Retail · Mount Pleasant, South Carolina
349 Coleman Boulevard
349 Coleman Boulevard is financed with a $8.8M CMBS loan at 4.00% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $8,750,000
- Original balance (same notes)
- $8,750,000
- Interest rate
- 4.00% fixed
- Originated
- November 21, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 349 Coleman Boulevard, Mount Pleasant, SC 29464
- Metro
- Charleston-North Charleston, SC
- Rentable area
- 28,779 sq ft
- Built
- 2017
- Largest tenants
- Ameris Bank; Kickin Chicken; Wells Fargo Advisors
- Value at securitization
- $13.7M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.22x | 2.61x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $789K | $1.9M |
| Debt yield | 21.4% |
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 2020-GC45 filing for the reporting period ending October 9, 2026, filed with the SEC October 22, 2026.
- Largest tenant's lease ends within 12 months
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 137% above the underwritten figure ($1.9M a year against $789K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.22x at securitization to 2.61x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Ameris Bank), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $8.8M | Current | No | 2.61x | 100% |
| September 2026 | $8.8M | Current | No | 2.61x | 100% |
| August 2026 | $8.8M | Current | No | 2.61x | 100% |
| July 2026 | $8.8M | Current | No | n/a | n/a |
| June 2026 | $8.8M | Current | No | n/a | n/a |
| May 2026 | $8.8M | Current | No | n/a | n/a |
| April 2026 | $8.8M | Current | No | 2.30x | 100% |
| March 2026 | $8.8M | Current | No | 2.30x | 100% |
| February 2026 | $8.8M | Current | No | 2.30x | 100% |
| January 2026 | $8.8M | Current | No | 2.21x | 100% |
| December 2025 | $8.8M | Current | No | 2.21x | 100% |
| November 2025 | $8.8M | Current | No | 2.21x | 100% |
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 2020-GC45 | 42 | $8,750,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Charleston-North Charleston loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8571 Rivers Ave | North Charleston, SC | Office | $21.3M | 4.05% | Nov 2029 | n/a | n/a | Current |
| Oakbrook Station | Summerville, SC | Retail | $18.6M | 6.60% | Jan 2029 | 1.21x | 100% | Current |
| Tru by Hilton Mount Pleasant | Mt Pleasant, SC | Hotel | $13.1M | 7.13% | Aug 2029 | 2.49x | 76% | Current |
| Montague Corners | North Charleston, SC | Retail | $13.1M | 7.29% | Jul 2029 | 1.46x | 90% | Current |
| North Charleston Center | North Charleston, SC | Retail | $12.2M | 4.98% | Mar 2029 | 2.49x | 97% | Current |
| Springhill Suites Charleston | North Charleston, SC | Hotel | $12.1M | 7.13% | Aug 2029 | 2.53x | 82% | Current |
| Chef's Store Charleston | Charleston, SC | Retail | $8.9M | 4.47% | Aug 2029 | 2.38x | 100% | Current |
| Bell MHC | Summerville, SC | Manufactured housing | $5.0M | 6.57% | Aug 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Charleston-North Charleston loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.