GSMS 2019-GC38
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated June 23, 2026.2026-06-23
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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 —name the CUSIP you hold (or a seat you're sizing up) and 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
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
Original Trust Amount
$756,674,500Current Trust Amount
$661,423,419Number of Loans
34Number of Properties
59Average Loan Size
$21,018,736Portfolio Characteristics
Weighted Average Interest Rate
4.9%Weighted Average Term
113 monthsWA DSCR (NCF) at Issuance
2.00xWA DSCR (NCF) Current
2.17xOriginal Valuation
$2,720,645,000Current Valuation
$2,681,645,000Key Dates
Origination Date
1/29/2019Latest Valuation
N/ALatest Transfer
9/12/2024Latest Return
N/ALatest Modification
6/6/2020Special Servicing Status
Loans in Special Servicing
1Special Servicing Balance
$34,000,000Loans Returned to Master
0Balance Returned
N/AAvg Time in Special Servicing
658 daysAvg Time to Return
0 daysValuation Changes
Updated Valuations
0Total Updated Value
N/AValue Change Amount
N/AValue Change Percentage
N/AModifications
Number of Modifications
1Modified Balance
$25,000,000Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2025-08-26| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| JNL/DoubleLine Total Return Fund | 2020-05-28 | Search FIGI | Lookup LEI | X-A | $2,790,685 | 2020-12-31 |
| DoubleLine Total Return Bond Fund | 2026-05-28 | Search FIGI | Lookup LEI | X-A | $1,255,023 | 2026-03-31 |
| DoubleLine Yield Opportunities Fund | 2026-05-28 | Search FIGI | Lookup LEI | D | $1,077,813 | 2026-09-30 |
| American Balanced Fund | 2026-02-26 | Search FIGI | Lookup LEI | A-4 | $398,737 | 2025-12-31 |
| DoubleLine Commercial Real Estate ETF | 2026-02-20 | Search FIGI | Lookup LEI | A-3 | $296,575 | 2026-09-30 |
| Bond Fund of America | 2026-05-28 | Search FIGI | Lookup LEI | A-4 | $250,299 | 2026-12-31 |
| Income Fund of America | 2026-03-30 | Search FIGI | Lookup LEI | A-4 | $237,858 | 2026-07-31 |
| KP Fixed Income Fund | 2020-11-25 | Search FIGI | Lookup LEI | A-4 | $117,140 | 2020-12-31 |
| The Bond Fund of America | 2026-02-26 | Search FIGI | Lookup LEI | A-4 | $98,454 | 2025-12-31 |
| VOYA BALANCED PORTFOLIO | 2024-08-27 | Search FIGI | Lookup LEI | X-A | $39,861 | 2024-12-31 |
| Voya Balanced Income Portfolio | 2025-08-26 | Search FIGI | Lookup LEI | X-A | $31,437 | 2025-12-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| JNL/DoubleLine Total Return Fund $2,790,685 2020-12-31 | X-A | Search FIGI Lookup LEI |
| DoubleLine Total Return Bond Fund $1,255,023 2026-03-31 | X-A | Search FIGI Lookup LEI |
| DoubleLine Yield Opportunities Fund $1,077,813 2026-09-30 | D | Search FIGI Lookup LEI |
| American Balanced Fund $398,737 2025-12-31 | A-4 | Search FIGI Lookup LEI |
| DoubleLine Commercial Real Estate ETF $296,575 2026-09-30 | A-3 | Search FIGI Lookup LEI |
| Bond Fund of America $250,299 2026-12-31 | A-4 | Search FIGI Lookup LEI |
| Income Fund of America $237,858 2026-07-31 | A-4 | Search FIGI Lookup LEI |
| KP Fixed Income Fund $117,140 2020-12-31 | A-4 | Search FIGI Lookup LEI |
| The Bond Fund of America $98,454 2025-12-31 | A-4 | Search FIGI Lookup LEI |
| VOYA BALANCED PORTFOLIO $39,861 2024-12-31 | X-A | Search FIGI Lookup LEI |
| Voya Balanced Income Portfolio $31,437 2025-12-31 | X-A | Search 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.
* 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.
Provenance & Documents
Issuance → amendments → reports. Tap to 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.
External Analysis
No external analysis linked yet. Contact us to publish and link your research.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.
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Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/gsms2019-gc38
{
"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.
CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
Paid
CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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