Retail · Grapevine, Texas
Heritage Crossing
Heritage Crossing is financed with a $2.5M CMBS loan at 5.328% that reaches maturity on December 1, 2028, in 2 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
- $2,456,372
- Original balance (same notes)
- $2,800,000
- Interest rate
- 5.328% fixed
- Originated
- November 20, 2018
- Maturity
- December 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- February 28, 2021
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2140 Hall Johnson Road, Grapevine, TX 76051
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 22,709 sq ft
- Built
- 2001
- Largest tenants
- Leslie's Pool Mart Inc.; Italian Crust; Lovely Nail Salon
- Value at securitization
- $4.1M (Oct 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 0.79x |
| Occupancy | 95% | 43% |
| Net operating income | $320K | $148K |
| Debt yield | 6.0% |
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 BANK 2019-BNK16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 11 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.
What the filing shows
- Occupancy has fallen from 95% when the loan was securitized to 43%.
- Net operating income is 54% below the underwritten figure ($148K a year against $320K).
- Debt service coverage moved from 1.71x at securitization to 0.79x on the latest statements.
- At 0.79x, the property's reported NOI does not cover its debt service.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.5M | Current | No | 0.79x | 43% |
| August 2026 | $2.5M | Current | No | 0.79x | 43% |
| July 2026 | $2.5M | Current | No | 0.79x | 43% |
| June 2026 | $2.5M | Current | No | 0.79x | 43% |
| May 2026 | $2.5M | Current | No | 0.79x | 43% |
| March 2026 | $2.5M | Current | No | 0.84x | 56% |
| February 2026 | $2.5M | Current | No | 0.84x | 56% |
| January 2026 | $2.5M | Current | No | 0.84x | 56% |
| December 2025 | $2.5M | Current | No | 0.84x | 56% |
| November 2025 | $2.5M | Current | No | 0.84x | 56% |
| October 2025 | $2.5M | Current | No | 0.84x | 56% |
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-BNK16 | 57 | $2,456,372 | Sep 2026 | SEC filing, September 29, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Renaissance Dallas Addison Hotel | Addison, TX | Hotel | $72.0M | 7.825% | Oct 2028 | 2.61x | 53% | Current |
| 5150 Pulaski Street | Dallas, TX | Industrial | $53.0M | 5.08% | Nov 2028 | n/a | n/a | Current |
| Avr Embassy Suites Fort Worth | Fort Worth, TX | Hotel | $33.9M | 5.578% | Dec 2028 | 1.42x | 73% | Current |
| Courtyard Dallas Downtown Reunion District | Dallas, TX | Hotel | $24.5M | 7.608% | Sep 2028 | 1.45x | 67% | Current |
| Cedar Ridge Office Park | Southlake, TX | Office | $20.3M | 5.41% | Jul 2028 | 1.02x | 85% | Current |
| Copeland Tower And Stadium Place | Arlington, TX | Office | $19.3M | 4.97% | Jul 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Courtyard Dallas Carrollton & Conference Center | Carrollton, TX | Hotel | $17.0M | 5.22% | Nov 2028 | 1.93x | 77% | Current |
| 250 Lancaster | Fort Worth, TX | Mixed use | $17.0M | 5.269% | Sep 2028 | 1.46x | 92% | Current |
All loans maturing in 2028 · All Dallas-Fort Worth-Arlington 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.