Office portfolio, 5 properties · Midland, Texas
Permian Basin Office
Public CMBS trusts hold $17.6M of the loan on this portfolio at 4.05% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Oct 2026 servicer report its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $17,612,349
- Original balance (same notes)
- $20,000,000
- Interest rate
- 4.05% fixed
- Originated
- August 8, 2019
- Maturity
- September 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred August 30, 2023
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 303 West Wall Street, Midland, TX 79701
- Value at securitization
- $110.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $8.8M | n/a |
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.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (November 2025 to October 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Permian Basin Office | Midland, TX | Office | n/a | n/a |
| Dinero Plaza | Midland, TX | Office | n/a | n/a |
| First Capital Bank Buildng | Midland, TX | Office | n/a | n/a |
| One Wall Plaza | Midland, TX | Office | n/a | n/a |
| Atrium Centre | Midland, TX | Office | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $17.6M | 90+ days delinquent | Yes | n/a | n/a |
| September 2026 | $17.6M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $17.6M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $17.6M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $17.6M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $17.6M | 60-89 days delinquent | Yes | n/a | n/a |
| April 2026 | $17.6M | 90+ days delinquent | Yes | 1.37x | n/a |
| March 2026 | $17.6M | 30-59 days delinquent | Yes | 1.37x | n/a |
| February 2026 | $17.7M | 60-89 days delinquent | Yes | 1.37x | n/a |
| January 2026 | $17.7M | 30-59 days delinquent | Yes | 0.73x | n/a |
| December 2025 | $17.7M | Late payment but less than 30 days delinquent | Yes | 0.73x | n/a |
| November 2025 | $17.8M | 30-59 days delinquent | Yes | 0.73x | n/a |
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.
Special-servicing history
- Transferred to the special servicer August 30, 2023, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
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 | 25 | $17,612,349 | Oct 2026 | SEC filing, October 22, 2026 |
Other Texas loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hawk View Industrial Park | Midland, TX | Industrial | $15.2M | 4.92% | Jun 2029 | 2.12x | 100% | 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.