Multifamily · Park City, Utah
Newpark Flats
Newpark Flats is financed with a $8.0M CMBS loan at 3.35% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,000,000
- Original balance (same notes)
- $8,000,000
- Interest rate
- 3.35% fixed
- Originated
- October 31, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Northmarq Capital
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6033 N Park Lane South, Park City, UT 84098
- Units, rooms or beds
- 43
- Built
- 2018
- Value at securitization
- $15.3M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.67x | 3.22x |
| Occupancy | 95% | 100% |
| Net operating income (annualized from 6 months) | $725K | $1.8M |
| Debt yield | 22.0% |
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 COMM 2019-GC44 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 risen from 95% when the loan was securitized to 100%.
- Net operating income is 143% above the underwritten figure ($1.8M a year against $725K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.67x at securitization to 3.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.0M | Current | No | 3.22x | 100% |
| August 2026 | $8.0M | Current | No | n/a | n/a |
| July 2026 | $8.0M | Current | No | n/a | n/a |
| June 2026 | $8.0M | Current | No | n/a | n/a |
| May 2026 | $8.0M | Current | No | n/a | n/a |
| April 2026 | $8.0M | Current | No | 3.58x | 100% |
| March 2026 | $8.0M | Current | No | 3.74x | 100% |
| February 2026 | $8.0M | Current | No | 3.74x | 100% |
| January 2026 | $8.0M | Current | No | 3.74x | 100% |
| December 2025 | $8.0M | Current | No | 3.74x | 100% |
| November 2025 | $8.0M | Current | No | 2.94x | 100% |
| October 2025 | $8.0M | Current | No | 2.94x | 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 |
|---|---|---|---|---|
| COMM 2019-GC44 Mortgage Trust | 37 | $8,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Utah loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| City Creek Center | Salt Lake City, UT | Retail | $70.0M | 7.63% | May 2029 | 2.87x | 84% | Current |
| West Bountiful Commons | West Bountiful, UT | Retail | $34.8M | 3.84% | Nov 2029 | 2.03x | 67% | Current |
| Sheraton Park City | Park City, UT | Hotel | $33.0M | 7.64% | May 2029 | 0.89x | 47% | Current |
| Traverse Mountain | Lehi, UT | Retail | $32.0M | 4.90% | Mar 2029 | 2.19x | 99% | Current |
| Raddon Union Heights | Sandy, UT | Office | $28.7M | 3.75% | Sep 2029 | 0.49x | 42% | With the special servicer and 60-89 days delinquent |
| Newpark I | Park City, UT | Office | $24.0M | 6.70% | Sep 2029 | n/a | n/a | Current |
| Lone Peak Office | Lehi, UT | Office | $22.7M | 5.063% | Apr 2029 | n/a | n/a | Current |
| Springhill Suites Moab | Moab, UT | Hotel | $14.0M | 3.72% | Sep 2029 | 3.14x | 76% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.