Industrial · Hollywood, Florida
Monte Industrial
Monte Industrial is financed with a $1.8M CMBS loan at 4.992% that reaches maturity on January 6, 2028, in 14 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $1,783,408
- Original balance (same notes)
- $2,100,000
- Interest rate
- 4.992% fixed
- Originated
- December 19, 2017
- Maturity
- January 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2027
- 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
- 4100 North 29th Avenue, Hollywood, FL 33020
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 20,000 sq ft
- Built
- 1968, renovated 1995
- Largest tenants
- Sliding Door Company; Murphy Bed's; U.S. Lumber Supply LLC
- Value at securitization
- $3.0M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.44x | 2.56x |
| Occupancy | 100% | 88% |
| Net operating income (annualized from 6 months) | $195K | $349K |
| Debt yield | 19.6% |
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 2018-GS9 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends 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
- Occupancy has fallen from 100% when the loan was securitized to 88%.
- Net operating income is 79% above the underwritten figure ($349K a year against $195K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.44x at securitization to 2.56x on the latest statements.
- The filing gives Nov 2026 as the lease end date for the largest tenant (Sliding Door Company), 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 | $1.8M | Current | No | 2.56x | 88% |
| September 2026 | $1.8M | Current | No | 2.56x | 88% |
| August 2026 | $1.8M | Current | No | 2.74x | 100% |
| July 2026 | $1.8M | Current | No | 2.74x | 100% |
| June 2026 | $1.8M | Current | No | 2.74x | 100% |
| May 2026 | $1.8M | Current | No | 2.74x | 100% |
| April 2026 | $1.8M | Current | No | 2.42x | 100% |
| March 2026 | $1.8M | Current | No | 2.43x | 100% |
| February 2026 | $1.8M | Current | No | 2.43x | 100% |
| January 2026 | $1.8M | Current | No | 2.43x | 100% |
| December 2025 | $1.8M | Current | No | 2.43x | 100% |
| November 2025 | $1.8M | Current | No | 2.43x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2018-GS9 | 36 | $1,783,408 | Oct 2026 | SEC filing, October 22, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aventura Mall | Aventura, FL | Retail | $900.0M | 4.121% | Jul 2028 | n/a | n/a | Current |
| Town Center Aventura | Aventura, FL | Retail | $80.0M | 4.89% | Jul 2028 | 1.71x | 90% | Current |
| Miami Industrial Portfolio | Miami, FL | Industrial | $66.1M | 4.981% | Dec 2028 | 3.32x | 87% | Current |
| Promenade Shops at Aventura | Aventura, FL | Retail | $59.2M | 4.669% | Feb 2028 | 1.47x | 99% | Current |
| AutoNation | Fort Lauderdale, FL | Office | $55.0M | 8.25% | Dec 2028 | n/a | n/a | Current |
| Museum Tower | Miami, FL | Office | $47.0M | 6.546% | May 2028 | 1.66x | 91% | Current |
| Palm Glade Apartments | Belle Glade, FL | Multifamily | $45.0M | 6.685% | Jan 2028 | 1.84x | 98% | Current |
| Causeway Square | North Miami, FL | Mixed use | $43.2M | 5.265% | Nov 2028 | 1.66x | 95% | Current |
All loans maturing in 2028 · All Miami-Fort Lauderdale-West Palm Beach 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.