Multifamily · Marble Falls, Texas
Cottages at Gateway Park
Cottages at Gateway Park is financed with a $2.5M CMBS loan at 5.06% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,450,125
- Original balance (same notes)
- $2,650,000
- Interest rate
- 5.06% fixed
- Originated
- September 18, 2018
- Maturity
- October 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 506 Gateway Parkway, Marble Falls, TX 78654
- Units, rooms or beds
- 39
- Built
- 1990
- Value at securitization
- $3.6M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.73x |
| Occupancy | 92% | 85% |
| Net operating income (annualized from 6 months) | n/a | $300K |
| Debt yield | 12.3% |
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 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 fallen from 92% when the loan was securitized to 85%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.5M | Not reported | No | 1.73x | 85% |
| August 2026 | $2.5M | Not reported | No | 1.62x | 85% |
| July 2026 | $2.5M | Not reported | No | 1.62x | 85% |
| June 2026 | $2.5M | Not reported | No | 1.62x | 85% |
| May 2026 | $2.5M | Not reported | No | 1.62x | 85% |
| April 2026 | $2.5M | Not reported | No | 1.62x | 85% |
| March 2026 | $2.5M | Not reported | No | 1.60x | 95% |
| February 2026 | $2.5M | Not reported | No | 1.60x | 95% |
| January 2026 | $2.5M | Not reported | No | 1.59x | 95% |
| December 2025 | $2.5M | Not reported | No | 1.59x | 95% |
| November 2025 | $2.5M | Not reported | No | 1.59x | 92% |
| October 2025 | $2.5M | Not reported | No | 1.59x | 92% |
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 2018-B7 Mortgage Trust | 50 | $2,450,125 | Sep 2026 | SEC filing, October 1, 2026 |
Other Texas loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Heritage Plaza, Houston | Houston, TX | Office | $172.0M | 7.63% | May 2028 | 2.13x | 78% | Current |
| Starburst Apartments | Austin, TX | Multifamily | $110.0M | 7.37% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Sugar Land Town Square | Sugar Land, TX | Mixed use | $105.0M | 7.966% | Nov 2028 | 1.19x | 69% | Current |
| Renaissance Dallas Addison Hotel | Addison, TX | Hotel | $72.0M | 7.825% | Oct 2028 | 2.61x | 53% | Current |
| 13785 Research Boulevard | Austin, TX | Office | $65.0M | 5.215% | Mar 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Outlet Shoppes at El Paso | Canutillo, TX | Retail | $64.7M | 5.103% | Oct 2028 | 2.61x | 97% | Current |
| Quality RV Resorts | TX | Manufactured housing | $58.2M | 4.848% | Jul 2028 | 1.80x | 83% | Current |
| Market Heights | Harker Heights, TX | Retail | $55.0M | 7.96% | Nov 2028 | 1.59x | 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.