Multifamily portfolio, 3 properties · Houston, Texas
BLE Portfolio
Public CMBS trusts hold $27.3M of the loan on this portfolio at 7.264% that reaches maturity on October 6, 2033, in 6 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
- $27,300,000
- Original balance (same notes)
- $27,300,000
- Interest rate
- 7.264% fixed
- Originated
- October 5, 2023
- Maturity
- October 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2033
- Master servicer
- Trimont LLC
- Originator
- AREF2/Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 680
- Value at securitization
- $92.0M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.28x | 1.30x |
| Occupancy | 89% | 91% |
| Net operating income | $5.1M | $5.2M |
| Debt yield | 19.1% |
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 MSWF Commercial Mortgage Trust 2023-2 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $27.3M | Current | No | 1.30x | 91% |
| August 2026 | $27.3M | Current | No | 1.28x | 87% |
| July 2026 | $27.3M | Current | No | 1.28x | 87% |
| June 2026 | $27.3M | Current | No | 1.23x | 87% |
| May 2026 | $27.3M | Current | No | 1.23x | 84% |
| April 2026 | $27.3M | Current | No | 1.23x | 84% |
| March 2026 | $27.3M | Current | No | 1.23x | 84% |
| February 2026 | $27.3M | Current | No | 1.23x | 84% |
| January 2026 | $27.3M | Current | No | 1.22x | 84% |
| December 2025 | $27.3M | Current | No | 1.22x | 84% |
| November 2025 | $27.3M | Current | No | 1.22x | 84% |
| October 2025 | $27.3M | 90+ days delinquent | No | 1.22x | 84% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| MSWF Commercial Mortgage Trust 2023-2 | 6 | $19,110,000 | Sep 2026 | SEC filing, September 29, 2026 |
| MSWF Commercial Mortgage Trust 2023-2 | 6A | $8,190,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Barbours Cut Ios | La Porte, TX | Industrial | $80.7M | 7.20% | Jun 2033 | 1.61x | 100% | Current |
| Lakeside Forest | Houston, TX | Multifamily | $27.4M | 7.264% | Oct 2033 | 1.42x | 87% | Current |
| La Primavera | Houston, TX | Multifamily | $25.5M | 7.532% | Nov 2033 | 1.34x | 89% | Current |
| Magnolia Cove Apartments, Houston | Houston, TX | Multifamily | $23.0M | 7.28% | Nov 2033 | 1.51x | 96% | Current |
| Deerbrook Medical Center | Humble, TX | Office | $16.3M | 7.31% | Jun 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Villa de Cancun | Houston, TX | Multifamily | $16.0M | 6.68% | May 2033 | 1.99x | 90% | Current |
| Pecan Place Apartments | Pasadena, TX | Multifamily | $13.3M | 6.59% | Apr 2033 | 1.34x | 83% | Current |
| Barbours Cut Port Ios | La Porte, TX | Industrial | $12.8M | 7.20% | Jun 2033 | 1.61x | 100% | 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.