GSMS 2019-GC40
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated July 1, 2026.2026-07-01
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Quick Answer
What is GSMS 2019-GC40? A US commercial mortgage-backed security issued June 2019 ($914.5M; 30 loans; 45 properties).
Identifiers: Shelf GSMS; Series gsms2019-gc40; CIK 1778232.
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 1778232.
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.
Machine-readable data: https://dealcharts.org/llm/facts/gsms2019-gc40.json · API docs
Who's Involved#
Rating AgenciesS&P, Fitch, KBRA
DepositorGS Mortgage Securities Corporation II
Master ServicerMidland Loan Services
Special ServicerLNR Partners
Operating AdvisorPentalpha Surveillance
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$914,468,800Current Trust Amount
$711,830,467Number of Loans
30Number of Properties
45Average Loan Size
$26,127,680Portfolio Characteristics
Weighted Average Interest Rate
4.2%Weighted Average Term
111 monthsWA DSCR (NCF) at Issuance
2.49xWA DSCR (NCF) Current
3.03xOriginal Valuation
$4,918,405,000Current Valuation
$4,538,405,000Key Dates
Origination Date
6/10/2019Latest Valuation
4/1/2026Latest Transfer
12/8/2025Latest Return
1/27/2025Latest Modification
11/4/2020Special Servicing Status
Loans in Special Servicing
2Special Servicing Balance
$95,000,000Loans Returned to Master
2Balance Returned
$51,306,540Avg Time in Special Servicing
347 daysAvg Time to Return
298 daysValuation Changes
Updated Valuations
5Total Updated Value
$62,150,000Value Change Amount
-$45,200,000Value Change Percentage
21.6%Modifications
Number of Modifications
3Modified Balance
$62,360,869Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2025-02-28| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| JPMorgan Income Builder Fund | 2026-06-26 | Search FIGI | Lookup LEI | D, E | $4,217,179 | 2026-10-31 |
| American Funds Multi-Sector Income Fund | 2026-05-28 | Search FIGI | Lookup LEI | C | $3,488,183 | 2026-12-31 |
| American Funds Strategic Bond Fund | 2026-05-28 | Search FIGI | Lookup LEI | C | $2,530,254 | 2026-12-31 |
| MFS Income Fund | 2026-06-29 | Search FIGI | Lookup LEI | A-S | $2,011,314 | 2026-10-31 |
| T. Rowe Price Spectrum Income Fund | 2026-02-26 | Search FIGI | Lookup LEI | A-4 | $420,239 | 2025-12-31 |
| NB Private Markets Access Fund LLC | 2025-02-28 | Search FIGI | Lookup LEI | A-AB | $193,030 | 2025-03-31 |
| Blackstone Real Estate Income Master Fund | 2020-11-27 | Search FIGI | Lookup LEI | X-D | $87,174 | 2020-12-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| JPMorgan Income Builder Fund $4,217,179 2026-10-31 | D, E | Search FIGI Lookup LEI |
| American Funds Multi-Sector Income Fund $3,488,183 2026-12-31 | C | Search FIGI Lookup LEI |
| American Funds Strategic Bond Fund $2,530,254 2026-12-31 | C | Search FIGI Lookup LEI |
| MFS Income Fund $2,011,314 2026-10-31 | A-S | Search FIGI Lookup LEI |
| T. Rowe Price Spectrum Income Fund $420,239 2025-12-31 | A-4 | Search FIGI Lookup LEI |
| NB Private Markets Access Fund LLC $193,030 2025-03-31 | A-AB | Search FIGI Lookup LEI |
| Blackstone Real Estate Income Master Fund $87,174 2020-12-31 | X-D | Search FIGI Lookup LEI |
7 of 7 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
57 East 11th Street
Winter Properties LLC
Prospectus ID: 15
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.
💬 Servicer Commentary
2026-06-23
250 Livingston Street
Clipper Realty L.P.
Prospectus ID: 2
6/5/2026 - The Loan transferred on 12/12/2025 due to Delinquent Payments after Borrower failed to make the payment due on 10/6/2025. The Loan was previously transferred to the Special Servicer (NT) on 1/2/2025 due to Borrower''s request for a Loan Modific ation. Collateral consists of a 12-story, 370,305 SF mixed-use building (Property) with commercial space on floors 18 and 36 residential units on the top four floors, built in 1920 and located in Brooklyn, NY. The Property was formerly occupied by the Cit y of New York (Moody''s: Aa2 / Fitch: AA / S&P: AA), which occupied 342,496 SF (92% NRA, $47/SF) by the DCAS and exercised its early termination option effective 8/31/2025. As of YE 2025, the Property reported NOI/DSCR/Occ of $5.5MM/1.22x/7.1%, with signi ficant operating shortfalls anticipated in 2026. Lender is awaiting updates regarding any new leasing. The Borrower is represented by Ironhound. Notice of Default was sent on 12/17/2025.
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?
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Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/gsms2019-gc40
{
"deal_id": "gsms2019-gc40",
"issuer": "",
"shelf": "GSMS",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "S&P, Fitch, KBRA"
},
{
"role": "Depositor",
"name": "GS Mortgage Securities Corporation II"
},
{
"role": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Special Servicer",
"name": "LNR Partners"
},
{
"role": "Operating Advisor",
"name": "Pentalpha Surveillance"
}
]
}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.
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CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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