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GSMS 2019-GC38 - Charts and Resources

Data discoverability for CMBS deal GSMS 2019-GC38 updated as of 2025-04-22.

2025-04-22

Deal Overview

Gs Mortgage Securities Trust 2019-GC38's issuance is a U.S. CMBS transaction issued from the GSMS shelf and backed by 36 commercial mortgage loans with an aggregate principal balance of 756.2 million at issuance, secured by the fee and leasehold interests in 59 properties across 16 U.S. states.
RoleParty
Rating AgenciesS&P, Fitch, KBRA
DepositorGS Mortgage Securities Corporation II
Master ServicerTrimont Real Estate Advisors
Special ServicerK-Star Asset Management
Operating AdvisorPentalpha Surveillance
Certificate AdministratorComputershare Trust Company, N.A.
TrusteeWilmington Trust, National Association

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Original Trust Amount
$756,674,500
Current Trust Amount
$665,475,887
Number of Loans
36
Number of Properties
59
Average Loan Size
$21,018,736

Portfolio Characteristics

Weighted Average Interest Rate
4.9%
Weighted Average Term
113 months
Original Valuation
$2,720,645,000
Current Valuation
$2,695,645,000

Key Dates

Origination Date
1/29/2019
Latest Valuation
1/1/1970
Latest Transfer
9/12/2024
Latest Return
N/A
Latest Modification
6/6/2020

Special Servicing Status

Loans in Special Servicing
1
Special Servicing Balance
$34,000,000
Loans Returned to Master
0
Balance Returned
N/A
Avg Time in Special Servicing
223 days
Avg Time to Return
0 days

Valuation Changes

Updated Valuations
0
Total Updated Value
N/A
Value Change Amount
N/A
Value Change Percentage
N/A

Modifications

Number of Modifications
1
Modified Balance
$25,000,000

Deal Charts

Geographic Distribution - GSMS 2019-GC38 - All States
2025-04-22

Fund Holdings

Explore a list of funds that include GSMS 2019-GC38 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
PGIM Short Duration Multi-Sector Bond Fund2025-03-27Search FIGILookup LEIA-3$6,656,1402025-10-31
Performance Trust Total Return Bond Fund2025-04-08Search FIGILookup LEIX-D$1,358,9192025-08-31
Fidelity Investment Grade Bond Central Fund2025-02-25Search FIGILookup LEIA-3$1,048,4052025-09-30
iShares U.S. Securitized Bond Index Fund2025-03-27Search FIGILookup LEIA-3$956,9222025-10-31
SPDR Portfolio Aggregate Bond ETF2024-11-25Search FIGILookup LEIA-4$780,5932025-06-30
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-4$722,3182025-10-31
Putnam Mortgage Opportunities Fund2025-01-28Search FIGILookup LEID$344,8062025-05-31
Income Fund of America2024-12-27Search FIGILookup LEIA-4$228,0302025-07-31
Nuveen ESG U.S. Aggregate Bond ETF2024-12-26Search FIGILookup LEIA-4$190,0252025-07-31
Fund NameTranchesIds
PGIM Short Duration Multi-Sector Bond Fund
$6,656,140
2025-10-31
A-3Search FIGI
Lookup LEI
Performance Trust Total Return Bond Fund
$1,358,919
2025-08-31
X-DSearch FIGI
Lookup LEI
Fidelity Investment Grade Bond Central Fund
$1,048,405
2025-09-30
A-3Search FIGI
Lookup LEI
iShares U.S. Securitized Bond Index Fund
$956,922
2025-10-31
A-3Search FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$780,593
2025-06-30
A-4Search FIGI
Lookup LEI
iShares CMBS ETF
$722,318
2025-10-31
A-4Search FIGI
Lookup LEI
Putnam Mortgage Opportunities Fund
$344,806
2025-05-31
DSearch FIGI
Lookup LEI
Income Fund of America
$228,030
2025-07-31
A-4Search FIGI
Lookup LEI
Nuveen ESG U.S. Aggregate Bond ETF
$190,025
2025-07-31
A-4Search FIGI
Lookup LEI
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.

Deal Documents

Links to the deal documents for GSMS 2019-GC38.

Monthly Remittance Report

2025-04-22

Final Prospectus

2019-02-27

Preliminary Prospectus

2019-02-08

Preliminary Prospectus

2019-02-07

Term Sheet

2019-02-07

Annex A

2019-02-07

Recent Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for GSMS 2019-GC38, giving insights into the current situation and actions being taken.

Loan transferred for Imminent Default on 9/18/24. Collateral consists of a 667,446 NRSF, Class A commercial condominium unit ("Property"), which is comprised of office on floors 14 through 41 (638K SF) and ground floor retail (26K SF) within a 42-sto ry, 888,295 SF Class A office building on a 46,740 SF site. Floors 2 through 11 are a separate, non-collateral condominium unit that is currently occupied by Murray Hill Academy. Loan is currently due for 3/6/25. Borrower has requested a modification to reduce the interest rate for two years, defer the repayment of these amounts to Maturity, and change the priority of the Cash Management waterfall. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender is dual tracking the foreclosure process while discussing Borrower's request.

2025-03-25
3 Park Avenue
Charles Steven Cohen
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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CMBS Fund Holdings Dataset

Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

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CREFC IRP standardized datasets

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