No | 1.45x | 82% |
| January 2026 | $200.0M | Current | No | 1.45x | 82% |
| December 2025 | $200.0M | Current | No | 1.45x | 82% |
| November 2025 | $200.0M | Current | No | 1.53x | 72% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC39 | 1 | $77,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2019-GC40 | 4 | $72,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
| Benchmark 2019-B11 Mortgage Trust | 4 | $50,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 560 Mission Street | San Francisco, CA | Office | $300.0M | 2.589% | Dec 2029 | 2.37x | 97% | Current |
| 350 Bush Street | San Francisco, CA | Office | $185.0M | 3.912% | May 2029 | 4.63x | 100% | Current |
| 188 Spear Street | San Francisco, CA | Office | $125.0M | 3.57% | Jun 2029 | 3.57x | 97% | With the special servicer |
| Nema San Francisco | San Francisco, CA | Multifamily | $75.0M | 4.436% | Feb 2029 | 1.34x | 97% | Current |
| One Stockton | San Francisco, CA | Retail | $66.0M | 4.04% | Dec 2029 | -0.37x | 100% | Current |
| Pleasanton Corporate Commons | Pleasanton, CA | Mixed use | $65.8M | 7.78% | May 2029 | 1.88x | 100% | Current |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
| 350 Rhode Island South | San Francisco, CA | Office | $62.5M | 4.143% | Mar 2029 | 0.56x | 70% | Current |
All loans maturing in 2029 · All San Francisco-Oakland-Fremont loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.