8-KFiled Jun 23, 8:00 PM ET

GS Mortgage Securities Trust 2014-GC24 Reports Distribution Error

GS Mortgage Securities Trust 2014-GC24

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GS Mortgage Securities Trust 2014-GC24 Reports Distribution Error

What Happened
The trust filed an 8-K on June 24, 2026 reporting a distribution error. The Certificate Administrator made distributions on the June 12, 2026 distribution date. On June 22, 2026 the Master Servicer notified the Certificate Administrator that a curtailment payment on the Coastal Grand Mall Mortgage Loan (Loan No. 2 on Annex A-1 of the prospectus supplement) was passed through to Class B Certificateholders in error. Removing that curtailment payment produced an overpayment of principal to Class B holders totaling $743,802.75. The Certificate Administrator has made a claim for the overpayment and expects to receive the amount on or prior to the next distribution date.

Key Details

  • Distribution date: June 12, 2026; notification of error received June 22, 2026.
  • A curtailment payment on the Coastal Grand Mall Mortgage Loan was passed through in error.
  • Overpayment to Class B Certificateholders: $743,802.75.
  • Certificate Administrator filed a claim; recovery expected by the next distribution date.

Why It Matters
For investors, this is a bookkeeping/distribution correction affecting Class B Certificateholders: principal was overpaid and the trust is seeking to recover the $743,802.75. If recovered as expected, there should be no lasting cash shortfall for the trust, but affected holders may see an adjustment on the next distribution statement or a recovery action. Retail investors in the trust should watch upcoming distribution notices for confirmation of the recovery and any related allocation changes.