Office · Riverside, California
Spruce Street Professional Building
Spruce Street Professional Building is financed with a $8.3M CMBS loan at 4.80% that reaches maturity on May 6, 2027, in 6 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $8,294,779
- Original balance (same notes)
- $9,500,000
- Interest rate
- 4.80% fixed
- Originated
- April 28, 2017
- Maturity
- May 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- June 5, 2019
- Originator
- GSMC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred April 23, 2024, returned November 12, 2024
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 1325 Spruce Street aka 2245 Iowa Avenue, Riverside, CA 92507
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 75,204 sq ft
- Built
- 2007
- Largest tenants
- Work Force Development; Stanbridge University; Regional Finance Company of California, LLC
- Value at securitization
- $12.1M (Mar 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 2.31x |
| Occupancy | 87% | 100% |
| Net operating income (annualized from 3 months) | $963K | $1.4M |
| Debt yield | 16.9% |
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 2017-GS6 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Matures within 12 months
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 87% when the loan was securitized to 100%.
- Net operating income is 45% above the underwritten figure ($1.4M a year against $963K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.61x at securitization to 2.31x on the latest statements.
- The filing gives Sep 2026 as the lease end date for the largest tenant (Work Force Development), 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 | $8.3M | Current | No | 2.31x | 100% |
| September 2026 | $8.3M | Current | No | 2.31x | 100% |
| August 2026 | $8.3M | Current | No | 2.31x | 100% |
| July 2026 | $8.3M | Current | No | 2.31x | 100% |
| June 2026 | $8.4M | Current | No | 2.31x | 100% |
| May 2026 | $8.4M | Current | No | n/a | n/a |
| April 2026 | $8.4M | Current | No | 1.80x | n/a |
| March 2026 | $8.4M | Current | No | 1.80x | n/a |
| February 2026 | $8.4M | Current | No | 1.80x | n/a |
| January 2026 | $8.4M | Current | No | 1.72x | 100% |
| December 2025 | $8.5M | Current | No | 1.72x | 100% |
| November 2025 | $8.5M | Current | No | 1.72x | 100% |
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 April 23, 2024, returned to the master servicer November 12, 2024.
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 2017-GS6 | 29 | $8,294,779 | Oct 2026 | SEC filing, October 22, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| JW Marriott Desert Springs | Palm Desert, CA | Healthcare | $128.0M | 4.995% | Jan 2027 | 6.52x | 61% | Current |
| Loma Linda | Loma Linda, CA | Office | $127.5M | 3.59% | Jul 2027 | 2.81x | 100% | Current |
| Ritz Carlton Rancho Mirage | Rancho Mirage, CA | Hotel | $58.9M | 5.095% | Feb 2027 | 9.02x | 73% | Current |
| Murrieta Plaza | Murrieta, CA | Retail | $30.9M | 4.577% | Nov 2027 | 0.88x | 57% | Current |
| DoubleTree Ontario | Ontario, CA | Hotel | $30.0M | 5.369% | May 2027 | 6.35x | 86% | Current |
| El Paseo Square | Palm Desert, CA | Retail | $22.6M | 4.37% | May 2027 | 1.65x | 70% | Current |
| One Lakeshore Center | Ontario, CA | Office | $22.5M | 4.57% | Dec 2027 | 2.11x | 91% | Current |
| Empire Tower I | Ontario, CA | Office | $21.0M | 4.99% | Feb 2027 | 2.50x | 96% | Current |
All loans maturing in 2027 · All Riverside-San Bernardino-Ontario 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.