Mixed use · Conroe, Texas
Highlands Plaza
Highlands Plaza is financed with a $7.3M CMBS loan at 6.70% that reaches maturity on July 6, 2033, in 6 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,300,814
- Original balance (same notes)
- $7,521,084
- Interest rate
- 6.70% fixed
- Originated
- June 28, 2023
- Maturity
- July 6, 2033
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2253 & 2257 North Loop 336 West, Conroe, TX 77304
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 60,824 sq ft
- Built
- 2002
- Largest tenants
- Dr. Brad Harris; Worth National Title Agency; Cantex Home Health H
- Value at securitization
- $11.6M (May 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 1.60x |
| Occupancy | 90% | 89% |
| Net operating income (annualized from 6 months) | $932K | $941K |
| Debt yield | 12.9% |
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 MSWF Commercial Mortgage Trust 2023-2 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- The filing gives Dec 2028 as the lease end date for the largest tenant (Dr. Brad Harris), 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 | $7.3M | Current | No | 1.60x | 89% |
| August 2026 | $7.3M | Current | No | 1.60x | 89% |
| July 2026 | $7.3M | Current | No | 1.49x | 89% |
| June 2026 | $7.3M | Current | No | 1.49x | 89% |
| May 2026 | $7.3M | Current | No | 1.69x | 89% |
| April 2026 | $7.3M | Current | No | 1.69x | 89% |
| March 2026 | $7.3M | Current | No | 1.66x | 89% |
| February 2026 | $7.4M | Current | No | 1.66x | 89% |
| January 2026 | $7.4M | Current | No | 1.67x | 87% |
| December 2025 | $7.4M | Current | No | 1.67x | 87% |
| November 2025 | $7.4M | Current | No | 1.67x | 87% |
| October 2025 | $7.4M | Current | No | 1.67x | 87% |
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 |
|---|---|---|---|---|
| MSWF Commercial Mortgage Trust 2023-2 | 33 | $7,300,814 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Barbours Cut Ios | La Porte, TX | Industrial | $80.7M | 7.20% | Jun 2033 | 1.61x | 100% | Current |
| Lakeside Forest | Houston, TX | Multifamily | $27.4M | 7.264% | Oct 2033 | 1.42x | 87% | Current |
| BLE Portfolio | Houston, TX | Multifamily | $27.3M | 7.264% | Oct 2033 | 1.30x | 91% | Current |
| La Primavera | Houston, TX | Multifamily | $25.5M | 7.532% | Nov 2033 | 1.34x | 89% | Current |
| Magnolia Cove Apartments, Houston | Houston, TX | Multifamily | $23.0M | 7.28% | Nov 2033 | 1.51x | 96% | Current |
| Deerbrook Medical Center | Humble, TX | Office | $16.3M | 7.31% | Jun 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Villa de Cancun | Houston, TX | Multifamily | $16.0M | 6.68% | May 2033 | 1.99x | 90% | Current |
| Pecan Place Apartments | Pasadena, TX | Multifamily | $13.3M | 6.59% | Apr 2033 | 1.34x | 83% | 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.