Retail · Katy, Texas
Fry Road Retail Center
Fry Road Retail Center is financed with a $4.3M CMBS loan at 4.49% that reaches maturity on December 1, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,250,000
- Original balance (same notes)
- $4,250,000
- Interest rate
- 4.49% fixed
- Originated
- November 22, 2017
- Maturity
- December 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2027
- 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
- Address
- 3820 N Fry Road, Katy, TX 77449
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 26,527 sq ft
- Built
- 2016
- Largest tenants
- TELOLOAPAN MEAT MARKET; T-Mobile; Dominos
- Value at securitization
- $8.2M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.48x | 3.20x |
| Occupancy | 86% | 100% |
| Net operating income (annualized from 6 months) | $480K | $622K |
| Debt yield | 14.6% |
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 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 86% when the loan was securitized to 100%.
- Net operating income is 30% above the underwritten figure ($622K a year against $480K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.48x at securitization to 3.20x on the latest statements.
- The filing gives Sep 2027 as the lease end date for the largest tenant (TELOLOAPAN MEAT MARKET), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.3M | Current | No | 3.20x | 100% |
| August 2026 | $4.3M | Current | No | 2.87x | 100% |
| July 2026 | $4.3M | Current | No | 2.87x | 100% |
| June 2026 | $4.3M | Current | No | 2.87x | 100% |
| May 2026 | $4.3M | Current | No | 2.87x | 100% |
| April 2026 | $4.3M | Current | No | 2.87x | 100% |
| February 2026 | $4.3M | Current | No | 3.12x | 100% |
| January 2026 | $4.3M | Current | No | 3.12x | 100% |
| December 2025 | $4.3M | Current | No | 3.69x | 100% |
| November 2025 | $4.3M | Current | No | 3.69x | 100% |
| October 2025 | $4.3M | Current | No | 3.69x | 100% |
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 2018-BNK10 | 50 | $4,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Market Street - The Woodlands | The Woodlands, TX | Retail | $175.0M | 4.085% | Jun 2027 | n/a | n/a | Current |
| Baybrook Lifestyle and Power Center | Friendswood, TX | Retail | $140.0M | 3.77% | Dec 2027 | 3.78x | 99% | Current |
| Lyric Centre | Houston, TX | Office | $48.0M | 4.199% | Feb 2027 | 3.06x | 81% | Current |
| Remington Park | Houston, TX | Multifamily | $42.5M | 4.04% | Oct 2027 | 2.18x | 93% | Current |
| Doubletree Greenway Houston | Houston, TX | Hotel | $32.5M | 5.06% | Feb 2027 | 1.76x | 55% | Current |
| Center at Pearland Parkway | Pearland, TX | Retail | $25.6M | 4.222% | Jul 2027 | 2.73x | 96% | Current |
| Shops On Sage | Houston, TX | Retail | $15.3M | 5.657% | Mar 2027 | n/a | n/a | Current |
| Willow Bend Apartments | Houston, TX | Multifamily | $13.2M | 4.514% | Jul 2027 | 1.84x | 88% | Current |
All loans maturing in 2027 · 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.