Retail · Garner, North Carolina
White Oak Crossing
Public CMBS trusts hold $60.0M of the loan on White Oak Crossing at 3.544% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $60,025,985
- Original balance (same notes)
- $63,375,000
- Interest rate
- 3.544% fixed
- Originated
- November 14, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 120-280 Shenstone Blvd 7085 White Oak, Garner, NC 27529
- Metro
- Raleigh-Cary, NC
- Rentable area
- 528,397 sq ft
- Built
- 2002
- Largest tenants
- BJ'S WHOLESALE CLUB #151 (BJ'S WHOLESALE CLUB, INC.); KOHL'S #612 (KOHL'S, INC.); DICK'S SPORTING GOODS #217 (DICK'S SPORTING GOODS, INC.)
- Value at securitization
- $86.8M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.86x | 2.14x |
| Occupancy | 93% | 99% |
| Net operating income (annualized from 6 months) | $6.4M | $14.8M |
| Debt yield | 24.7% |
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-GSA2 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 93% when the loan was securitized to 99%.
- Net operating income is 132% above the underwritten figure ($14.8M a year against $6.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.86x at securitization to 2.14x on the latest statements.
- The filing gives Aug 2028 as the lease end date for the largest tenant (BJ'S WHOLESALE CLUB #151 (BJ'S WHOLESALE CLUB, INC.)), 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 | $10.8M | Current | No | 2.14x | 99% |
| September 2026 | $60.0M | Current | No | 2.14x | 99% |
| August 2026 | $60.1M | Current | No | n/a | n/a |
| July 2026 | $60.3M | Current | No | n/a | n/a |
| June 2026 | $60.4M | Current | No | n/a | n/a |
| May 2026 | $60.5M | Current | No | n/a | n/a |
| April 2026 | $60.6M | Current | No | 2.25x | 99% |
| March 2026 | $60.7M | Current | No | 2.25x | 99% |
| February 2026 | $60.8M | Current | No | 2.15x | 99% |
| January 2026 | $60.9M | Current | No | 2.15x | 99% |
| December 2025 | $61.0M | Current | No | 2.15x | 99% |
| November 2025 | $61.1M | Current | No | 2.08x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 13 | $30,318,840 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2020-B21 Mortgage Trust | 21 | $18,949,275 | Sep 2026 | SEC filing, September 28, 2026 |
| GS Mortgage Securities Trust 2020-GSA2 | 22 | $10,757,871 | Oct 2026 | SEC filing, October 22, 2026 |
Other Raleigh-Cary loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Weston I & II | Cary, NC | Office | $48.4M | 5.742% | Jan 2029 | 1.11x | 74% | Current |
| Hyatt House RDU Raleigh | Raleigh, NC | Hotel | $13.0M | 4.15% | Oct 2029 | 2.52x | n/a | Current |
| Springhill Suites Raleigh Cary | Cary, NC | Hotel | $12.8M | 3.94% | Dec 2029 | 2.28x | 68% | Current |
| Wellington Park | Cary, NC | Retail | $10.0M | 5.53% | Mar 2029 | 2.01x | 100% | Current |
| Fairfield Inn & Suites Raleigh Cary | Cary, NC | Hotel | $9.1M | 5.09% | Apr 2029 | 2.02x | 72% | Current |
| Hampton Inn - Knightdale | Knightdale, NC | Hotel | $9.0M | 4.70% | Jun 2029 | 2.39x | 69% | Current |
| Shoppes At Holly Springs | Holly Springs, NC | Retail | $5.3M | 4.02% | Jun 2029 | n/a | n/a | Current |
| Country Inn & Suites Smithfield | Smithfield, NC | Hotel | $4.8M | 5.644% | Mar 2029 | 1.21x | 59% | Current |
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.