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CMBS dealSpecial servicing active

GSMS 2019-GC38

As of 6/23/2026Source: SEC EDGAR, CIK 1763207
Latest answer
GSMS 2019-GC38 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 93%Freshness: 16 days
Context brief

Quick Answer

What is GSMS 2019-GC38? A US commercial mortgage-backed security issued February 2019 ($756.7M; 34 loans; 59 properties).

Identifiers: Shelf GSMS; Series gsms2019-gc38; CIK 1763207.

Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.

Sources: SEC EDGAR CIK 1763207.

What it means for you: This is the reported figure - the same for everyone, and it takes no one's side. For what it means from a specific position, email cairn+page@cmdrvl.com and name the CUSIP you hold (or a seat you're sizing up). Cairn tailors the read to your position, with the receipts.

Part of:2019 VintageGSMS ShelfK-Star Asset Management (Special Servicer)Midland Loan Services (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/gsms2019-gc38.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:Entities10Metrics34Charts15Macro Context1Fund Holdings11Documents5Analysis & Commentary1

Who's Involved#

Rating AgenciesS&P, Fitch, KBRA
Master ServicerWells Fargo Bank, National Association
Certificate AdministratorWells Fargo Bank, N.A.
DepositorGS Mortgage Securities Corporation II
Special ServicerK-Star Asset Management
Special ServicerMidland Loan Services
TrusteeWilmington Trust, National Association
Operating AdvisorPentalpha Surveillance
Master ServicerTrimont Real Estate Advisors
Certificate AdministratorComputershare Trust Company, N.A.

Deal Metrics

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

Deal Overview

Aggregate Original Loan Amount
Current Trust Amount
Number of Loans
Number of Properties
Average Loan Size

Portfolio Characteristics

Weighted Average Interest Rate
Weighted Average Term
WA DSCR (NCF) at Issuance
WA DSCR (NCF) Current
Original Valuation
Current Valuation

Key Dates

Origination Date
Latest Valuation
Latest Transfer
Latest Return
Latest Modification

Special Servicing Status

Loans in Special Servicing
Special Servicing Balance
Loans Returned to Master
Balance Returned
Avg Time in Special Servicing
Avg Time to Return

Valuation Changes

Updated Valuations
Total Updated Value
Value Change Amount
Value Change Percentage

Modifications

Number of Modifications
Modified Balance

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - GSMS 2019-GC38 - All States
2026-06-23

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-02-26
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
JNL/DoubleLine Total Return Fund2020-05-28Search FIGILookup LEIX-A$2,790,6852020-12-31
DoubleLine Total Return Bond Fund2026-05-28Search FIGILookup LEIX-A$1,255,0232026-03-31
DoubleLine Yield Opportunities Fund2026-05-28Search FIGILookup LEID$1,077,8132026-09-30
American Balanced Fund2026-02-26Search FIGILookup LEIA-4$398,7372025-12-31
DoubleLine Commercial Real Estate ETF2026-02-20Search FIGILookup LEIA-3$296,5752026-09-30
Bond Fund of America2026-05-28Search FIGILookup LEIA-4$250,2992026-12-31
Income Fund of America2026-03-30Search FIGILookup LEIA-4$237,8582026-07-31
KP Fixed Income Fund2020-11-25Search FIGILookup LEIA-4$117,1402020-12-31
The Bond Fund of America2026-02-26Search FIGILookup LEIA-4$98,4542025-12-31
VOYA BALANCED PORTFOLIO2024-08-27Search FIGILookup LEIX-A$39,8612024-12-31
Voya Balanced Income Portfolio2025-08-26Search FIGILookup LEIX-A$31,4372025-12-31
Fund NameTranchesIds
JNL/DoubleLine Total Return Fund
$2,790,685
2020-12-31		X-ASearch FIGI
Lookup LEI
DoubleLine Total Return Bond Fund
$1,255,023
2026-03-31		X-ASearch FIGI
Lookup LEI
DoubleLine Yield Opportunities Fund
$1,077,813
2026-09-30		DSearch FIGI
Lookup LEI
American Balanced Fund
$398,737
2025-12-31		A-4Search FIGI
Lookup LEI
DoubleLine Commercial Real Estate ETF
$296,575
2026-09-30		A-3Search FIGI
Lookup LEI
Bond Fund of America
$250,299
2026-12-31		A-4Search FIGI
Lookup LEI
Income Fund of America
$237,858
2026-07-31		A-4Search FIGI
Lookup LEI
KP Fixed Income Fund
$117,140
2020-12-31		A-4Search FIGI
Lookup LEI
The Bond Fund of America
$98,454
2025-12-31		A-4Search FIGI
Lookup LEI
VOYA BALANCED PORTFOLIO
$39,861
2024-12-31		X-ASearch FIGI
Lookup LEI
Voya Balanced Income Portfolio
$31,437
2025-12-31		X-ASearch FIGI
Lookup LEI
11 of 11 funds* Use toggle buttons to sort
* 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.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineage Open deal-level fund-holder pageFund not listed or misattributed? Contact us at support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-06-23
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2019-02-27
Final Prospectus
Document filing with updated information.
View on SEC →
2019-02-13
Final Termsheet
Document filing with updated information.
View on SEC →
2019-02-08
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2019-02-07
Annex A
Document filing with updated information.
View on SEC →

Context & Commentary#

Curious about data-center or AI-tenant exposure across CMBS collateral? See AI & data-center exposure →

Entity Statements

💬 Servicer Commentary

2026-06-23
3 Park Avenue
Charles Steven Cohen
Prospectus ID: 8
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. Property reported YE2025 NOI of ~$6.82MM and occupancy of 47%, as of 12/31/25. Loan is currently due for 6/6/26. Borrower initially 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, but has now w ithdrawn this request. After defaulting on a $500MM+ loan with Fortress Investment Group, Sponsor has been embroiled in litigation over repaying a personal judgment. Local counsel was retained to file for foreclosure and/or receivership, if necessary. Loan was accelerated on 10/31/25. Lender conditionally approved a proposed reinstatement with Borrower, which has been delayed due to factors related to repaying Fortress Investment Group. Lender will continue to dual track the foreclosure process while working to document the reinstatement.
Open Deal →

External Analysis

No external analysis linked yet. Contact us to publish and link your research.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Monitoring
This deal's collateral and ratings data changes over time. Who is watching it for you?
CMD+RVL runs monitors on the filings behind this page — new servicer reports, ratings actions, collateral shifts — and delivers each state change with full provenance.
Set up monitoring for this deal →
Have a source-backed note on this deal? Contact us.

Datasets & API#

GET https://dealcharts.org/llm/facts/gsms2019-gc38.json
{
  "deal_id": "gsms2019-gc38",
  "issuer": "",
  "shelf": "GSMS",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "S&P, Fitch, KBRA"
  },
  {
    "role": "Master Servicer",
    "name": "Wells Fargo Bank, National Association"
  },
  {
    "role": "Certificate Administrator",
    "name": "Wells Fargo Bank, N.A."
  },
  {
    "role": "Depositor",
    "name": "GS Mortgage Securities Corporation II"
  },
  {
    "role": "Special Servicer",
    "name": "K-Star Asset Management"
  },
  {
    "role": "Special Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Trustee",
    "name": "Wilmington Trust, National Association"
  },
  {
    "role": "Operating Advisor",
    "name": "Pentalpha Surveillance"
  },
  {
    "role": "Master Servicer",
    "name": "Trimont Real Estate Advisors"
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  }
]
}


Access the underlying datasets used to power these analytics.
Marketplace dataset

CMBS Fund Holdings Dataset

Snowflake Marketplace

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

Go to MarketplaceData Dictionary
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Marketplace dataset

CREFC IRP standardized datasets

Snowflake Marketplace

Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.

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Ask Cairn

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