Office portfolio, 2 properties · Park City, Utah
Newpark I
This portfolio is financed with a $24.0M CMBS loan at 6.70% 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 current.
The loan
- Balance in tracked trusts
- $24,000,000
- Original balance (same notes)
- $24,000,000
- Interest rate
- 6.70% fixed
- Originated
- August 13, 2024
- Maturity
- September 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 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
- 1456 and 1441 Ute Boulevard, Park City, UT 84098
- Value at securitization
- $39.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $3.3M | $7.0M |
| Debt yield | 29.0% |
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 Benchmark 2024-V10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Net operating income is 113% above the underwritten figure ($7.0M a year against $3.3M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Newpark I | Park City, UT | Office | 96% | 2.12x |
| Newpark III | Park City, UT | Office | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.0M | Current | No | 2.12x | 96% |
| August 2026 | $24.0M | Current | No | 2.12x | 96% |
| July 2026 | $24.0M | Current | No | n/a | n/a |
| June 2026 | $24.0M | Current | No | n/a | n/a |
| May 2026 | $24.0M | Current | No | n/a | n/a |
| April 2026 | $24.0M | Current | No | 1.84x | 96% |
| March 2026 | $24.0M | Current | No | n/a | 100% |
| February 2026 | $24.0M | Current | No | n/a | 100% |
| January 2026 | $24.0M | Current | No | n/a | 100% |
| December 2025 | $24.0M | Current | No | n/a | 100% |
| November 2025 | $24.0M | Current | No | n/a | 100% |
| October 2025 | $24.0M | Current | No | 1.59x | 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 |
|---|---|---|---|---|
| Benchmark 2024-V10 Mortgage Trust | 11 | $24,000,000 | Sep 2026 | SEC filing, September 30, 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 |
| 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 |
| Courtyard by Marriott - Ogden | Ogden, UT | Hotel | $12.3M | 5.00% | Mar 2029 | 2.48x | 67% | 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.