Self storage · Colorado Springs, Colorado
Storage Sense Colorado Springs
Storage Sense Colorado Springs is financed with a $1.9M CMBS loan at 5.45% that reaches maturity on February 6, 2029, in 2 years and 3 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $1,885,717
- Original balance (same notes)
- $2,020,000
- Interest rate
- 5.45% fixed
- Originated
- January 10, 2019
- Maturity
- February 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- November 5, 2028
- 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
- 2702 East Yampa Street and 1012 Hathaway Drive, Colorado Springs, CO 80909
- Metro
- Colorado Springs, CO
- Rentable area
- 32,945 sq ft
- Built
- 1996
- Value at securitization
- $3.0M (Dec 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 1.67x |
| Occupancy | 90% | 94% |
| Net operating income (annualized from 6 months) | $185K | $231K |
| Debt yield | 12.2% |
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 risen from 90% when the loan was securitized to 94%.
- Net operating income is 25% above the underwritten figure ($231K a year against $185K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.35x at securitization to 1.67x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $1.9M | Current | No | 1.67x | 94% |
| September 2026 | $1.9M | Current | No | 1.67x | 94% |
| August 2026 | $1.9M | Current | No | 1.79x | 90% |
| July 2026 | $1.9M | Current | No | 1.79x | 90% |
| June 2026 | $1.9M | Current | No | 1.70x | 83% |
| May 2026 | $1.9M | Current | No | 1.67x | 80% |
| April 2026 | $1.9M | Current | No | 1.67x | 80% |
| March 2026 | $1.9M | Current | No | 1.67x | 80% |
| February 2026 | $1.9M | Current | No | 1.67x | 80% |
| January 2026 | $1.9M | Current | No | 1.67x | 80% |
| December 2025 | $1.9M | Current | No | 1.67x | 80% |
| November 2025 | $1.9M | Current | No | 1.59x | 86% |
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 | 36 | $1,885,717 | Oct 2026 | SEC filing, October 22, 2026 |
Other Colorado Springs loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cheyenne Mountain Resort | Colorado Springs, CO | Hotel | $75.0M | 7.45% | Nov 2029 | 1.47x | 59% | Current |
| Citadel Crossing - Colorado Springs | Colorado Springs, CO | Retail | $41.0M | 8.13% | Jun 2029 | 1.13x | 93% | Current |
| Colorado Square | Colorado Springs, CO | Office | $32.2M | 4.10% | Aug 2029 | n/a | n/a | Current |
| DoubleTree Colorado Springs | Colorado Springs, CO | Hotel | $23.7M | 4.90% | May 2029 | 2.66x | 68% | Current |
| Platte Airpark Tech Campus | Colorado Springs, CO | Office | $14.6M | 3.759% | Nov 2029 | 2.69x | 100% | Current |
| Woodmen Corporate Center | Colorado Springs, CO | Office | $8.5M | 4.87% | Feb 2029 | 2.66x | 76% | Current |
| Fillmore Crossing | Colorado Springs, CO | Multifamily | $7.6M | 4.73% | May 2029 | 2.76x | 96% | Current |
| Fairfield Inn & Suites - Colorado Springs North | Colorado Springs, CO | Hotel | $6.3M | 5.10% | Apr 2029 | 0.16x | 55% | Current |
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.