Self storage portfolio, 3 properties · Fate, Texas
Compass Self Storage - Fate
This portfolio is financed with a $23.5M CMBS loan at 5.48% that reaches maturity on August 6, 2032, in 5 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
- $23,500,000
- Original balance (same notes)
- $23,500,000
- Interest rate
- 5.48% fixed
- Originated
- July 14, 2022
- Maturity
- August 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 5, 2024
- Prepayment premium ends
- May 5, 2032 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 159 Riding Club Road, Fate, TX 75087
- Metro
- Dallas-Fort Worth-Arlington, TX
- Value at securitization
- $51.5M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $2.4M | $5.0M |
| Debt yield | 21.3% |
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.
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
- Net operating income is 109% above the underwritten figure ($5.0M a year against $2.4M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Compass Self Storage - Fate | Fate, TX | Self Storage | 85% | 1.90x |
| Compass Self Storage - Mansfield | Mansfield, TX | Self Storage | n/a | n/a |
| Compass Self Storage - Leesburg | Leesburg, FL | Self Storage | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.5M | Current | No | 1.90x | 85% |
| August 2026 | $23.5M | Current | No | 1.90x | 85% |
| July 2026 | $23.5M | Current | No | n/a | n/a |
| June 2026 | $23.5M | Current | No | n/a | n/a |
| May 2026 | $23.5M | Current | No | n/a | n/a |
| April 2026 | $23.5M | Current | No | 2.01x | 77% |
| March 2026 | $23.5M | Current | No | 2.01x | 77% |
| February 2026 | $23.5M | Current | No | 2.01x | 77% |
| January 2026 | $23.5M | Current | No | 2.08x | 79% |
| December 2025 | $23.5M | Current | No | 2.08x | 79% |
| November 2025 | $23.5M | Current | No | 2.16x | 86% |
| October 2025 | $23.5M | Current | No | 2.16x | 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 |
|---|---|---|---|---|
| Benchmark 2022-B36 Mortgage Trust | 13 | $23,500,000 | 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 |
| 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 |
| A-Affordable Storage - Waxahachie | Midlothian, TX | Self storage | $7.3M | 4.61% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
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.