Office · Schaumburg, Illinois
1933 North Meacham
1933 North Meacham is financed with a $9.3M CMBS loan at 4.994% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $9,307,951
- Original balance (same notes)
- $9,700,000
- Interest rate
- 4.994% fixed
- Originated
- December 7, 2018
- Maturity
- January 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1933 North Meacham Road, Schaumburg, IL 60173
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 142,164 sq ft
- Built
- 1985, renovated 2018
- Largest tenants
- RTM Engineering Consultants LLC; Lavelle Law LTD.; Familia Devolopment Li
- Value at securitization
- $14.5M (Oct 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 1.33x |
| Occupancy | 93% | 90% |
| Net operating income (annualized from 3 months) | $1.2M | $841K |
| Debt yield | 9.0% |
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-GC38 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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
- Occupancy has fallen from 93% when the loan was securitized to 90%.
- Net operating income is 29% below the underwritten figure ($841K a year against $1.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.89x at securitization to 1.33x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $9.3M | Current | No | 1.33x | 90% |
| September 2026 | $9.3M | Current | No | 1.33x | 90% |
| August 2026 | $9.3M | Current | No | 1.33x | 90% |
| July 2026 | $9.3M | Current | No | 1.33x | 90% |
| June 2026 | $9.4M | Current | No | 1.25x | 90% |
| May 2026 | $9.4M | Current | No | 1.28x | 90% |
| April 2026 | $9.4M | Current | No | 1.28x | 90% |
| March 2026 | $9.4M | Current | No | 1.28x | 90% |
| February 2026 | $9.4M | Current | No | 1.28x | 90% |
| January 2026 | $9.4M | Current | No | 1.28x | 90% |
| December 2025 | $9.4M | Current | No | 1.26x | 88% |
| November 2025 | $9.4M | Current | No | 1.26x | 88% |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC38 | 26 | $9,307,951 | Oct 2026 | SEC filing, October 22, 2026 |
Other Chicago-Naperville-Elgin loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Millennium Park Plaza | Chicago, IL | Mixed use | $210.0M | 3.66% | Aug 2029 | 1.66x | 73% | Current |
| 101 45th Street | Munster, IN | Industrial | $138.8M | 3.231% | Dec 2029 | n/a | n/a | Current |
| City Hyde Park | Chicago, IL | Multifamily | $108.7M | 4.70% | Oct 2029 | 1.03x | 83% | Current |
| 5452-5466 S. Ellis Avenue | Chicago, IL | Multifamily | $106.8M | 4.554% | Feb 2029 | n/a | n/a | Current |
| 3500 Lacey Road | Downers Grove, IL | Office | $85.8M | 4.35% | Dec 2029 | 2.39x | 95% | Current |
| Lakeside Apartments | Lisle, IL | Multifamily | $70.0M | 4.935% | Mar 2029 | 1.98x | 95% | Current |
| Hilton Garden Inn & Canopy - Chicago Central Loop | Chicago, IL | Healthcare | $65.0M | 7.60% | Jun 2029 | 1.93x | 74% | Current |
| The Elston Retail Collection | Chicago, IL | Retail | $57.1M | 3.65% | Nov 2029 | 1.40x | 100% | With the special servicer |
All loans maturing in 2029 · All Chicago-Naperville-Elgin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.