Office · Cincinnati, Ohio
Pnc Center
Pnc Center is financed with a $32.7M CMBS loan at 3.49% that reaches maturity on March 6, 2030, in 3 years and 4 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $32,662,500
- Original balance (same notes)
- $32,662,500
- Interest rate
- 3.49% fixed
- Originated
- March 3, 2020
- Maturity
- March 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 201 East 5th Street, Cincinnati, OH 45202
- Metro
- Cincinnati, OH-KY-IN
- Rentable area
- 498,905 sq ft
- Built
- 1979, renovated 2010
- Largest tenants
- PNC Bank N A.; Core Specialty Insurance; Fund Evaluation Group LLC
- Value at securitization
- $50.3M (Jan 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.30x | 4.01x |
| Occupancy | 80% | 93% |
| Net operating income (annualized from 6 months) | $3.8M | $4.7M |
| Debt yield | 14.3% |
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-GC47 filing for the reporting period ending October 8, 2026, filed with the SEC October 22, 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 80% when the loan was securitized to 93%.
- Net operating income is 22% above the underwritten figure ($4.7M a year against $3.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.30x at securitization to 4.01x on the latest statements.
- The filing gives Feb 2030 as the lease end date for the largest tenant (PNC Bank N A.), 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 | $32.7M | Current | No | 4.01x | 93% |
| September 2026 | $32.7M | Current | No | 4.01x | 93% |
| August 2026 | $32.7M | Current | No | 4.01x | 93% |
| July 2026 | $32.7M | Current | No | 3.92x | 92% |
| June 2026 | $32.7M | Current | No | 3.92x | 92% |
| May 2026 | $32.7M | Current | No | 3.72x | 92% |
| April 2026 | $32.7M | Current | No | 3.72x | 92% |
| March 2026 | $32.7M | Current | No | 3.41x | 92% |
| February 2026 | $32.7M | Current | No | 3.41x | 92% |
| January 2026 | $32.7M | Current | No | 3.41x | 92% |
| December 2025 | $32.7M | Current | No | 3.41x | 92% |
| November 2025 | $32.7M | Current | No | 3.41x | 92% |
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-GC47 | 10 | $32,662,500 | Oct 2026 | SEC filing, October 22, 2026 |
Other Cincinnati loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8044 Montgomery | Cincinnati, OH | Office | $60.0M | 6.88% | Apr 2030 | 1.71x | 91% | Current |
| Marriott Cincinnati Airport | Hebron, KY | Hotel | $38.7M | 6.902% | Mar 2030 | 1.66x | 64% | Current |
| Marriott Cincinnati North | West Chester, OH | Hotel | $25.7M | 6.803% | Mar 2030 | 1.73x | 51% | Current |
| Beechgrove & Buttermilk Pike Self Storage | Independence, KY | Self storage | $13.0M | 6.45% | Oct 2030 | n/a | n/a | Current |
| Villa Hills Apartments | Cincinnati, OH | Multifamily | $9.0M | 7.257% | Apr 2030 | n/a | n/a | Current |
| Kemper Pointe | Cincinnati, OH | Office | $8.0M | 3.70% | Apr 2030 | 1.82x | 98% | Current |
| Savannah Ridge II | Batavia, OH | Multifamily | $7.5M | 3.68% | Mar 2030 | 2.09x | 100% | Current |
| Arbor Apartments | Cincinnati, OH | Multifamily | $4.0M | 3.45% | Mar 2030 | 5.24x | 98% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.