Retail · Brownsville, Texas
Boca Chica Plaza
Boca Chica Plaza is financed with a $5.1M CMBS loan at 5.05% that reaches maturity on March 11, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,137,910
- Original balance (same notes)
- $6,000,000
- Interest rate
- 5.05% fixed
- Originated
- February 28, 2018
- Maturity
- March 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3025 Boca Chica Boulevard, Brownsville, TX 78521
- Metro
- Brownsville-Harlingen, TX
- Rentable area
- 72,753 sq ft
- Built
- 1977, renovated 2012
- Largest tenants
- LFD Home Furnishing; Fitness Ventures; Wing Barn
- Value at securitization
- $9.1M (Jan 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 2.38x |
| Occupancy | 97% | 98% |
| Net operating income (annualized from 6 months) | $675K | $933K |
| Debt yield | 18.2% |
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-BNK11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Largest tenant's lease ends within 12 months
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 38% above the underwritten figure ($933K a year against $675K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 2.38x on the latest statements.
- The filing gives Feb 2027 as the lease end date for the largest tenant (LFD Home Furnishing), 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 | $5.1M | Current | No | 2.38x | 98% |
| August 2026 | $5.1M | Current | No | 2.38x | 98% |
| July 2026 | $5.2M | Current | No | 2.30x | 96% |
| June 2026 | $5.2M | Current | No | 1.86x | 96% |
| May 2026 | $5.2M | Current | No | 1.86x | 96% |
| April 2026 | $5.2M | Current | No | 1.86x | 96% |
| March 2026 | $5.2M | Current | No | 1.77x | 96% |
| February 2026 | $5.2M | Current | No | 1.77x | 96% |
| January 2026 | $5.2M | Current | No | 1.77x | 96% |
| December 2025 | $5.2M | Current | No | 1.77x | 96% |
| November 2025 | $5.2M | Current | No | 1.77x | 96% |
| October 2025 | $5.2M | Current | No | 1.77x | 96% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK11 | 24 | $5,137,910 | Sep 2026 | SEC filing, October 1, 2026 |
Other Brownsville-Harlingen loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sealy Distribution Center | Brownsville, TX | Industrial | $15.5M | 4.78% | Nov 2028 | 3.63x | 99% | Current |
| Residence Inn Harlingen | Harlingen, TX | Hotel | $7.9M | 5.623% | Jun 2028 | 3.38x | 93% | Current |
| Walgreens - Harlingen, TX | Harlingen, TX | Retail | $3.3M | 4.84% | Feb 2028 | 1.89x | 100% | Current |
| Wellington Plaza | Brownsville, TX | Office | $3.1M | 5.86% | Nov 2028 | 1.53x | 88% | Current |
All loans maturing in 2028 · All Brownsville-Harlingen 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.