Office portfolio, 5 properties · Texas
Midland Office Portfolio
Public CMBS trusts hold $43.5M of the loan on this portfolio at 4.05% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $43,504,837
- Original balance (same notes)
- $49,500,000
- Interest rate
- 4.05% fixed
- Originated
- August 8, 2019
- Maturity
- September 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred September 5, 2023
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Value at securitization
- $110.3M (Jul 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.19x | 0.66x |
| Occupancy | 85% | 65% |
| Net operating income | $8.8M | $2.6M |
| Debt yield | 6.1% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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
- Occupancy has fallen from 85% when the loan was securitized to 65%.
- Net operating income is 70% below the underwritten figure ($2.6M a year against $8.8M).
- Debt service coverage moved from 2.19x at securitization to 0.66x on the latest statements.
- At 0.66x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $43.5M | 90+ days delinquent | Yes | 0.66x | 65% |
| August 2026 | $43.5M | 90+ days delinquent | Yes | 0.66x | 65% |
| July 2026 | $43.5M | 90+ days delinquent | Yes | 0.66x | 65% |
| June 2026 | $43.5M | 90+ days delinquent | Yes | 0.66x | 65% |
| May 2026 | $43.5M | 60-89 days delinquent | Yes | 0.73x | 72% |
| April 2026 | $43.5M | 30-59 days delinquent | Yes | 0.73x | 72% |
| March 2026 | $43.5M | Late payment but less than 30 days delinquent | Yes | 1.28x | 57% |
| February 2026 | $43.8M | 60-89 days delinquent | Yes | 1.28x | 57% |
| January 2026 | $43.8M | 30-59 days delinquent | Yes | 1.28x | 57% |
| December 2025 | $43.8M | Late payment but less than 30 days delinquent | Yes | 1.28x | 57% |
| November 2025 | $43.8M | Current | Yes | 1.28x | 57% |
| October 2025 | $43.9M | Current | Yes | 1.28x | 57% |
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.
Special-servicing history
- Transferred to the special servicer September 5, 2023, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 | 8 | $43,504,837 | Sep 2026 | SEC filing, September 25, 2026 |
Other Texas loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Stonebriar Centre | Frisco, TX | Retail | $255.0M | 6.999% | Jul 2029 | 2.44x | 93% | Current |
| Woodlands Mall | The Woodlands, TX | Retail | $247.6M | 4.256% | Aug 2029 | 4.02x | 84% | Current |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| Legacy Corporate Centre I & II | Plano, TX | Office | $167.4M | 3.37% | Aug 2029 | n/a | n/a | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| USRA Marathon Oil Building | San Antonio, TX | Office | $110.0M | 3.65% | Sep 2029 | 2.06x | 100% | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Renaissance Plano | Plano, TX | Hotel | $78.4M | 4.45% | Jul 2029 | 2.90x | 68% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.