GS Mortgage Securities Trust 2019-GC39

Tranches, pool and monthly delinquency indicator for GS Mortgage Securities Trust 2019-GC39.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $630.0M (September 2026)
Original pool balance: $802.5M
Loans at issuance: 71
Closing date: 2019-05-23
Weighted average coupon at issuance: 4.90%
Weighted average LTV at issuance: 255.9%
30+ delinquent (latest): 2.38%
Realized stress score: 51.0
Net rating change since issuance: +0.08 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$13.5M	98.26%	2.667% fixed	36260JAA5	PIF	WR	not yet reported	WR	not yet reported
A-2	$122.5M	82.41%	3.457% fixed	36260JAB3	PIF	WR	not yet reported	WR	not yet reported
A-3	$175.0M	59.78%	3.307% fixed	36260JAC1	AAA	AAA	not yet reported	Aaa	not yet reported
A-4	$209.1M	32.74%	3.567% fixed	36260JAD9	AAA	AAA	not yet reported	Aaa	not yet reported
A-AB	$21.2M	30.00%	3.448% fixed	36260JAE7	AAA	AAA	not yet reported	Aaa	not yet reported
A-S	$81.2M	19.50%	3.819% fixed	36260JAH0	AAA	AAA	not yet reported	Aa3	not yet reported
B	$35.8M	14.88%	3.970% fixed	36260JAJ6	AA-	AA-	not yet reported	not yet reported	not yet reported
C	$33.8M	10.50%	4.005% fixed	36260JAK3	BBB	A-	not yet reported	not yet reported	not yet reported
D	$18.4M	8.13%	3.000% fixed	36260JAL1	BBB-	BBB+	not yet reported	not yet reported	not yet reported
E	$14.5M	6.25%	3.000% fixed	36260JAQ0	BB	BBB-	not yet reported	not yet reported	not yet reported
F	$15.5M	4.25%	4.781% floating	36260JAS6	B-	BB-	not yet reported	not yet reported	not yet reported
G-RR	$7.7M	3.25%	4.781% floating	36260JAV9	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
H-RR	$25.1M	0.00%	4.781% floating	36260JAX5	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	36260JAY3	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
S	not yet reported	not yet reported	not yet reported	36260JBA4	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$622.4M	Interest only	1.299% floating	36260JAF4	AAA	AAA	not yet reported	not yet reported	not yet reported
X-B	$69.6M	Interest only	0.794% floating	36260JAG2	BBB	AAA	not yet reported	not yet reported	not yet reported
X-D	$32.9M	Interest only	1.781% floating	36260JAN7	BB	BBB-	not yet reported	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	71
Original loan balance	$1.64B
Weighted average coupon	4.90%
Weighted average LTV	255.9%
Median loan LTV	110.9%
Full-term interest only (share of balance)	82.0%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	4.7%
Five largest loans (share of balance)	20.3%
Occupancy at issuance (weighted average)	91.3%

Realized outcomes

Months reported	88
Peak 30+ delinquency	4.71% (June 2024)
Ever severe (share of original balance)	3.95%
Ever modified (share of original balance)	6.75%
Past scheduled maturity (share of original balance)	3.04%
Non-performing matured (share of original balance)	45.83%
Maximum servicer advances (share of balance)	0.14%
Median DSCR, first year	1.70
Median DSCR, latest	1.62
Realized stress score	51.0

Property types

Property type	Original balance	Share of pool
Office	$681.2M	41.4%
Lodging	$317.7M	19.3%
Retail	$182.1M	11.1%
Mixed use	$111.0M	6.7%
Industrial	$78.8M	4.8%
Multifamily	$59.1M	3.6%
Self storage	$37.0M	2.3%
SE	$32.6M	2.0%

Property type is reported for 91.2% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
101 California Street	San Francisco, CA	$77.5M	4.7%	3.85%	2019
59 Maiden Lane	New York, NY	$75.0M	4.6%	3.99%	2019
Moffett Towers II Building V	Sunnyvale, CA	$65.0M	4.0%	4.03%	2019
Albertsons Industrial - Pa	East Cocalico Township, PA	$61.7M	3.8%	5.04%	2019
Waterford Lakes Town Center	Orlando, FL	$55.0M	3.3%	4.86%	2019

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	18 of 18
Classes with a current rating in the dataset	14 of 18
Net rating change since issuance	+0.08 notches (balance-weighted)
Delinquency threshold crossed	January 2024
First downgrade	June 2023

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.