Retail · Stockton, California
Morada Ranch
Morada Ranch is financed with a $19.5M CMBS loan at 3.37% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $19,500,000
- Original balance (same notes)
- $19,500,000
- Interest rate
- 3.37% fixed
- Originated
- August 1, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4011, 4027, 4103 Morada Lane 4219, 4255, 4321, 4339 and 4361 Morada Lane, Stockton, CA 95212
- Metro
- Stockton-Lodi, CA
- Rentable area
- 101,842 sq ft
- Built
- 2006
- Largest tenants
- Raley's, Bel Air or Nob Hill #306; The Golden 1 Credit Union; Mountain Mike's Pizza
- Value at securitization
- $30.0M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.18x | 2.86x |
| Occupancy | 98% | 100% |
| Net operating income (annualized from 6 months) | $2.1M | $3.8M |
| Debt yield | 19.7% |
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-GC42 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x 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
- Net operating income is 81% above the underwritten figure ($3.8M a year against $2.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.18x at securitization to 2.86x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Raley's, Bel Air or Nob Hill #306), 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 | $19.5M | Current | No | 2.86x | 100% |
| September 2026 | $19.5M | Current | No | 2.86x | 100% |
| August 2026 | $19.5M | Current | No | n/a | n/a |
| July 2026 | $19.5M | Current | No | n/a | n/a |
| June 2026 | $19.5M | Current | No | n/a | n/a |
| May 2026 | $19.5M | Current | No | n/a | n/a |
| April 2026 | $19.5M | Current | No | 3.32x | 99% |
| March 2026 | $19.5M | Current | No | 3.32x | 99% |
| February 2026 | $19.5M | Current | No | 3.27x | 99% |
| January 2026 | $19.5M | Current | No | 3.27x | 99% |
| December 2025 | $19.5M | Current | No | 3.27x | 99% |
| November 2025 | $19.5M | Current | No | 3.27x | 99% |
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-GC42 | 27 | $19,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Stockton-Lodi loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Stuff N Storage | Manteca, CA | Self storage | $2.1M | 4.80% | Jun 2029 | 2.05x | 90% | Current |
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.