Hotel portfolio, 2 properties · Texas
Fairfield Texas Portfolio
This portfolio is financed with a $5.5M CMBS loan at 4.20% that reaches maturity on September 1, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,538,126
- Original balance (same notes)
- $6,750,000
- Interest rate
- 4.20% fixed
- Originated
- August 23, 2019
- Maturity
- September 1, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- May 31, 2029
- 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
- Units, rooms or beds
- 173
- Value at securitization
- $11.3M (Jul 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.35x | 2.07x |
| Occupancy | 77% | 61% |
| Net operating income | $1.0M | $903K |
| Debt yield | 16.3% |
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 BANK 2019-BNK21 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 77% when the loan was securitized to 61%.
- Net operating income is 12% below the underwritten figure ($903K a year against $1.0M).
- Debt service coverage moved from 2.35x at securitization to 2.07x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.5M | Current | No | 2.07x | 61% |
| August 2026 | $5.6M | Current | No | 2.53x | 61% |
| July 2026 | $5.6M | Current | No | 2.53x | 61% |
| June 2026 | $5.6M | Current | No | 2.53x | 61% |
| May 2026 | $5.6M | Current | No | 2.64x | 61% |
| April 2026 | $5.6M | Current | No | 2.64x | 61% |
| March 2026 | $5.6M | Current | No | 2.64x | 61% |
| February 2026 | $5.7M | Current | No | 2.64x | 61% |
| January 2026 | $5.7M | Current | No | 2.64x | 61% |
| December 2025 | $5.7M | Current | No | 2.64x | 61% |
| November 2025 | $5.7M | Current | No | 2.64x | 61% |
| October 2025 | $5.7M | Current | No | 2.64x | 61% |
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 2019-BNK21 | 37 | $5,538,126 | Sep 2026 | SEC filing, September 29, 2026 |
Other Texas loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Stonebriar Centre | Frisco, TX | Retail | $255.0M | 6.999% | Jul 2029 | 2.44x | 93% | Current |
| Woodlands Mall | The Woodlands, TX | Retail | $247.6M | 4.256% | Aug 2029 | 4.02x | 84% | Current |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| Legacy Corporate Centre I & II | Plano, TX | Office | $167.4M | 3.37% | Aug 2029 | n/a | n/a | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| USRA Marathon Oil Building | San Antonio, TX | Office | $110.0M | 3.65% | Sep 2029 | 2.06x | 100% | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Renaissance Plano | Plano, TX | Hotel | $78.4M | 4.45% | Jul 2029 | 2.90x | 68% | 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.