Multifamily portfolio, 3 properties · Houston, Texas
Falls Houston Multifamily Portfolio
This portfolio is financed with a $63.3M CMBS loan at 6.944% that reaches maturity on July 11, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $63,259,460
- Original balance (same notes)
- $64,500,000
- Interest rate
- 6.944% fixed
- Originated
- June 14, 2024
- Maturity
- July 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 10, 2029
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred July 11, 2025
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 942
- Value at securitization
- $103.4M (Apr 2024)
Performance
| At securitization | Latest (Dec 2024) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 1.38x |
| Occupancy | 89% | 89% |
| Net operating income | $6.4M | $6.3M |
| Debt yield | 10.0% |
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 Wells Fargo Commercial Mortgage Trust 2024-5C1 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 | $63.3M | 90+ days delinquent | Yes | 1.38x | 89% |
| August 2026 | $63.3M | 90+ days delinquent | Yes | 1.38x | 89% |
| July 2026 | $63.3M | 90+ days delinquent | Yes | 1.38x | 89% |
| June 2026 | $63.3M | 90+ days delinquent | Yes | 1.38x | 89% |
| May 2026 | $63.3M | 90+ days delinquent | Yes | 1.38x | 89% |
| April 2026 | $63.3M | 60-89 days delinquent | Yes | 1.38x | 89% |
| March 2026 | $63.3M | 30-59 days delinquent | Yes | 1.38x | 89% |
| February 2026 | $63.3M | Late payment but less than 30 days delinquent | Yes | 1.38x | 89% |
| January 2026 | $63.3M | Current | Yes | 1.38x | 89% |
| December 2025 | $63.3M | Current | Yes | 1.38x | 89% |
| November 2025 | $63.3M | Current | Yes | 1.38x | 89% |
| October 2025 | $64.5M | 90+ days delinquent | Yes | 1.38x | 89% |
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.
Special-servicing history
- Transferred to the special servicer July 11, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-5C1 | 2 | $63,259,460 | Sep 2026 | SEC filing, October 1, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Verde Apartments | Houston, TX | Multifamily | $78.0M | 6.79% | Dec 2029 | 1.13x | 81% | Current |
| Marqe Entertainment Center | Houston, TX | Retail | $70.0M | 7.27% | Apr 2029 | 1.61x | 99% | Current |
| NOV Headquarters | Houston, TX | Office | $39.2M | 4.63% | Apr 2029 | 1.83x | 100% | Current |
| 8 West Centre | Houston, TX | Office | $38.3M | 3.888% | Nov 2029 | 1.43x | 85% | Current |
All loans maturing in 2029 · All Houston-Pasadena-The Woodlands 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.