Retail · Gilbert, Arizona
Santan Village Marketplace
Santan Village Marketplace is financed with a $33.5M CMBS loan at 4.282% that reaches maturity on June 6, 2028, in 19 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $33,475,000
- Original balance (same notes)
- $33,475,000
- Interest rate
- 4.282% fixed
- Originated
- May 11, 2018
- Maturity
- June 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 5, 2019
- Prepayment premium ends
- December 5, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2697-2817 South Market Street, Gilbert, AZ 85295
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 285,581 sq ft
- Built
- 2005
- Largest tenants
- Marshalls; DESIGNER SHOE WAREHOUSE; CAVENDER’S BOOT CITY
- Value at securitization
- $52.8M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.04x | 3.17x |
| Occupancy | 99% | 72% |
| Net operating income (annualized from 6 months) | $4.4M | $4.6M |
| Debt yield | 13.8% |
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 2018-GS10 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Occupancy down 10 points or more from securitization
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 99% when the loan was securitized to 72%.
- Debt service coverage moved from 3.04x at securitization to 3.17x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $33.5M | Current | No | 3.17x | 72% |
| September 2026 | $33.5M | Current | No | 3.17x | 72% |
| August 2026 | $33.5M | Current | No | 3.23x | 75% |
| July 2026 | $33.5M | Current | No | 2.55x | 76% |
| June 2026 | $33.5M | Current | No | 2.55x | 76% |
| May 2026 | $33.5M | Current | No | 2.55x | 76% |
| April 2026 | $33.5M | Current | No | 2.55x | 76% |
| March 2026 | $33.5M | Current | No | 2.35x | 81% |
| February 2026 | $33.5M | Current | No | 2.35x | 81% |
| January 2026 | $33.5M | Current | No | 2.35x | 81% |
| December 2025 | $33.5M | Current | No | 2.35x | 81% |
| November 2025 | $33.5M | Current | No | 2.35x | 81% |
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 2018-GS10 | 10 | $33,475,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marina Heights State Farm | Tempe, AZ | Office | $210.0M | 3.56% | Jan 2028 | 2.93x | 100% | Current |
| Scottsdale Fashion Square | Scottsdale, AZ | Retail | $200.0M | 6.214% | Mar 2028 | 2.08x | n/a | Current |
| Liberty Portfolio | AZ | Office | $90.7M | 4.755% | Oct 2028 | 1.75x | 97% | Current |
| Marina Heights | Tempe, AZ | Office | $86.0M | 3.56% | Jan 2028 | 2.99x | 100% | Current |
| PetSmart HQ | Phoenix, AZ | Office | $68.0M | 4.28% | Apr 2028 | 2.28x | 100% | Current |
| Park West Shopping Center | Peoria, AZ | Retail | $58.6M | 7.25% | Jun 2028 | 1.66x | 88% | Current |
| Phoenix Marriott Tempe at the Buttes | Tempe, AZ | Hotel | $56.9M | 5.11% | Oct 2028 | 3.29x | 77% | Current |
| Liberty Center at Rio Salado | Tempe, AZ | Office | $50.0M | 4.755% | Oct 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.