Hotel · Chula Vista, California
Residence Inn Chula Vista
Residence Inn Chula Vista is financed with a $25.4M CMBS loan at 5.35% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $25,405,710
- Original balance (same notes)
- $29,000,000
- Interest rate
- 5.35% fixed
- Originated
- December 6, 2018
- Maturity
- December 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2005 Centerpark Road, Chula Vista, CA 91915
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Units, rooms or beds
- 148
- Built
- 2017
- Value at securitization
- $43.0M (Oct 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 2.33x |
| Occupancy | 94% | 88% |
| Net operating income | $4.0M | $4.5M |
| Debt yield | 17.8% |
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 2019-GC38 filing for the reporting period ending October 6, 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 fallen from 94% when the loan was securitized to 88%.
- Net operating income is 12% above the underwritten figure ($4.5M a year against $4.0M).
- Debt service coverage moved from 2.08x at securitization to 2.33x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $25.4M | Current | No | 2.33x | 88% |
| September 2026 | $25.5M | Current | No | 2.33x | 88% |
| August 2026 | $25.5M | Current | No | 2.15x | 88% |
| July 2026 | $25.5M | Current | No | 2.15x | 88% |
| June 2026 | $25.6M | Current | No | 2.15x | 88% |
| May 2026 | $25.6M | Current | No | 2.15x | 88% |
| April 2026 | $25.7M | Current | No | 2.15x | 88% |
| March 2026 | $25.7M | Current | No | 2.37x | 89% |
| February 2026 | $25.8M | Current | No | 2.37x | 89% |
| January 2026 | $25.8M | Current | No | 2.37x | 89% |
| December 2025 | $25.9M | Current | No | 2.37x | 89% |
| November 2025 | $25.9M | Current | No | 2.70x | 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 2019-GC38 | 9 | $25,405,710 | Oct 2026 | SEC filing, October 22, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Liberty Station Retail | San Diego, CA | Retail | $117.0M | 5.23% | Dec 2028 | n/a | n/a | Current |
| Broadway Plaza | Chula Vista, CA | Retail | $41.0M | 4.672% | Jul 2028 | 1.93x | 100% | Current |
| Best Western Plus Hacienda Hotel | San Diego, CA | Hotel | $31.5M | 5.10% | Apr 2028 | 2.35x | 78% | Current |
| Mission Center | San Diego, CA | Office | $28.6M | 4.265% | Jun 2028 | 2.22x | 84% | Current |
| The Ratner | San Diego, CA | Office | $24.5M | 4.045% | Apr 2028 | 0.75x | 41% | Current |
| Seville Plaza | San Diego, CA | Office | $18.8M | 4.67% | Aug 2028 | 1.93x | 100% | Current |
| Mercado Plaza and Brandywine | CA | Retail | $15.8M | 7.411% | Aug 2028 | 1.39x | 100% | Current |
| Merge Carmel Valley | San Diego, CA | Mixed use | $14.3M | 4.907% | Jun 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All San Diego-Chula Vista-Carlsbad 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.