GS Mortgage Securities Trust 2019-GC40: Special Servicer Change for 700 Tech

What Happened

• GS Mortgage Securities Trust 2019-GC40 filed an 8-K (Sept 18, 2026) reporting a change in special servicing for the 700 Tech Court Mortgage Loan. LNR Partners, LLC (the Special Servicer) disclosed that an LNR affiliate became the borrower via loan assumption on or about June 11, 2021, creating a borrower affiliation that makes the loan an “Excluded Special Servicer Loan” under the pooling and servicing agreement dated July 1, 2019.
• By letter dated September 10, 2026, LNR resigned as Special Servicer only with respect to the 700 Tech Court loan, a Control Termination Event occurred, and LNR selected Midland Loan Services, a Division of PNC Bank, N.A. (“Midland”), to act as the Excluded Special Servicer effective September 18, 2026. LNR remains Special Servicer for the other loans in the trust.

Key Details

• The 700 Tech Court Mortgage Loan represented approximately 1.5% of the issuing entity’s asset pool as of the cut-off date.
• Affiliate loan assumption date: on or about June 11, 2021.
• LNR resignation letter dated: September 10, 2026; Midland’s appointment effective: September 18, 2026.
• Midland principal servicing office: 10851 Mastin Street, Building 82, Suite 300, Overland Park, KS 66210.

Why It Matters

• This is a servicer change for a single loan due to a conflict arising from an LNR affiliate becoming the borrower, which requires that loan be handled by an Excluded Special Servicer under the PSA.
• The loan is a small portion of the pool (~1.5%), and LNR continues to service the remaining mortgage loans, so material impact to the overall trust cash flows or servicing continuity is likely limited to actions specific to the 700 Tech Court loan.
• Investors should note the servicer substitution and the dates above; any special servicing actions on the 700 Tech Court loan going forward will be handled by Midland.