Mixed use · Denver, Colorado
Writer Square
Writer Square is financed with a $59.6M CMBS loan at 5.099% that reaches maturity on January 6, 2027, in 2 months. As of the Oct 2026 servicer report its status is with the special servicer.
The loan
- Balance in tracked trusts
- $59,622,561
- Original balance (same notes)
- $59,622,561
- Interest rate
- 5.099% fixed
- Originated
- December 9, 2016
- Maturity
- January 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 5, 2019
- Prepayment premium ends
- October 5, 2026 (yield maintenance)
- Originator
- GSMC
Status
- Payment status
- Payment not received but still in grace period or not yet due. (code A)
- Special servicing
- Transferred December 13, 2021
- Workout strategy
- Other
- Defeasance
- Partly defeased
The property
- Address
- 1512 Larimer Street, Denver, CO 80202
- Metro
- Denver-Aurora-Centennial, CO
- Rentable area
- 180,485 sq ft
- Built
- 1980, renovated 2016
- Largest tenants
- CRESA GLOBAL, INC; OVERLAND SHEEPSKIN CO.; MEDILOGIX, LLC
- Value at securitization
- $95.5M (Nov 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.64x | 0.23x |
| Occupancy | 88% | 36% |
| Net operating income (annualized from 3 months) | $5.1M | $714K |
| Debt yield | 1.2% |
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 2017-GS5 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (November 2025 to October 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
- Occupancy has fallen from 88% when the loan was securitized to 36%.
- Net operating income is 86% below the underwritten figure ($714K a year against $5.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.64x at securitization to 0.23x on the latest statements.
- At 0.23x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $59.6M | Payment not received but still in grace period or not yet due | Yes | 0.23x | 36% |
| September 2026 | $59.6M | Current | Yes | 0.23x | 36% |
| August 2026 | $59.6M | Payment not received but still in grace period or not yet due | Yes | 0.23x | 36% |
| July 2026 | $59.6M | Current | Yes | n/a | n/a |
| June 2026 | $59.6M | Current | Yes | n/a | n/a |
| May 2026 | $59.6M | Current | Yes | n/a | n/a |
| April 2026 | $59.6M | Payment not received but still in grace period or not yet due | Yes | 0.09x | 36% |
| March 2026 | $59.6M | Payment not received but still in grace period or not yet due | Yes | 0.09x | 36% |
| February 2026 | $59.6M | Current | Yes | 0.09x | 36% |
| January 2026 | $59.6M | Payment not received but still in grace period or not yet due | Yes | n/a | n/a |
| December 2025 | $59.6M | Current | Yes | n/a | n/a |
| November 2025 | $59.6M | Current | Yes | n/a | n/a |
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 December 13, 2021, 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 2017-GS5 | 7 | $59,622,561 | Oct 2026 | SEC filing, October 22, 2026 |
Other Denver-Aurora-Centennial loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| CH2M Global Headquarters | Englewood, CO | Office | $74.3M | 4.846% | Apr 2027 | 1.43x | 100% | Current |
| 700 Broadway | Denver, CO | Office | $51.0M | 4.391% | Jan 2027 | -0.38x | 27% | Current |
| Embassy Suites Denver | Denver, CO | Hotel | $15.6M | 4.60% | Apr 2027 | 1.22x | 73% | Current |
| Boulevard Center II | Denver, CO | Retail | $13.8M | 4.694% | May 2027 | 1.19x | 93% | Current |
| Comfort Suites Golden West | Evergreen, CO | Hotel | $9.3M | 4.417% | Nov 2027 | 1.88x | 50% | Current |
| Green Valley Ranch - Denver | Denver, CO | Retail | $9.1M | 4.446% | Dec 2027 | 2.56x | 89% | Current |
| Westgate Centre | Lakewood, CO | Retail | $7.6M | 4.45% | Jul 2027 | 2.14x | 84% | Current |
| Eliot Street Center | Denver, CO | Mixed use | $6.4M | 4.885% | Nov 2027 | 0.71x | 96% | Current |
All loans maturing in 2027 · All Denver-Aurora-Centennial 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.