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GSMS 2019-GC40 - Charts and Resources

Data discoverability for CMBS deal GSMS 2019-GC40 updated as of 2025-03-25.

2025-03-25

Deal Overview

Gs Mortgage Securities Trust 2019-GC40's issuance is a U.S. CMBS transaction issued from the GSMS shelf and backed by 35 commercial mortgage loans with an aggregate principal balance of 728.6 million at issuance, secured by the fee and leasehold interests in 44 properties across 19 U.S. states.
Rating AgenciesS&P, Fitch, KBRADepositorGS Mortgage Securities Corporation IIMaster ServicerMidland Loan ServicesSpecial ServicerLNR PartnersOperating AdvisorPentalpha Surveillance

Deal Metrics

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

Key Deal Information

Core financial metrics and portfolio characteristics of the deal.
Original Trust Amount
$914,468,800
Current Trust Amount
$756,048,573(-4.0%)
Number of Loans
35
Number of Properties
44
Average Loan Size
$26,127,680
Weighted Average Interest Rate
4.2%
Weighted Average Term
111 months

Key Dates

Timeline of significant events and milestones in the deal's history.
Origination Date
6/9/2019
Most Recent Valuation Date
11/4/2024
Most Recent Transfer Date
2/5/2024
Most Recent Return Date
1/26/2025
Most Recent Modification Date
11/4/2020

Special Servicing

Status and history of loans transferred to special servicing.
Loans in Special Servicing
1
Special Servicing Balance
$20,000,000
Loans Returned to Master
2
Balance Returned to Master
$52,149,447
Avg Special Servicing Time
434 days
Avg Time to Return to Master
297 days

Modifications

Summary of loan modifications and affected balances.
Number of Modifications
3
Modified Amount
$63,490,201

Valuations

Property valuation changes and updates since deal issuance.
Total Valuation at Issuance
$4,891,405,000
Current Total Valuation
$4,830,205,000
Number of Updated Valuations
6
Total Updated Valuation
$46,150,000
Valuation Change Amount
-$61,200,000
Valuation Change Percentage
0.6%

Deal Charts

Fund Holdings

Explore a list of funds that include GSMS 2019-GC40 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 Total Return Bond Fund2025-03-27Search FIGILookup LEIA-3$45,335,2802025-10-31
T. Rowe Price New Income Fund, Inc.2025-01-28Search FIGILookup LEIB$10,986,9872025-05-31
THE HARTFORD TOTAL RETURN BOND FUND2025-03-27Search FIGILookup LEIA-AB$3,361,7882025-10-31
MFS Income Fund2025-03-26Search FIGILookup LEIA-S$1,977,8582025-10-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-4$1,041,9882025-10-31
Opportunistic Credit Fund2025-03-27Search FIGILookup LEIX-A$117,2962025-10-31
T. Rowe Price Total Return ETF2025-01-28Search FIGILookup LEIB$69,0462025-05-31
Federated Hermes Short-Intermediate Total Return Bond Fund2025-01-23Search FIGILookup LEIA-2$39,8602025-08-31
Fund NameTranchesIds
PGIM Total Return Bond Fund
$45,335,280
2025-10-31		A-3Search FIGI
Lookup LEI
T. Rowe Price New Income Fund, Inc.
$10,986,987
2025-05-31		BSearch FIGI
Lookup LEI
THE HARTFORD TOTAL RETURN BOND FUND
$3,361,788
2025-10-31		A-ABSearch FIGI
Lookup LEI
MFS Income Fund
$1,977,858
2025-10-31		A-SSearch FIGI
Lookup LEI
iShares CMBS ETF
$1,041,988
2025-10-31		A-4Search FIGI
Lookup LEI
Opportunistic Credit Fund
$117,296
2025-10-31		X-ASearch FIGI
Lookup LEI
T. Rowe Price Total Return ETF
$69,046
2025-05-31		BSearch FIGI
Lookup LEI
Federated Hermes Short-Intermediate Total Return Bond Fund
$39,860
2025-08-31		A-2Search 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.

Recent Special Servicing 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-GC40, giving insights into the current situation and actions being taken.

3/6/2025 - Loan transferred SS on 2/15/24 due to Delinquent Payments. Loan is currently due for 6/6/24. Collateral consists of a ~61K SF office building (''Property''), including 4K SF of ground floor retail, located in the Greenwich Village neighborhood of New York City. WeWork (exp. 10/31/34) occupied 100% of the Property and stopped paying rent in October 2023. On 11/6/23, WeWork filed Chapter 11 bankruptcy and subsequently filed a motion to reject its lease at the Property on 11/7/23. Local counsel w as retained to file for foreclosure and/or receivership. Foreclosure was filed on 8/7/24, and the motion for summary judgment was filed on 12/26/24. On 2/7/25, the court issued a decision granting Lender''s motion for summary judgment. Lender will dual tr ack the foreclosure process while discussing workout alternatives with Borrower.

2025-03-25
57 East 11th Street
Winter Properties LLC
* 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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