Retail · Davenport, Iowa
Davenport Commons
Public CMBS trusts hold $33.4M of the loan on Davenport Commons at 5.093% that reaches maturity on July 6, 2028, in 20 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $33,373,677
- Original balance (same notes)
- $35,000,000
- Interest rate
- 5.093% fixed
- Originated
- July 3, 2018
- Maturity
- July 6, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- August 5, 2020
- Prepayment premium ends
- April 5, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5511-5811 Elmore Avenue, Davenport, IA 52807
- Rentable area
- 403,388 sq ft
- Built
- 2002
- Largest tenants
- Wal-Mart; Dick's Sporting Goods; Hobby Lobby
- Value at securitization
- $51.0M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.38x | 1.18x |
| Occupancy | 99% | 100% |
| Net operating income (annualized from 6 months) | $3.1M | $2.7M |
| Debt yield | 8.1% |
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 2018-GS10 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 14% below the underwritten figure ($2.7M a year against $3.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.38x at securitization to 1.18x on the latest statements.
- The filing gives Oct 2027 as the lease end date for the largest tenant (Wal-Mart), 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 | $14.3M | Current | No | 1.18x | 100% |
| September 2026 | $33.4M | Current | No | 1.13x | 100% |
| August 2026 | $33.4M | Current | No | 1.13x | 100% |
| July 2026 | $33.5M | Current | No | 1.13x | 100% |
| June 2026 | $33.5M | Current | No | 1.31x | 100% |
| May 2026 | $33.6M | Current | No | 1.31x | 100% |
| April 2026 | $33.6M | Current | No | 1.31x | 100% |
| March 2026 | $33.7M | Current | No | 1.22x | 100% |
| February 2026 | $33.7M | Current | No | 1.22x | 100% |
| January 2026 | $33.8M | Current | No | 1.22x | 100% |
| December 2025 | $33.8M | Current | No | 1.22x | 100% |
| November 2025 | $33.8M | Current | No | 1.39x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| DBGS 2018-C1 Mortgage Trust | 22 | $19,082,465 | Sep 2026 | SEC filing, October 1, 2026 |
| GS Mortgage Securities Trust 2018-GS10 | 18 | $14,291,212 | Oct 2026 | SEC filing, October 22, 2026 |
Other Iowa loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Garden Inn Bettendorf Quad Cities | Bettendorf, IA | Hotel | $11.0M | 5.415% | Jun 2028 | 1.46x | 69% | Current |
| Bitco Insurance Hq | Davenport, IA | Office | $9.3M | 5.246% | Mar 2028 | 1.57x | 100% | Current |
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.