Retail portfolio, 14 properties · Palm Springs, California
The Springs
Public CMBS trusts hold $167.2M of the loan on this portfolio at 4.059% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $167,229,090
- Original balance (same notes)
- $174,785,000
- Interest rate
- 4.059% fixed
- Originated
- April 25, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 5, 2021
- Prepayment premium ends
- January 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5200 Ramon Road, Palm Springs, CA 92264
- Metro
- Riverside-San Bernardino-Ontario, CA
- Value at securitization
- $413.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $21.2M | $45.2M |
| Debt yield | 27.0% |
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-GSA1 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
- Net operating income is 113% above the underwritten figure ($45.2M a year against $21.2M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| The Springs | Palm Springs, CA | Retail | 100% | 2.00x |
| Summerwood | Lakewood, CA | Retail | 100% | 2.71x |
| Food 4 Less - Target Center | Long Beach, CA | Retail | 100% | 2.51x |
| El Super Center | La Puente, CA | Retail | 99% | 2.85x |
| Island Plaza | West Covina, CA | Retail | 100% | 2.86x |
| Baldwin Park Promenade | Baldwin Park, CA | Retail | 100% | 3.10x |
| Lynwood Plaza | Lynwood, CA | Retail | 100% | 2.42x |
| El Cajon (cvs) | El Cajon, CA | Retail | 100% | 3.46x |
| Loma Vista | Fontana, CA | Retail | 100% | 3.94x |
| MLK Medical | Lynwood, CA | Retail | n/a | n/a |
| Hawthorne Plaza | Hawthorne, CA | Retail | 100% | 2.64x |
| Five Points Plaza | Rialto, CA | Retail | 98% | 3.93x |
| Towne Center Square | Rancho Cucamonga, CA | Retail | 100% | 1.56x |
| Camarillo | Camarillo, CA | Retail | 100% | 2.46x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $47.8M | Current | No | 2.00x | 100% |
| September 2026 | $167.2M | Current | No | 2.00x | 100% |
| August 2026 | $167.2M | Current | No | 2.00x | 100% |
| July 2026 | $167.2M | Current | No | 2.48x | 100% |
| June 2026 | $167.2M | Current | No | 2.48x | 100% |
| May 2026 | $167.2M | Current | No | n/a | n/a |
| April 2026 | $167.2M | Current | No | 2.01x | 100% |
| March 2026 | $167.2M | Current | No | 2.01x | 100% |
| February 2026 | $167.2M | Current | No | 1.86x | 100% |
| January 2026 | $167.2M | Current | No | 1.86x | 99% |
| December 2025 | $167.2M | Current | No | 1.86x | 99% |
| November 2025 | $167.2M | Current | No | 1.86x | 99% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-H6 | 2 | $61,984,361 | Sep 2026 | SEC filing, October 2, 2026 |
| Morgan Stanley Capital I Trust 2019-H7 | 2 | $57,406,216 | Sep 2026 | SEC filing, October 2, 2026 |
| GS Mortgage Securities Trust 2019-GSA1 | 1 | $47,838,513 | Oct 2026 | SEC filing, October 22, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Galleria at Tyler | Riverside, CA | Retail | $120.0M | 7.919% | Jan 2029 | 1.81x | 85% | Current |
| Metro 3610 | Riverside, CA | Multifamily | $75.5M | 6.181% | Nov 2029 | 1.16x | 95% | Current |
| Jess Ranch Marketplace | Apple Valley, CA | Retail | $58.1M | 3.724% | Aug 2029 | 2.51x | 93% | Current |
| 67660 East Ramon Road | Cathedral City, CA | Self storage | $39.0M | 4.14% | Apr 2029 | n/a | n/a | Current |
| The Glen | San Bernardino, CA | Multifamily | $28.5M | 6.921% | Feb 2029 | 1.18x | 79% | Current |
| Menifee Town Center | Menifee, CA | Retail | $21.7M | 3.86% | Aug 2029 | n/a | n/a | Current |
| Tower Plaza | Temecula, CA | Retail | $19.3M | 4.12% | Jul 2029 | 2.66x | 97% | Current |
| Centrepointe Plaza | Colton, CA | Retail | $18.8M | 4.85% | Jul 2029 | 1.47x | 83% | Current |
All loans maturing in 2029 · All Riverside-San Bernardino-Ontario loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.