Office · Sarasota, Florida
Northern Trust Plaza
Northern Trust Plaza is financed with a $11.1M CMBS loan at 4.598% that reaches maturity on April 6, 2027, in 5 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $11,091,079
- Original balance (same notes)
- $12,765,000
- Interest rate
- 4.598% fixed
- Originated
- March 24, 2017
- Maturity
- April 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- June 5, 2019
- Originator
- GSMC
Status
- Payment status
- Payment not received but still in grace period or not yet due. (code A)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1515 Ringling Boulevard, Sarasota, FL 34236
- Metro
- North Port-Bradenton-Sarasota, FL
- Rentable area
- 108,732 sq ft
- Built
- 1982, renovated 2014
- Largest tenants
- Northern Trust; Fergeson Skipper, et al; Spectrum Reach, LLC
- Value at securitization
- $18.8M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 2.07x |
| Occupancy | 81% | 97% |
| Net operating income (annualized from 6 months) | $1.2M | $3.3M |
| Debt yield | 29.5% |
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 2017-GS6 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Matures 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 risen from 81% when the loan was securitized to 97%.
- Net operating income is 174% above the underwritten figure ($3.3M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.52x at securitization to 2.07x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $11.1M | Payment not received but still in grace period or not yet due | No | 2.07x | 97% |
| September 2026 | $11.1M | Current | No | 2.07x | 97% |
| August 2026 | $11.1M | Current | No | n/a | n/a |
| July 2026 | $11.1M | Current | No | n/a | n/a |
| June 2026 | $11.2M | Current | No | n/a | n/a |
| May 2026 | $11.2M | Current | No | n/a | n/a |
| April 2026 | $11.2M | Current | No | 2.14x | 97% |
| March 2026 | $11.2M | Current | No | 2.14x | 97% |
| February 2026 | $11.2M | Current | No | 2.32x | 97% |
| January 2026 | $11.3M | Current | No | 2.32x | 97% |
| December 2025 | $11.3M | Current | No | 2.32x | 97% |
| November 2025 | $11.3M | Current | No | 2.13x | 97% |
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 2017-GS6 | 20 | $11,091,079 | Oct 2026 | SEC filing, October 22, 2026 |
Other North Port-Bradenton-Sarasota loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Storquest Bradenton | Bradenton, FL | Self storage | $11.5M | 4.82% | Apr 2027 | n/a | n/a | Current |
| Two Rivers MHC | Bradenton, FL | Manufactured housing | $5.5M | 4.55% | Jul 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All North Port-Bradenton-Sarasota 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.