Retail · Stafford, Texas
Fountains on the Lake
Public CMBS trusts hold $59.1M of the loan on Fountains on the Lake at 3.776% that reaches maturity on December 6, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $59,150,000
- Original balance (same notes)
- $59,150,000
- Interest rate
- 3.776% fixed
- Originated
- November 24, 2021
- Maturity
- December 6, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- September 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11222 Fountain Lake Drive, Stafford, TX 77477
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 572,265 sq ft
- Built
- 1996
- Largest tenants
- American Multi-Cinema Inc; Main Event Entertainment Inc; Hobby Lobby
- Value at securitization
- $98.8M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.25x | 3.70x |
| Occupancy | 89% | 97% |
| Net operating income (annualized from 6 months) | $7.4M | $8.4M |
| Debt yield | 14.2% |
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 GS Mortgage Securities Trust 2021-GSA3 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Occupancy has risen from 89% when the loan was securitized to 97%.
- Net operating income is 14% above the underwritten figure ($8.4M a year against $7.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.25x at securitization to 3.70x on the latest statements.
- The filing gives Dec 2026 as the lease end date for the largest tenant (American Multi-Cinema Inc), 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 | $59.1M | Current | No | 3.70x | 97% |
| August 2026 | $59.1M | Current | No | 3.63x | 95% |
| July 2026 | $59.1M | Current | No | 3.63x | 95% |
| June 2026 | $59.1M | Current | No | 3.63x | 95% |
| May 2026 | $59.1M | Current | No | 3.04x | 95% |
| April 2026 | $59.1M | Current | No | 3.04x | 95% |
| March 2026 | $59.1M | Current | No | 3.00x | 95% |
| February 2026 | $59.1M | Current | No | 3.00x | 95% |
| January 2026 | $59.1M | Current | No | 3.00x | 95% |
| December 2025 | $59.1M | Current | No | 3.00x | 95% |
| November 2025 | $59.1M | Current | No | 2.90x | 95% |
| October 2025 | $59.1M | Current | No | 2.90x | 95% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2021-GSA3 | 2 | $43,150,000 | Sep 2026 | SEC filing, September 28, 2026 |
| GS Mortgage Securities Trust 2021-GSA3 | 2A | $16,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1201 Lake Robbins | The Woodlands, TX | Office | $250.0M | 3.827% | Oct 2031 | 2.84x | 100% | Current |
| 1500 Post Oak Boulevard | Houston, TX | Office | $140.0M | 6.747% | Mar 2031 | n/a | n/a | Current |
| West Memorial Place | Houston, TX | Office | $106.0M | 7.035% | May 2031 | n/a | n/a | Current |
| 2700 Post Property | Houston, TX | Office | $81.5M | 4.46% | Mar 2031 | n/a | n/a | Current |
| HP Plaza | Spring, TX | Office | $79.0M | 7.01% | Jun 2031 | n/a | n/a | Current |
| Waterway Plaza I | The Woodlands, TX | Office | $66.0M | 3.269% | Feb 2031 | 3.74x | 100% | Current |
| Bella Terra | Richmond, TX | Retail | $52.3M | 3.48% | Dec 2031 | 3.12x | 91% | Current |
| 4800-4900 Fournace Place | Bellaire, TX | Office | $50.2M | 3.351% | Apr 2031 | 2.62x | 99% | Current |
All loans maturing in 2031 · 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.