Office · Phoenix, Arizona
Royal Biltmore
Royal Biltmore is financed with a $9.4M CMBS loan at 3.53% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $9,425,000
- Original balance (same notes)
- $9,425,000
- Interest rate
- 3.53% fixed
- Originated
- August 30, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2929 E Camelback Road, Phoenix, AZ 85016
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 76,326 sq ft
- Built
- 1982, renovated 2019
- Largest tenants
- Phoenix Children; American Title Service Afency; Suzuki Law Firm
- Value at securitization
- $15.0M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.97x | 2.83x |
| Occupancy | 91% | 94% |
| Net operating income (annualized from 6 months) | $1.0M | $1.9M |
| Debt yield | 20.4% |
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-GSA1 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 risen from 91% when the loan was securitized to 94%.
- Net operating income is 92% above the underwritten figure ($1.9M a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.97x at securitization to 2.83x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $9.4M | Current | No | 2.83x | 94% |
| September 2026 | $9.4M | Current | No | 2.83x | 94% |
| August 2026 | $9.4M | Current | No | n/a | n/a |
| July 2026 | $9.4M | Current | No | n/a | n/a |
| June 2026 | $9.4M | Current | No | n/a | n/a |
| May 2026 | $9.4M | Current | No | n/a | n/a |
| April 2026 | $9.4M | Current | No | 2.38x | 90% |
| March 2026 | $9.4M | Current | No | 2.72x | 90% |
| February 2026 | $9.4M | Current | No | 2.72x | 90% |
| January 2026 | $9.4M | Current | No | 2.72x | 90% |
| December 2025 | $9.4M | Current | No | 2.72x | 90% |
| November 2025 | $9.4M | Current | No | 2.72x | 90% |
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-GSA1 | 33 | $9,425,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Marriott Phoenix Airport | Phoenix, AZ | Hotel | $33.9M | 4.128% | Dec 2029 | 3.79x | 69% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Greenway Park Plaza | Phoenix, AZ | Retail | $19.0M | 3.80% | Oct 2029 | 2.00x | 97% | Current |
All loans maturing in 2029 · All Phoenix-Mesa-Chandler 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.