Self storage portfolio, 2 properties · Ballston Spa, New York
Extra Space - Ballston Spa
This portfolio is financed with a $11.5M CMBS loan at 4.60% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $11,454,216
- Original balance (same notes)
- $12,350,000
- Interest rate
- 4.60% fixed
- Originated
- April 11, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 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
- 75 Brookline Road, Ballston Spa, NY 12020
- Metro
- Albany-Schenectady-Troy, NY
- Value at securitization
- $17.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $1.1M | $759K |
| Debt yield | 6.6% |
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-GC39 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- 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
- Net operating income is 31% below the underwritten figure ($759K a year against $1.1M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Extra Space - Ballston Spa | Ballston Spa, NY | Self Storage | 90% | 1.38x |
| Longacres Self Storage | Doylestown, PA | Self Storage | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $11.5M | Current | No | 1.38x | 90% |
| September 2026 | $11.5M | Current | No | 1.38x | 90% |
| August 2026 | $11.5M | Current | No | n/a | n/a |
| July 2026 | $11.5M | Current | No | n/a | n/a |
| June 2026 | $11.5M | Current | No | n/a | n/a |
| May 2026 | $11.5M | Current | No | n/a | n/a |
| April 2026 | $11.6M | Current | No | 1.49x | 84% |
| March 2026 | $11.6M | Current | No | 1.46x | 83% |
| February 2026 | $11.6M | Current | No | 1.46x | 83% |
| January 2026 | $11.6M | Current | No | 1.46x | 83% |
| December 2025 | $11.6M | Current | No | 1.46x | 83% |
| November 2025 | $11.7M | Current | No | 1.46x | 85% |
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-GC39 | 21 | $11,454,216 | Oct 2026 | SEC filing, October 22, 2026 |
Other Albany-Schenectady-Troy loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Glenmont Abbey Village | Glenmont, NY | Multifamily | $17.5M | 4.04% | Jul 2029 | 1.82x | 92% | Current |
| Washington Lofts | Albany, NY | Multifamily | $5.2M | 6.80% | Apr 2029 | 0.87x | 83% | Current |
| Xtra Room Self Storage | Schenectady, NY | Self storage | $3.9M | 4.30% | Nov 2029 | 2.09x | 84% | Current |
All loans maturing in 2029 · All Albany-Schenectady-Troy 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.