Retail · Salt Lake City, Utah
City Creek Center
Public CMBS trusts hold $70.0M of the loan on City Creek Center at 7.63% that reaches maturity on May 1, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $70,000,000
- Original balance (same notes)
- $70,000,000
- Interest rate
- 7.63% fixed
- Originated
- April 24, 2024
- Maturity
- May 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2028
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 50 South Main Street, Salt Lake City, UT 84101
- Metro
- Salt Lake City-Murray, UT
- Rentable area
- 325,790 sq ft
- Built
- 2012
- Largest tenants
- H&M Clothing Stores; Anthropologie Inc dba Anthropologie; Cheesecake Factory
- Value at securitization
- $135.5M (Feb 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.85x | 2.87x |
| Occupancy | 85% | 84% |
| Net operating income (annualized from 6 months) | $10.0M | $15.6M |
| Debt yield | 22.4% |
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 Benchmark 2024-V8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 56% above the underwritten figure ($15.6M a year against $10.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.85x at securitization to 2.87x on the latest statements.
- The filing gives Jan 2028 as the lease end date for the largest tenant (H&M Clothing Stores), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $70.0M | Current | No | 2.87x | 84% |
| August 2026 | $70.0M | Current | No | 2.54x | 80% |
| July 2026 | $70.0M | Current | No | 2.54x | 80% |
| June 2026 | $70.0M | Current | No | 2.54x | 80% |
| May 2026 | $70.0M | Current | No | 2.54x | 80% |
| April 2026 | $70.0M | Current | No | 1.89x | 88% |
| March 2026 | $70.0M | Current | No | 1.78x | 77% |
| February 2026 | $70.0M | Current | No | 1.78x | 77% |
| January 2026 | $70.0M | Current | No | 1.78x | 77% |
| December 2025 | $70.0M | Current | No | 1.78x | 77% |
| November 2025 | $70.0M | Current | No | 1.80x | 75% |
| October 2025 | $70.0M | Current | No | 1.80x | 75% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V8 Mortgage Trust | 2 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2024-V8 Mortgage Trust | 2A | $20,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Salt Lake City-Murray loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Raddon Union Heights | Sandy, UT | Office | $28.7M | 3.75% | Sep 2029 | 0.49x | 42% | With the special servicer and 60-89 days delinquent |
| 9th Street Marketplace | Murray, UT | Retail | $10.8M | 5.15% | Jan 2029 | 1.66x | 100% | Current |
| Onset Financial Building | Draper, UT | Office | $10.7M | 4.80% | Jun 2029 | 1.61x | 100% | Current |
| Brickyard Plaza | Salt Lake City, UT | Retail | $4.0M | 3.946% | Nov 2029 | 4.39x | 100% | Current |
| Walgreens West Valley Ut | West Valley City, UT | Retail | $3.4M | 3.80% | Nov 2029 | 2.25x | 100% | Current |
All loans maturing in 2029 · All Salt Lake City-Murray loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.