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CMBS dealSpecial servicing active

GSMS 2019-GC39

As of 6/23/2026Source: SEC EDGAR, CIK 1771501
Latest answer
GSMS 2019-GC39 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 100%Freshness: 16 days
Context brief

Quick Answer

What is GSMS 2019-GC39? A US commercial mortgage-backed security issued May 2019 ($1.5B; 30 loans; 64 properties).

Identifiers: Shelf GSMS; Series gsms2019-gc39; CIK 1771501.

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 1771501.

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 ShelfKeyBank Real Estate Capital (Special Servicer)KeyBank National Association (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/gsms2019-gc39.json · API docs
Have a question this page didn't answer? Ask Cairn →

What Changed#

Loan-level changes between the 2026-01-21 and 2026-02-23 filing periods.

Change Summary

Total Change
$442K
Coverage
100%
Loans in Pool
36
Fields Changed
54

Top Contributors

Loan 5 — Ending Balance$-86K
$48.9M → $48.8M19% of total change
Loan 9 — Ending Balance$-53K
$21.0M → $20.9M12% of total change
Loan 26 — P&I Advances+$41K
$0 → $41K9% of total change
Loan 13 — Ending Balance$-36K
$16.5M → $16.5M8% of total change
Loan 10 — Ending Balance$-30K
$22.9M → $22.8M7% of total change
Loan 14 — Ending Balance$-28K
$16.1M → $16.0M6% of total change
Loan 12 — Ending Balance$-27K
$18.8M → $18.8M6% of total change
Loan 18 — Ending Balance$-19K
$13.6M → $13.6M4% of total change
Loan 16 — P&I Advances+$19K
$75K → $94K4% of total change
Comparing 2026-01-21 to 2026-02-23Updated 2026-03-02
On this page:Entities10Metrics34Charts15Macro Context1Fund Holdings4Documents5Analysis & Commentary2

Who's Involved#

Rating AgenciesMoodys, Fitch, KBRA
Operating AdvisorPark Bridge Lender Services
Special ServicerKeyBank Real Estate Capital
Special ServicerKeyBank National Association
TrusteeWells Fargo Bank, N.A.
DepositorGS Mortgage Securities Corporation II
Certificate AdministratorWells Fargo Bank, N.A.
Master ServicerMidland Loan Services
TrusteeComputershare Trust Company, N.A.
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-GC39 - All States
2026-06-23

Fund Exposure#

Source: NPORT-P & related disclosures • 2020-11-25
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Delaware VIP Diversified Income Series2020-11-25Search FIGILookup LEIA-4$947,4072020-12-31
Delaware Strategic Allocation Fund2023-10-31Search FIGILookup LEIA-4$520,8782023-03-31
DoubleLine Total Return Bond Fund2026-05-28Search FIGILookup LEIX-A$357,4342026-03-31
DoubleLine Commercial Real Estate ETF2026-02-20Search FIGILookup LEIA-3$213,3412026-09-30
Fund NameTranchesIds
Delaware VIP Diversified Income Series
$947,407
2020-12-31		A-4Search FIGI
Lookup LEI
Delaware Strategic Allocation Fund
$520,878
2023-03-31		A-4Search FIGI
Lookup LEI
DoubleLine Total Return Bond Fund
$357,434
2026-03-31		X-ASearch FIGI
Lookup LEI
DoubleLine Commercial Real Estate ETF
$213,341
2026-09-30		A-3Search FIGI
Lookup LEI
4 of 4 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 & lineageFund 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 →
2019-05-23
Final Prospectus
Document filing with updated information.
View on SEC →
2019-05-09
Final Termsheet
Document filing with updated information.
View on SEC →
2019-05-06
Annex A
Document filing with updated information.
View on SEC →
2019-05-06
Preliminary Prospectus
Document filing with updated information.
View on SEC →

Context & Commentary#

This deal is tagged for AI-industry / data-center exposure (Tech Giant, Data Center). See the full list of AI-exposed CMBS deals →

Entity Statements

💬 Servicer Commentary

2026-06-23
57 East 11th Street
Winter Properties LLC
Prospectus ID: 16
6/5/2026 - REO Title Date: October 23, 2025. Description of Collateral: The subject is an existing office building with ground floor retail located at 57-59 E 11th St, New York, NY within the Greenwich Village submarket. The subject is a 11-story building and contains a total of 61,375 rentable square feet of which 57,022 SF (92.9% NRA) is office and 4,353 SF (7.1% NRA) is retail space. The improvements were constructed in 1903 and renovated in 2018. The renovation included creating a rooftop terrace alon g with other general renovations on the interior of the property. The property was100% leased to WeWork on a 16-year lease expiring October 31, 2034; however, on November 6, 2023, WeWork filed for bankruptcy and the subject lease was rejected. Currently, the subject is fully vacant. Crossed with or is a Companion Loan to: GSMS 2019-GC39 – Loan #M30502796; BMARK 2019-B11 – Loan #M30503026; GSMS 2019-GC40 – Loan #M30503027. Deferred Maintenance/Repair Issues: Asset is in Good condition. Leasing Summary: Cur rently marketing vacant spaces. Colliers has been appointed as PM/leasing agent. Marketing Summary: Asset not currently listed for sale.
Open Deal →

💬 Servicer Commentary

2026-06-23
The Shops At Bee Cave
Richard A. Papapietro
Prospectus ID: 35
5/8/2026 - The loan transferred to Special Servicing effective 03/16/2021 due to a Default with Material Adverse Effects. Specifically, the default has materially and adversely affected (i) the value of the Loan, and/or (ii) the interests of Certificateho lders. The loan is secured by a 13,714 sf retail strip located in Bee Cave, TX. Special Servicer is working through resolution options.
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-gc39.json
{
  "deal_id": "gsms2019-gc39",
  "issuer": "",
  "shelf": "GSMS",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "Moodys, Fitch, KBRA"
  },
  {
    "role": "Operating Advisor",
    "name": "Park Bridge Lender Services"
  },
  {
    "role": "Special Servicer",
    "name": "KeyBank Real Estate Capital"
  },
  {
    "role": "Special Servicer",
    "name": "KeyBank National Association"
  },
  {
    "role": "Trustee",
    "name": "Wells Fargo Bank, N.A."
  },
  {
    "role": "Depositor",
    "name": "GS Mortgage Securities Corporation II"
  },
  {
    "role": "Certificate Administrator",
    "name": "Wells Fargo Bank, N.A."
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Trustee",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "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
Paid
Marketplace dataset

CREFC IRP standardized datasets

Snowflake Marketplace

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

Go to MarketplaceData Dictionary
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Ask Cairn

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