Industrial · Columbia, South Carolina
North Pointe
North Pointe is financed with a $5.8M CMBS loan at 3.874% that reaches maturity on January 6, 2030, in 3 years and 2 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $5,787,042
- Original balance (same notes)
- $6,216,750
- Interest rate
- 3.874% fixed
- Originated
- December 19, 2019
- Maturity
- January 6, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10128 Two Notch Road, Columbia, SC 29223
- Metro
- Columbia, SC
- Rentable area
- 64,255 sq ft
- Built
- 1982
- Largest tenants
- Publix; Schiano's; Nu Nails Spa
- Value at securitization
- $9.5M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 1.77x |
| Occupancy | 100% | 91% |
| Net operating income (annualized from 6 months) | $613K | $1.3M |
| Debt yield | 21.7% |
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 2020-GC45 filing for the reporting period ending October 9, 2026, filed with the SEC October 22, 2026.
- 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 91%.
- Net operating income is 105% above the underwritten figure ($1.3M a year against $613K; the latest statement covers 6 months, annualized).
- The filing gives Apr 2027 as the lease end date for the largest tenant (Publix), 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 | $5.8M | Current | No | 1.77x | 91% |
| September 2026 | $5.8M | Current | No | n/a | n/a |
| August 2026 | $5.8M | Current | No | n/a | n/a |
| July 2026 | $5.8M | Current | No | n/a | n/a |
| June 2026 | $5.8M | Current | No | n/a | n/a |
| May 2026 | $5.8M | Current | No | n/a | n/a |
| April 2026 | $5.8M | Current | No | 1.59x | 91% |
| March 2026 | $5.9M | Current | No | 1.59x | 91% |
| February 2026 | $5.9M | Current | No | 1.59x | 91% |
| January 2026 | $5.9M | Current | No | 1.28x | 100% |
| December 2025 | $5.9M | Current | No | 1.28x | 100% |
| November 2025 | $5.9M | Current | No | 1.28x | 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 2020-GC45 | 48 | $5,787,042 | Oct 2026 | SEC filing, October 22, 2026 |
Other Columbia loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Riverwalk Vista | Columbia, SC | Multifamily | $26.0M | 6.11% | Aug 2030 | 1.30x | 92% | Current |
| 1333 Main Street | Columbia, SC | Office | $19.9M | 3.685% | Mar 2030 | 1.81x | 90% | Current |
| Courtyard - Columbia Downtown | Columbia, SC | Hotel | $15.0M | 3.425% | Jan 2030 | 6.91x | 63% | Current |
| River Oaks Shopping Center | Camden, SC | Retail | $7.7M | 4.02% | Mar 2030 | 1.78x | 98% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.