Office · Westminster, Colorado
Church Ranch II
Church Ranch II is financed with a $7.1M CMBS loan at 5.41% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $7,128,109
- Original balance (same notes)
- $8,125,000
- Interest rate
- 5.41% fixed
- Originated
- November 13, 2018
- Maturity
- December 6, 2028
- Payments
- Amortizing over 30 years
- 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
- 10249 Church Ranch Way, Westminster, CO 80021
- Metro
- Denver-Aurora-Centennial, CO
- Rentable area
- 63,057 sq ft
- Built
- 2000, renovated 2017
- Largest tenants
- Xclusive Staffing; PSA Security; Staples
- Value at securitization
- $12.7M (Oct 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.26x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $785K | $694K |
| Debt yield | 9.7% |
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-GC38 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 12% below the underwritten figure ($694K a year against $785K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.43x at securitization to 1.26x on the latest statements.
- The filing gives Aug 2026 as the lease end date for the largest tenant (Xclusive Staffing), 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 | $7.1M | Current | No | 1.26x | 100% |
| September 2026 | $7.1M | Current | No | 1.52x | 72% |
| August 2026 | $7.2M | Current | No | 1.52x | 72% |
| July 2026 | $7.2M | Late payment but less than 30 days delinquent | No | 1.52x | 72% |
| June 2026 | $7.2M | Current | No | 2.00x | 26% |
| May 2026 | $7.2M | Current | No | 2.00x | 72% |
| April 2026 | $7.2M | Current | No | 2.00x | 72% |
| March 2026 | $7.2M | Current | No | 1.39x | 52% |
| February 2026 | $7.2M | Current | No | 1.39x | 52% |
| January 2026 | $7.2M | Current | No | 1.39x | 52% |
| December 2025 | $7.3M | Current | No | 1.72x | 100% |
| November 2025 | $7.3M | Current | No | 1.72x | 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 2019-GC38 | 29 | $7,128,109 | Oct 2026 | SEC filing, October 22, 2026 |
Other Denver-Aurora-Centennial loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Re/max Plaza | Denver, CO | Office | $65.5M | 4.681% | Apr 2028 | 3.04x | 100% | Current |
| Thorncreek Crossing | Thornton, CO | Retail | $30.7M | 4.623% | May 2028 | 2.31x | 99% | Current |
| One Lincoln Station | Lone Tree, CO | Office | $27.0M | 4.805% | Apr 2028 | 0.69x | 76% | Current |
| 3300 East 1st Avenue | Denver, CO | Mixed use | $24.4M | 4.90% | Jun 2028 | 1.83x | 82% | Current |
| Cherry Tower | Denver, CO | Office | $18.2M | 4.835% | Sep 2028 | 1.26x | 63% | With the special servicer |
| Fairfield Inn & Suites Denver/aurora | Aurora, CO | Hotel | $10.9M | 5.42% | Oct 2028 | 1.21x | 67% | Current |
| Hyatt House Broomfield | Broomfield, CO | Hotel | $9.6M | 5.41% | Mar 2028 | n/a | n/a | Current |
| A Storage Place - Evergreen | Evergreen, CO | Self storage | $9.5M | 4.997% | Feb 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Denver-Aurora-Centennial 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.