Self storage · Dallas, Texas
Absolute Self Storage
Absolute Self Storage is financed with a $3.0M CMBS loan at 5.319% that reaches maturity on June 6, 2032, in 5 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $3,000,000
- Original balance (same notes)
- $3,000,000
- Interest rate
- 5.319% fixed
- Originated
- May 25, 2022
- Maturity
- June 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 5, 2023
- Prepayment premium ends
- February 5, 2032 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5600 and 5656 Military Parkway, Dallas, TX 75227
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 34,930 sq ft
- Units, rooms or beds
- 290
- Built
- 1979, renovated 2021
- Value at securitization
- $5.0M (Mar 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 1.17x |
| Occupancy | 96% | 70% |
| Net operating income | $295K | $189K |
| Debt yield | 6.3% |
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 Benchmark 2022-B36 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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 96% when the loan was securitized to 70%.
- Net operating income is 36% below the underwritten figure ($189K a year against $295K).
- Debt service coverage moved from 1.82x at securitization to 1.17x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.0M | Late payment but less than 30 days delinquent | No | 1.17x | 70% |
| August 2026 | $3.0M | Late payment but less than 30 days delinquent | No | 1.17x | 94% |
| July 2026 | $3.0M | Current | No | 1.17x | 94% |
| June 2026 | $3.0M | Current | No | 1.17x | 94% |
| May 2026 | $3.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $3.0M | Current | No | 1.34x | 83% |
| March 2026 | $3.0M | Current | No | 1.34x | 83% |
| February 2026 | $3.0M | Current | No | 1.16x | 96% |
| January 2026 | $3.0M | Current | No | 1.16x | 96% |
| December 2025 | $3.0M | Current | No | 1.21x | 96% |
| November 2025 | $3.0M | Current | No | 1.21x | 86% |
| October 2025 | $3.0M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Benchmark 2022-B36 Mortgage Trust | 30 | $3,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sabre Headquarters | Southlake, TX | Office | $40.0M | 7.12% | Nov 2032 | 2.08x | 100% | Current |
| Compass Self Storage - Fate | Fate, TX | Self storage | $23.5M | 5.48% | Aug 2032 | n/a | n/a | Current |
| Balch Springs Self Storage | Balch Springs, TX | Self storage | $9.7M | 4.254% | Jan 2032 | 1.53x | 87% | Current |
| 4023 Oak Lawn Avenue | Dallas, TX | Mixed use | $9.6M | 7.186% | Oct 2032 | 1.64x | 100% | Current |
| Addison Airport Self Storage | Addison, TX | Self storage | $8.7M | 4.99% | Apr 2032 | n/a | n/a | Current |
| Home2 Suites Bedford | Bedford, TX | Hotel | $8.3M | 4.545% | Apr 2032 | n/a | n/a | Current |
| Four Points Arlington | Arlington, TX | Hotel | $8.1M | 4.885% | Feb 2032 | 1.99x | 74% | Current |
| Montfort Park Office | Dallas, TX | Office | $7.6M | 6.31% | Jul 2032 | 0.95x | 84% | 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.