Office · The Woodlands, Texas
1201 Lake Robbins
Public CMBS trusts hold $250.0M of the loan on 1201 Lake Robbins at 3.827% that reaches maturity on October 11, 2031, in 4 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $250,000,000
- Original balance (same notes)
- $250,000,000
- Interest rate
- 3.827% fixed
- Originated
- October 8, 2021
- Maturity
- October 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 10, 2031
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1201 Lake Robbins Drive, The Woodlands, TX 77380
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 807,586 sq ft
- Built
- 2002
- Largest tenants
- Occidental Petroleum
- Value at securitization
- $452.0M (Aug 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.36x | 2.84x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $22.9M | $27.6M |
| Debt yield | 11.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK 2022-BNK39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 20% above the underwritten figure ($27.6M a year against $22.9M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.36x at securitization to 2.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $250.0M | Current | No | 2.84x | 100% |
| August 2026 | $250.0M | Current | No | 2.84x | 100% |
| July 2026 | $250.0M | Current | No | 2.84x | 100% |
| June 2026 | $250.0M | Current | No | 2.84x | 100% |
| May 2026 | $250.0M | Current | No | 2.69x | 100% |
| April 2026 | $250.0M | Current | No | 2.69x | 100% |
| March 2026 | $250.0M | Current | No | 2.67x | 100% |
| February 2026 | $250.0M | Current | No | 2.67x | 100% |
| January 2026 | $260.5M | Current | No | 2.67x | 100% |
| December 2025 | $250.0M | Current | No | 2.67x | 100% |
| November 2025 | $250.0M | Current | No | 2.76x | 100% |
| October 2025 | $250.0M | Current | No | 2.76x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2021-BNK37 | 2 | $100,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2021-C61 | 1 | $70,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2021-BNK38 | 4 | $55,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2022-BNK39 | 14 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1500 Post Oak Boulevard | Houston, TX | Office | $140.0M | 6.747% | Mar 2031 | n/a | n/a | Current |
| West Memorial Place | Houston, TX | Office | $106.0M | 7.035% | May 2031 | n/a | n/a | Current |
| 2700 Post Property | Houston, TX | Office | $81.5M | 4.46% | Mar 2031 | n/a | n/a | Current |
| HP Plaza | Spring, TX | Office | $79.0M | 7.01% | Jun 2031 | n/a | n/a | Current |
| Waterway Plaza I | The Woodlands, TX | Office | $66.0M | 3.269% | Feb 2031 | 3.74x | 100% | Current |
| Fountains on the Lake | Stafford, TX | Retail | $59.1M | 3.776% | Dec 2031 | 3.70x | 97% | Current |
| Bella Terra | Richmond, TX | Retail | $52.3M | 3.48% | Dec 2031 | 3.12x | 91% | Current |
| 4800-4900 Fournace Place | Bellaire, TX | Office | $50.2M | 3.351% | Apr 2031 | 2.62x | 99% | Current |
All loans maturing in 2031 · All Houston-Pasadena-The Woodlands loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.