Retail · Friendswood, Texas
Baybrook Lifestyle and Power Center
Public CMBS trusts hold $140.0M of the loan on Baybrook Lifestyle and Power Center at 3.77% that reaches maturity on December 1, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $140,000,000
- Original balance (same notes)
- $140,000,000
- Interest rate
- 3.77% fixed
- Originated
- November 17, 2017
- Maturity
- December 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 500 Baybrook Mall Drive, Friendswood, TX 77546
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 636,845 sq ft
- Built
- 2015
- Largest tenants
- LIFETIME FITNESS; Dick's Sporting Goods; STAR CINEMA GRILL
- Value at securitization
- $241.0M (Jul 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.95x | 3.78x |
| Occupancy | 94% | 99% |
| Net operating income (annualized from 3 months) | $15.8M | $20.2M |
| Debt yield | 14.5% |
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 2018-BNK10 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
- Occupancy has risen from 94% when the loan was securitized to 99%.
- Net operating income is 28% above the underwritten figure ($20.2M a year against $15.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.95x at securitization to 3.78x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $140.0M | Current | No | 3.78x | 99% |
| August 2026 | $140.0M | Current | No | 3.78x | 99% |
| July 2026 | $140.0M | Current | No | 3.78x | 99% |
| June 2026 | $140.0M | Current | No | 3.78x | 99% |
| May 2026 | $140.0M | Current | No | 3.62x | 98% |
| April 2026 | $140.0M | Current | No | 3.40x | 98% |
| March 2026 | $80.0M | Current | No | 3.40x | 98% |
| February 2026 | $140.0M | Current | No | 3.40x | 98% |
| January 2026 | $140.0M | Current | No | 3.40x | 98% |
| December 2025 | $140.0M | Current | No | 3.40x | 98% |
| November 2025 | $140.0M | Current | No | 3.48x | 98% |
| October 2025 | $140.0M | Current | No | 3.48x | 98% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-HR2 | 3 | $50,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2018-BNK10 | 7 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2017-HR2 | 3A | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2018-BNK10 | 7A | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Market Street - The Woodlands | The Woodlands, TX | Retail | $175.0M | 4.085% | Jun 2027 | n/a | n/a | Current |
| Lyric Centre | Houston, TX | Office | $48.0M | 4.199% | Feb 2027 | 3.06x | 81% | Current |
| Remington Park | Houston, TX | Multifamily | $42.5M | 4.04% | Oct 2027 | 2.18x | 93% | Current |
| Doubletree Greenway Houston | Houston, TX | Hotel | $32.5M | 5.06% | Feb 2027 | 1.76x | 55% | Current |
| Center at Pearland Parkway | Pearland, TX | Retail | $25.6M | 4.222% | Jul 2027 | 2.73x | 96% | Current |
| Shops On Sage | Houston, TX | Retail | $15.3M | 5.657% | Mar 2027 | n/a | n/a | Current |
| Willow Bend Apartments | Houston, TX | Multifamily | $13.2M | 4.514% | Jul 2027 | 1.84x | 88% | Current |
| New Territory Randall's Center | Sugar Land, TX | Retail | $10.3M | 5.11% | Mar 2027 | n/a | n/a | Current |
All loans maturing in 2027 · 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.