Office · San Antonio, Texas
USRA Marathon Oil Building
Public CMBS trusts hold $110.0M of the loan on USRA Marathon Oil Building at 3.65% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $110,000,000
- Original balance (same notes)
- $110,000,000
- Interest rate
- 3.65% fixed
- Originated
- August 19, 2019
- Maturity
- September 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 5, 2020
- Prepayment premium ends
- June 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 19100 Ridgewood Parkway, San Antonio, TX 78259
- Metro
- San Antonio-New Braunfels, TX
- Rentable area
- 618,017 sq ft
- Built
- 2009
- Largest tenants
- Marathon Petroleum Corporation
- Value at securitization
- $200.5M (Jul 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.66x | 2.06x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $13.8M | $21.6M |
| Debt yield | 19.6% |
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 2020-GC45 filing for the reporting period ending October 9, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x or more from securitization
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 56% above the underwritten figure ($21.6M a year against $13.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.66x at securitization to 2.06x on the latest statements.
- The filing gives May 2029 as the lease end date for the largest tenant (Marathon Petroleum Corporation), 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 | $110.0M | Current | No | 2.06x | 100% |
| September 2026 | $110.0M | Current | No | 2.06x | 100% |
| August 2026 | $110.0M | Current | No | 2.04x | 100% |
| July 2026 | $110.0M | Current | No | 2.04x | 100% |
| June 2026 | $110.0M | Current | No | n/a | n/a |
| May 2026 | $110.0M | Current | No | n/a | n/a |
| April 2026 | $110.0M | Current | No | 2.04x | 100% |
| March 2026 | $110.0M | Current | No | 2.04x | 100% |
| February 2026 | $110.0M | Current | No | 2.04x | 100% |
| January 2026 | $110.0M | Current | No | 2.04x | 100% |
| December 2025 | $110.0M | Current | No | 2.04x | 100% |
| November 2025 | $110.0M | Current | No | 2.03x | 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.
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC42 | 4 | $55,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2019-GSA1 | 7 | $35,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2020-GC45 | 25 | $20,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other San Antonio-New Braunfels loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| FedEx Ground Package System - San Antonio | San Antonio, TX | Industrial | $77.8M | 4.489% | May 2029 | n/a | n/a | Current |
| The Light Building | San Antonio, TX | Office | $43.5M | 6.86% | Jun 2029 | 1.38x | 86% | Current |
| Forward Storage San Antonio | San Antonio, TX | Self storage | $30.9M | 7.42% | Jan 2029 | 1.20x | 100% | Current |
| 19100 Ridgewood | San Antonio, TX | Office | $30.0M | 3.65% | Sep 2029 | 2.04x | 100% | Current |
| Courtyard By Marriott San Antonio Riverwalk | San Antonio, TX | Hotel | $27.8M | 5.35% | Jan 2029 | 2.23x | 63% | Late, less than 30 days |
| Terrell Plaza | San Antonio, TX | Retail | $16.6M | 6.95% | Feb 2029 | 1.55x | 96% | Current |
| Courtyard Plaza | New Braunfels, TX | Retail | $14.4M | 4.67% | Jul 2029 | 2.53x | 97% | Late, less than 30 days |
| Fairfield Inn & Suites and Springhill Suites San Antonio Downtown | San Antonio, TX | Hotel | $12.8M | 4.27% | Aug 2029 | 1.76x | 68% | Current |
All loans maturing in 2029 · All San Antonio-New Braunfels loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending October 6, 2026, October 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.