Office · Dallas, Texas
13140 Coit Road
13140 Coit Road is financed with a $6.3M CMBS loan at 6.98% that reaches maturity on August 6, 2034, in 7 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,273,197
- Original balance (same notes)
- $6,400,000
- Interest rate
- 6.98% fixed
- Originated
- July 8, 2024
- Maturity
- August 6, 2034
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 5, 2034
- Master servicer
- Trimont LLC
- Originator
- AREF2
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13140 Coit Road, Dallas, TX 75240
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 101,977 sq ft
- Built
- 1979
- Largest tenants
- LHCG XXXIII LLC; Avazzia Inc.; Ready Roofing and Renovation LLC
- Value at securitization
- $10.3M (Jun 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.68x | 1.31x |
| Occupancy | 81% | 76% |
| Net operating income (annualized from 6 months) | $854K | $676K |
| Debt yield | 10.8% |
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 Wells Fargo Commercial Mortgage Trust 2024-C63 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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
- Occupancy has fallen from 81% when the loan was securitized to 76%.
- Net operating income is 21% below the underwritten figure ($676K a year against $854K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.68x at securitization to 1.31x on the latest statements.
- The filing gives Nov 2028 as the lease end date for the largest tenant (LHCG XXXIII LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Current | No | 1.31x | 76% |
| August 2026 | $6.3M | Current | No | 1.31x | 76% |
| July 2026 | $6.3M | Current | No | 1.31x | 75% |
| June 2026 | $6.3M | Current | No | 1.31x | 75% |
| May 2026 | $6.3M | Current | No | 1.37x | 74% |
| April 2026 | $6.3M | Current | No | 1.37x | 74% |
| March 2026 | $6.8M | Current | No | 1.80x | 92% |
| February 2026 | $6.3M | Current | No | 1.37x | 74% |
| January 2026 | $6.3M | Current | No | 1.42x | 77% |
| December 2025 | $6.3M | Current | No | 1.42x | 77% |
| November 2025 | $6.3M | Current | No | 1.42x | 77% |
| October 2025 | $6.3M | Current | No | 1.42x | 86% |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 24 | $6,273,197 | Sep 2026 | SEC filing, September 29, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Grapevine Mills | Grapevine, TX | Retail | $250.0M | 6.264% | Jul 2034 | n/a | n/a | Current |
| Dallas Market Center | Dallas, TX | Mixed use | $237.0M | 6.502% | Jun 2034 | n/a | n/a | Current |
| The Riley | Richardson, TX | Multifamily | $53.8M | 7.13% | May 2034 | 1.02x | 84% | With the special servicer and 30-59 days delinquent |
| Weatherford Ridge | Weatherford, TX | Retail | $29.8M | 6.955% | May 2034 | n/a | n/a | Current |
| S&K Mini Warehouses & Storage | Denton, TX | Self storage | $10.6M | 6.35% | Sep 2034 | n/a | n/a | Current |
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.