Office · Midland, Texas
Tgaar Tower
Tgaar Tower is financed with a $6.0M CMBS loan at 4.489% that reaches maturity on February 6, 2028, in 15 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $6,039,449
- Original balance (same notes)
- $7,200,000
- Interest rate
- 4.489% fixed
- Originated
- January 16, 2018
- Maturity
- February 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2027
- 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
- 24 Smith Road, Midland, TX 79705
- Rentable area
- 91,804 sq ft
- Built
- 1982
- Largest tenants
- Brockett McNeel & Pocsik LLP; Shenandoah Petroleum Corporation; High Peak Energy
- Value at securitization
- $11.7M (Dec 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.24x | 2.52x |
| Occupancy | 100% | 97% |
| Net operating income (annualized from 6 months) | $980K | $1.1M |
| Debt yield | 18.4% |
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 2018-GS9 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Largest tenant's lease ends 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 fallen from 100% when the loan was securitized to 97%.
- Net operating income is 13% above the underwritten figure ($1.1M a year against $980K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.24x at securitization to 2.52x on the latest statements.
- The filing gives Jan 2027 as the lease end date for the largest tenant (Brockett McNeel & Pocsik LLP), 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 | $6.0M | Current | No | 2.52x | 97% |
| September 2026 | $6.1M | Current | No | 2.52x | 97% |
| August 2026 | $6.1M | Current | No | 2.31x | 91% |
| July 2026 | $6.1M | Current | No | 2.31x | 91% |
| June 2026 | $6.1M | Current | No | 2.31x | 91% |
| May 2026 | $6.1M | Current | No | 2.31x | 91% |
| April 2026 | $6.1M | Current | No | 2.11x | 82% |
| March 2026 | $6.1M | Current | No | 2.11x | 82% |
| February 2026 | $6.1M | Current | No | 2.11x | 82% |
| January 2026 | $6.2M | Current | No | 2.12x | 80% |
| December 2025 | $6.2M | Current | No | 2.12x | 80% |
| November 2025 | $6.2M | Current | No | 2.12x | 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 2018-GS9 | 23 | $6,039,449 | Oct 2026 | SEC filing, October 22, 2026 |
Other Texas loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Oasis at Pavilion Park | Midland, TX | Multifamily | $36.0M | 3.999% | Jan 2028 | 2.77x | 95% | Current |
| Midway Station | Midland, TX | Multifamily | $24.5M | 4.942% | Aug 2028 | 1.75x | 98% | 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.