Retail · Granger, Indiana
Heritage Square, Granger
Heritage Square is financed with a $21.5M CMBS loan at 4.711% that reaches maturity on July 6, 2027, in 8 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $21,468,758
- Original balance (same notes)
- $24,000,000
- Interest rate
- 4.711% fixed
- Originated
- July 6, 2017
- Maturity
- July 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- September 5, 2019
- 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
- 7115, 7130, 7135, 7220, 7225, 7321 and 7355 Heritage Square Drive, Granger, IN 46530
- Rentable area
- 187,743 sq ft
- Built
- 2006
- Largest tenants
- Martin's Super Market Inc.; Michiana Beauty College; Royal Crab LLC
- Value at securitization
- $34.0M (May 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 1.31x |
| Occupancy | 93% | 95% |
| Net operating income (annualized from 3 months) | $2.2M | $2.0M |
| Debt yield | 9.2% |
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 2017-GS7 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Matures 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 9% below the underwritten figure ($2.0M a year against $2.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.45x at securitization to 1.31x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $21.5M | Current | No | 1.31x | 95% |
| September 2026 | $21.5M | Current | No | 1.31x | 95% |
| August 2026 | $21.5M | Current | No | 1.31x | 95% |
| July 2026 | $21.6M | Current | No | 1.31x | 95% |
| June 2026 | $21.6M | Current | No | 1.31x | 95% |
| May 2026 | $21.7M | Current | No | 1.31x | 95% |
| April 2026 | $21.7M | Current | No | 1.50x | 95% |
| March 2026 | $21.7M | Current | No | 1.50x | 95% |
| February 2026 | $21.8M | Current | No | 1.50x | 95% |
| January 2026 | $21.8M | Current | No | 1.56x | 96% |
| December 2025 | $21.9M | Current | No | 1.56x | 96% |
| November 2025 | $21.9M | Current | No | 1.56x | 96% |
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 2017-GS7 | 16 | $21,468,758 | Oct 2026 | SEC filing, October 22, 2026 |
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.