Retail · Bee Cave, Texas
The Shops At Bee Cave
The Shops At Bee Cave is financed with a $4.3M CMBS loan at 4.65% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Oct 2026 servicer report its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $4,300,000
- Original balance (same notes)
- $4,300,000
- Interest rate
- 4.65% fixed
- Originated
- February 28, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred March 16, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 3944 Ranch Road 620 South, Bee Cave, TX 78738
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 13,714 sq ft
- Built
- 2017
- Largest tenants
- Schlotzsky's; Honey B Nail Spa; BirthBaby
- Value at securitization
- $7.8M (Dec 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.28x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $463K | n/a |
Watch flags
Computed from the GS Mortgage Securities Trust 2019-GC39 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since April 2026.
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
- The filing gives Feb 2028 as the lease end date for the largest tenant (Schlotzsky's), 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 | $4.3M | 30-59 days delinquent | Yes | n/a | n/a |
| September 2026 | $4.3M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| August 2026 | $4.3M | Current | Yes | n/a | n/a |
| July 2026 | $4.3M | Payment not received but still in grace period or not yet due | Yes | n/a | n/a |
| June 2026 | $4.3M | Current | Yes | n/a | n/a |
| May 2026 | $4.3M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| April 2026 | $4.3M | Payment not received but still in grace period or not yet due | Yes | 2.38x | 100% |
| March 2026 | $4.3M | Current | No | 2.38x | 100% |
| February 2026 | $4.3M | Current | No | 2.38x | 100% |
| January 2026 | $4.3M | Current | No | 2.38x | 100% |
| December 2025 | $4.3M | Current | No | 2.38x | 100% |
| November 2025 | $4.3M | Current | No | 2.38x | 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 March 16, 2026, still there.
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 2019-GC39 | 35 | $4,300,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Langdon at Walnut Park | Austin, TX | Multifamily | $55.0M | 6.257% | Sep 2029 | 0.84x | 91% | Current |
| SkyLoft Austin | Austin, TX | Multifamily | $36.0M | 4.283% | Mar 2029 | 3.06x | 87% | Current |
| Rialto I & Ii | Austin, TX | Office | $30.0M | 8.143% | Apr 2029 | 1.51x | 67% | Current |
| Villa Nueces | Austin, TX | Multifamily | $30.0M | 4.598% | Nov 2029 | n/a | n/a | Current |
| Springdale General | Austin, TX | Office | $24.5M | 4.76% | Jan 2029 | 3.18x | 100% | Current |
| Crystal Falls | Leander, TX | Retail | $21.2M | 4.15% | Jul 2029 | 2.28x | 96% | Current |
| Home2 Suites By Hilton Domain | Austin, TX | Hotel | $18.8M | 4.53% | Jul 2029 | n/a | n/a | Current |
| Kyle Crossings | Kyle, TX | Retail | $18.1M | 5.463% | Jan 2029 | 2.83x | 99% | Current |
All loans maturing in 2029 · All Austin-Round Rock-San Marcos 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.